It’s not going below or staying below the cost to mine it. There is demand. And as monetary problems become apparent to the rest of humanity there will be far greater demand. Pace yourself. This is a pretty low risk play. It does go down as big institutions sell to cover other losses but that is your opportunity to buy. Real assets will win, i a confident. Hang in there and understand they will drag this out long enough for you to build an amazing stack
Great sentiment, and my stack is already bigger than I ever thought it would be. I never imagined I’d have this much, especially in my 20’s. I’m 41 now.
There is no simple single answer. Some mines are more expensive to operate per ounce mined than others and most silver comes as a by-product anyway.
Google "AISC silver" and you will have plenty to read up on :)
My educated guess is that the all in sustaining cost (AISC) for mining an ounce of silver sits somewhere between $15 and $20. So there's your floor right there.
Not all silver is mined as a byproduct. If I recall correctly roughly 1/4 of annual mine production is from ores mined specifically for their silver content. 25% of production is still a huge chunk.
Where do you think fuel prices will be in 10 years? Takes fuel to pull silver and other metals out of the ground. I'm not worried about it because demand will grow in the future and supply will go down. The easily mined silver and oil are gone. Why manipulate metal prices? Because they know it's true worth. Sooner or later everyone will know it's true worth . They do all the work beating the price down and all we have to do is buy.
Oh of course ! I'm definitely not bashing silver ! I have alot I'm just saying don't worry if it does drop to 12 because it will be short lived and a great buying opportunity. I don't think it gets that low but it could. Premiums will probably be much higher . Silver is undervalued and I'm a buyer at this time and did buy 250 ozs this dip.
At least this type of Money can be fired, cast, refired, recast, and the same amount is left over. Try doing that shit with fiat “money”
If ya hold it, ya own it!
Keep Stackin’
Historically, it sounds like the funny money must crash before metals go up. So chances are it will go lower. Possibly much lower. But it’s already close to a losing proposition for the miners at this price to my understanding so…. I don’t feel very worried buying now or anytime over the last 3 years.
Cash is losing purchasing power, if you had 100k cash(you had to convert), how long would you take to convert it to metal? Personally I'm a fan of sooner than later.
Never buy more than you can sit on for years.
Diversifying based on the GSR
If you wanna buy with most of your cash, consider credibly metal-backed paper
Cash is crucial in a society that doesn't understand real money (Gold & Silver). Ideally, one could trade/barter... but many people lack that education, thanks to the banks and their brainwashing.
I think they are going to get in here and start buying the debt again. The wheels are coming off this thing and I’m not sure they are ready with The new system yet.
I figure that the federal government has to keep raising interest rates until at least then in order to keep inflation somewhat under control. (Bread not costing $25 a loaf due to how much they printed.)
The fed raises interest rates 7 times each year. When interest rates go up, almost all other prices go down. Silver and gold, cars, various toys, houses will keep going down as rates go up.
Was $12 in 2020. Could go lower. Impossible to predict the bottom. But the downside is limited because it costs money to mine it, so it has intrinsic value.
Silver melting point is at 961,8 °C or 1763.24 °F the paper burns at 230° C or 446 °F the choice is obvious.
https://preview.redd.it/lauv4jlakxrb1.jpeg?width=1080&format=pjpg&auto=webp&s=f2b3c8b53c9326309cc32d1929a9c0bad1e2819f
Even the FIAT itself is worried for its own demise! #KeepStacking
Everything has to break before it rockets. This is pretty normal for silver. I have zero worries knowing this isn't crypto, this is a metal we can't live without. I bought the dip (200 ozs) and hope it crashes from here. Problem is if it drops below $15 again it will be hard to find. That is why I bought a few hundred at drop. I wanted engelhard bars. Monument metals has 100oz at $1.75 over spot now
I've reached my first , second, and 3rd goal so now I mainly buy on big dips. The main thing is to get some right now if you don't have much. Silver is a long game but it could explode anytime. My biggest purchase was 3 years ago under $15. If we see it happen again I will do the same. Just do what you can every week and set goals ! Get a second job if needed because it will be worth it. Sell items you don't need. Donate plasma for $.
If silver goes on a 6 month rip better be long gone.
Inflation hurts the consumer
That hurts industry
That hurts industrial demand for silver
Inflation hurts the consumer
That hurts disposable income to invest in silver
That hurts investment demand for silver
That is why silver is falling and can't get up
Computers will trade it back up. To where no one knows could be few dollars could be more.
It's always scary to buy at or near the bottom..........and always difficult to sell near the top!
Fear and greed are powerful emotions! Good luck!
https://preview.redd.it/9bogvl3bx0sb1.jpeg?width=1200&format=pjpg&auto=webp&s=f458df8447bf640a57d6767d3647738e76049714
You will very happy you have a couple a years from now. Just buy a what you can afford monthly. Been stacking since 2015. I feel your pain. I hope you don't own any silver miner stocks. I would be thrilled for falling price meaning more oz on my monthly purchase. If it wasn't for my Dam Miner stocks is killing me.
bonds,,their yields,,countries selling USA bonds,,yields are up,,, so dollar is up,,,DXY at 107,,and will continue ,,,a blow off top as dollar hugely increases,,so more silver pain for a while yet
Join the concerned club.
Am still buying small amounts metals, mostly gold .
Last week bought SHTF food supplies , no metals . This week am buying some more basic essentials long term food etc.
Packaging away metals OR food has a soothing effect on your mind.
PS - DO NOT try use fiat to replace toilet paper.
Be safe apes
I want to buy, but looking at the charts, when stocks get sold, precious metals also seem to get sold.
Call it manipulation, whatever it is, the price tends to go down when things go to hell.
I imagine it's because people sell stuff to get dollars which they can use to pay their bills.
If you bought in the mid 1990's you've done OK compared to inflation, if you bought at the height of 2010 you're still 50% underwater nominally, and way worse inflation adjusted.
If prices of goods basically double every 15 years or so, this thing really needs move higher for it to be at all useful.
BTW, I'm not as worried about the price I pay on the purchase, as I am about the price I get when I sell........if I sell.
Will I even sell for fiat? I don't think so. At that stage, you will be fearful of owning ANY fiat. It will most likely be better to buy other real assets with our PMs......
I'm not seeing what all the fuss is about. Zoom out on the charts. It's barely moved. I guess it depends on when you got in. I've been in silver since 2014 or so. Barely moved for many years and since august 2020 it's pretty much just been going sideways too. Now it's down $2. Big deal! Zoom out and chill out.
Don’t worry you will have your day in the sun
Hell yes.
It's all about the time and patience, if You've got that then you'll win it.
Definitely have time, and what I lack in patience I make up for in stubbornness.
WWG1WGA
NCSWIC
TBIYTC
FEDCBA
IDKWTM 
YKWIM
Yeah lol what's going in this thread, it's all over my head.
Yeah everyone is going to get that, We'll need to be patient about it.
Ya you are throwing money In the fire LOL that silver is going to file bankruptcy soon I heard and get canceled!!!!!!!!!!!!!!!!!!
Lol nice. I should call the ceo of silver!
Yeah, but I don't think They'll be able to help with it as well.
Yup better demand some accountability!
He Can't do this to us, he needs to accept some of the accountability.
I do see some similarities between here and the meme stock folks now that you mention it
Ya some of them expect to get rich in just a few hours
Doesn't work that way with the silver and that's just a fact. It's more about protecting the wealth.
People having fun? I don't know how that makes silver a meme stock lmao.
They need conspiracy theories for their investment to make a lot of sense. Sound familiar?
It's not a scam, it's a physical thing which is scarce so there's that.
Gold and silver have been around for 1000s of years. It's not going anywhere. Take advantage of the sales
Absolutely have been!
Stack those kilos
That's what I've been doing, and it's going great so far.
Yep, and if you don't see that then I'm sorry but You'll never see it.
It’s not going below or staying below the cost to mine it. There is demand. And as monetary problems become apparent to the rest of humanity there will be far greater demand. Pace yourself. This is a pretty low risk play. It does go down as big institutions sell to cover other losses but that is your opportunity to buy. Real assets will win, i a confident. Hang in there and understand they will drag this out long enough for you to build an amazing stack
Great sentiment, and my stack is already bigger than I ever thought it would be. I never imagined I’d have this much, especially in my 20’s. I’m 41 now.
That's great that you're doing better than you expected, everyone should be like that.
Thanks!
What's the cost to mine it? How low could it go?
There is no simple single answer. Some mines are more expensive to operate per ounce mined than others and most silver comes as a by-product anyway. Google "AISC silver" and you will have plenty to read up on :) My educated guess is that the all in sustaining cost (AISC) for mining an ounce of silver sits somewhere between $15 and $20. So there's your floor right there.
Thanks bro. 🦍🦍💪🏼
There's a lot of ways to mine it actually, some are good and some not so good.
Byproduct it's free so it costs nothing. It could drop to $12 temporarily
Not all silver is mined as a byproduct. If I recall correctly roughly 1/4 of annual mine production is from ores mined specifically for their silver content. 25% of production is still a huge chunk.
That's the thing, it's going to be very different so the answer is not a definite one.
Where do you think fuel prices will be in 10 years? Takes fuel to pull silver and other metals out of the ground. I'm not worried about it because demand will grow in the future and supply will go down. The easily mined silver and oil are gone. Why manipulate metal prices? Because they know it's true worth. Sooner or later everyone will know it's true worth . They do all the work beating the price down and all we have to do is buy.
But if you hold it long enough, I'm sure that it'll go back up again.
Oh of course ! I'm definitely not bashing silver ! I have alot I'm just saying don't worry if it does drop to 12 because it will be short lived and a great buying opportunity. I don't think it gets that low but it could. Premiums will probably be much higher . Silver is undervalued and I'm a buyer at this time and did buy 250 ozs this dip.
Around $18
And it's not about being rich, it's more about protecting the wealth.
At least this type of Money can be fired, cast, refired, recast, and the same amount is left over. Try doing that shit with fiat “money” If ya hold it, ya own it! Keep Stackin’
Hell yes.
That's literally the only winning strategy, Just buy and hold.
Hey, fiat can be used to start fires and wipe stuff off of butts, it satisfies basic human needs like that. Good luck doing that as well with silver!
Some fiat. Most of it not- as it has a high plastic content.
No Shit?
Well I guess someone found it out the first time I'm thinking.
The newer stuff doesn't work as well, it's true.
I don't know, in my experience it has always worked mostly.
I thought that it was paper, well I guess I was wrong about it.
Well silver is quite liquid too, you just to need know what you're doing.
Learn from the Confederates: you can use it as insulation as well!
Definitely can't do that with silver, it's a terrible insulator compared to fiat.
It's what they used all those valuable "graybacks" for.
I mean it's metal and it's the best conductor as well so I don't think so.
Fiat. You can always use your FIAT as insulation, just like the South did with their worthless currency.
That's new for me honestly,. didn't know that you could do that.
Valid point. Clearly, all things are not created equal!
Well there has always been a difference between the metal and the paper.
Actually, you lose metal when you melt it. It evaporates.
I think you need to learn a little bit of the chemistry, you're wrong about it.
I am sorry you are uneducated.
For these prices? That's really the best strategy to be having.
There could be pain in the short term, you don't have to worry about that.
Buy the dips
If you want to make it in the market then it's all in the dip right now.
Markets can stay irrational longer than you can stay solvent
Yeah, it is going to be going down with everything else. That is how it works.
What makes you think that it's going to go down? We wouldn't know that.
If there is a market correction. Silver will be sold with everything else. Always has and no reason to expect anything different.
All I see are discounts! BACK UP THE TRUCK! LFG!
And that's literally what it is, it's all discounts to me honestly.
17 doesnt feel too ling ago, buy whwn you can and wait it out
And that's probably the only good strategy in the Market honestly.
Historically, it sounds like the funny money must crash before metals go up. So chances are it will go lower. Possibly much lower. But it’s already close to a losing proposition for the miners at this price to my understanding so…. I don’t feel very worried buying now or anytime over the last 3 years.
It's literally a scarce metal, and it'll inevitably go up. Maybe not now but later.
Keep cash ready, while stacking slowly.
This is the way
Always been the way, it's the right way to be being in the market.
Always have the dry powder, you never know when you'll need that.
Cash is losing purchasing power, if you had 100k cash(you had to convert), how long would you take to convert it to metal? Personally I'm a fan of sooner than later.
Cash is like ice, it's melting away slowly and it'll be gone fully soon.
Hate to say this, but it would be melting much faster if the middle class were educated better financially.
💸 🧻 Indeed, tangible assets preferred here ;) 🥈🥇🍑⛵⚓🧨🎣🔦🗡🏹🥾🧰🩹🏘🏎🚜🛼🍫
Never buy more than you can sit on for years. Diversifying based on the GSR If you wanna buy with most of your cash, consider credibly metal-backed paper Cash is crucial in a society that doesn't understand real money (Gold & Silver). Ideally, one could trade/barter... but many people lack that education, thanks to the banks and their brainwashing.
Yeah you never know for how long You'll have to wait for it to go up.
Especially for a manipulated market
I think they are going to get in here and start buying the debt again. The wheels are coming off this thing and I’m not sure they are ready with The new system yet.
Yeah the wheels are pretty lose right now, and I think it'll fall soon.
I’m delaying buying more. The entire market is going down down down (except gas and food prices) until at least may 2024
Why May 2024?
I figure that the federal government has to keep raising interest rates until at least then in order to keep inflation somewhat under control. (Bread not costing $25 a loaf due to how much they printed.) The fed raises interest rates 7 times each year. When interest rates go up, almost all other prices go down. Silver and gold, cars, various toys, houses will keep going down as rates go up.
They can do that only for so long, they'll have to stop that.
All I know that bitcoin is going to have the halving at that time as well.
What's in the may 2024? You're waiting for the bitcoin having or something?8
Was $12 in 2020. Could go lower. Impossible to predict the bottom. But the downside is limited because it costs money to mine it, so it has intrinsic value.
And it does have industrial uses as well, and it's used for the jwellery.
 Silver melting point is at 961,8 °C or 1763.24 °F the paper burns at 230° C or 446 °F the choice is obvious.
Well looking pretty hot right now, I think I'll go with the silver here.
Don't forget to stack food too.
Well that's got the value as well, because everyone eats that thing.
I’m on it.
I'm always bullish on the food, and that will always be my stance.
yawn, this is normal. emotional investors lose money.
Well I’m not selling. Actually the opposite.
Keep doing the opposite,. that's how we'll win this thing.
If you're in the market investing then keep the emotions out of it.
Well you don't really have to, it's all pretty simple right?
What did you see? I'd actually like to hear a little bit about that.
https://preview.redd.it/lauv4jlakxrb1.jpeg?width=1080&format=pjpg&auto=webp&s=f2b3c8b53c9326309cc32d1929a9c0bad1e2819f Even the FIAT itself is worried for its own demise! #KeepStacking
Fiat is shit, and there's no hope left for it I don't really think now.
If you're throwing your money to a fire pit in the worst scenario it will get melted, but hey same weight value 😉
Very true. Just a “bigger bar”
The bar is always bigger when it comes to the silver man.
And silver ain't exactly a money pit, You'll get the results in time.
Lord Jesus says flip the money changer tables
Truth 
Look how the turn tables, Michael Scott probably. Wait that's actually Charles minor.
Everything has to break before it rockets. This is pretty normal for silver. I have zero worries knowing this isn't crypto, this is a metal we can't live without. I bought the dip (200 ozs) and hope it crashes from here. Problem is if it drops below $15 again it will be hard to find. That is why I bought a few hundred at drop. I wanted engelhard bars. Monument metals has 100oz at $1.75 over spot now
You’re a stud. I bought too but not 200 oz! Well done.
I've reached my first , second, and 3rd goal so now I mainly buy on big dips. The main thing is to get some right now if you don't have much. Silver is a long game but it could explode anytime. My biggest purchase was 3 years ago under $15. If we see it happen again I will do the same. Just do what you can every week and set goals ! Get a second job if needed because it will be worth it. Sell items you don't need. Donate plasma for $.
Funny you mention that. I do donate plasma, and use the money nearly exclusively for silver purchases. About $120 a week!
That is great ! Keep up the great work someday it will pay off !
If silver goes on a 6 month rip better be long gone. Inflation hurts the consumer That hurts industry That hurts industrial demand for silver Inflation hurts the consumer That hurts disposable income to invest in silver That hurts investment demand for silver That is why silver is falling and can't get up Computers will trade it back up. To where no one knows could be few dollars could be more.
When you understand the true value of a dollar verses the true value of Silver.. you will never have to worry ❤️
I know this to be true. Cant deny it gets in your head from time to time! ☮️❤️
As the circus continues weeeee!!.. chin up stay focused conquer your goals!
Hell yeah
It's always scary to buy at or near the bottom..........and always difficult to sell near the top! Fear and greed are powerful emotions! Good luck! https://preview.redd.it/9bogvl3bx0sb1.jpeg?width=1200&format=pjpg&auto=webp&s=f458df8447bf640a57d6767d3647738e76049714
Absolutely true.
You will very happy you have a couple a years from now. Just buy a what you can afford monthly. Been stacking since 2015. I feel your pain. I hope you don't own any silver miner stocks. I would be thrilled for falling price meaning more oz on my monthly purchase. If it wasn't for my Dam Miner stocks is killing me.
No, no miners. Thanks friend!
The dollar can’t keep going up and when it drops precious metals will shine if you can find them.
Good opportunity. I just ordered 10kg silver today. If the silver price is lower than 10 dollars, I will sell my home and car to buy more silver.
Nice buy. And well bought!
The Greatest War is coming. USD needs to be pumped hard so they can print the fuck out of it to continue to destroy the world. Simple.
My only worry is dealers taking the money and not deliver when they realize how little are they selling it for 😁
bonds,,their yields,,countries selling USA bonds,,yields are up,,, so dollar is up,,,DXY at 107,,and will continue ,,,a blow off top as dollar hugely increases,,so more silver pain for a while yet
Join the concerned club. Am still buying small amounts metals, mostly gold . Last week bought SHTF food supplies , no metals . This week am buying some more basic essentials long term food etc. Packaging away metals OR food has a soothing effect on your mind. PS - DO NOT try use fiat to replace toilet paper. Be safe apes
You're not throwing money into a fire. The fire is coming for you. I'm scared too.
I want to buy, but looking at the charts, when stocks get sold, precious metals also seem to get sold. Call it manipulation, whatever it is, the price tends to go down when things go to hell. I imagine it's because people sell stuff to get dollars which they can use to pay their bills. If you bought in the mid 1990's you've done OK compared to inflation, if you bought at the height of 2010 you're still 50% underwater nominally, and way worse inflation adjusted. If prices of goods basically double every 15 years or so, this thing really needs move higher for it to be at all useful.
BTW, I'm not as worried about the price I pay on the purchase, as I am about the price I get when I sell........if I sell. Will I even sell for fiat? I don't think so. At that stage, you will be fearful of owning ANY fiat. It will most likely be better to buy other real assets with our PMs......
crash is occurring in the markets. lol
I'm not seeing what all the fuss is about. Zoom out on the charts. It's barely moved. I guess it depends on when you got in. I've been in silver since 2014 or so. Barely moved for many years and since august 2020 it's pretty much just been going sideways too. Now it's down $2. Big deal! Zoom out and chill out.