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| Above, Franklin silver half dollars. Photo by Armand Vaquer. |
With silver's spot price recent big rise (it is currently around $88 per troy ounce at COMEX), people are selling rather than buying.
This is understandable. But should one sell now? One expert says if a person needs the money, go ahead and sell. But if people don't need the money, just hold on to it.
MSN posted an article on the recent spikes in silver's spot price.
They begin it with:
When silver prices spiked tenfold in the 1970s to more than $50 an ounce, many Americans correctly saw an opportunity and lined up at precious metals dealers to sell their old sterling silver. That proved smart since silver prices proceeded to collapse to under $10 an ounce in the 1980s.
Similar behavior may be occurring during the current silver boom, which has led to a tripling in silver prices to over $90 an ounce over the past year. That includes a nearly 30% gain so far in 2026 as new price records have been set.
It isn’t easy to generalize, but two coin dealers tell Barron’s that retail investors are heavier sellers than buyers, and it appears the outsize silver gains are being driven by institutional investors and overseas buyers in regions such as Asia.
To read more, go here.
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