I have held physical silver for many years with no intention of selling–on the other hand if someone wants to pay me a crazy high number (not sure what that would be–$100?) I might let it go.
Like Gamestop (GME) last week there is apparently a move to buy silver–physical silver and I suspect some miners. A short squeeze on the SLV ETF is mentioned-I suspect there are some penny mining stocks where there might be opportunity.
The silver ETF saw buying equivalent to 1150 tons of silver late last week. I checked my traditional supplier and they have little for sale and shipping is delayed 5-10 days. They had 1 issue of silver eagles available at $76/coin which is way beyond where the 1996 issue should be trading.
Anyway I see silver futures at $27.06 right now which is up a bit over a dollar.
As an income investor do I care? I care about any potential disruptions in markets—I don’t care what silver does (unless it goes to $100 or so and then I will gather my physical silver and bank a 1000% profit), but these things have a potential to spill over elsewhere.
We shall wait and see if anything evolves from here. Most likely this would simply be a ‘sideshow’ for income investors, but we shall see soon.