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| Above, a 2023 American Silver Eagle. Photo by Armand Vaquer. |
Since the spot price for silver has risen to over $70 per troy ounce over the past few months, I have curtailed my buying.
I bought a lot of it (mainly Morgan silver dollars) when the metal was around $25 to $35 per troy ounce.
What is the amount one should pay now for an ounce of silver? CBS News posted the answers in an article yesterday.
They begin it with:
Silver prices have surged dramatically in recent months. This precious metal price rally has been fueled by a combination of industrial demand, economic uncertainty and renewed interest in precious metals as an inflation hedge. And, with 1 ounce of silver now regularly trading at or near record highs, investors are clamoring to try and capitalize on the potential for future price growth. But if you're ready to add silver to your portfolio, you might be surprised to learn that the silver spot price you see quoted online is only part of the equation.
To read more, go here.
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