Silver Prices

Those of us in the #SilverGoldStackers Community have been having a great time watching the value of our silver purchases spike this year! During most of the past year, the price of silver on the market has hovered between USD $10 and $20. On July 20^th of this year, however, the price of silver crossed the USD $20 threshold and continued on a mostly-uphill climb. On August 10^th, the price his USD $29.26 and has only fallen a little bit since then.

The last time the price of silver was over USD $20 was four years ago during the summer of 2016. The price spiked then to $21.51 on July 29^th.

A few of the #SilverGoldStackers Community have taken advantage of the spike and sold a small amount of silver for a nice profit in order to cover expenses for various things. In this strange COVID-19 year with jobs compromised in many cases, the extra income has helped some of them. It's times like these when investments made years ago can really help!

^{screenshot from BING search, data from Refinitiv}

Other than having a silver dollar that was given to me at birth by a dear elderly lady who was a friend of the family, I didn't really have any silver of which to speak until I won a Silver Saver Classic Bar. This lovely piece was commissioned by @silversaver888 and generously donated to one of the past Monster Raffles which are periodically held by the #SilverGoldStackers Community. Since then, I have added quite a few lovely silver coins and silver bullion rounds to my collection. I was also gifted with a lovely, hand-poured silver skull which came as a bonus in a package I ordered from @raybrockman, a very caring member of our community.

I feel fortunate to have found the #SilverGoldStackers Community here on the blockchain. Besides learning from them and being able to "pick their brains" when I have a question, they're a good group of people to hang with. 🙂

So, if any of you have any interest in collecting precious metals for investment purposes, I highly urge you to do so if you have the resources to save a little bit here-and-there. Also, consider joining the #SilverGoldStackers Community to learn more about this fascinating and enriching activity! You can ask me or any of the other members for more details.