I've been collecting silver for about 6 months. My collection ranges from 50% coins up to 99.99% silver maples. I've also purchased a lot of sterling silver jewellery. I'm not sure buying sterling was a good idea, but I figure silver is silver. Anyhow, the SLV market recently peaked at $48.50 per ounce, but currently resides around $35. However, if you look on eBay, physical silver trades a lot higher than the SLV. I've been reading information provided by Sons of Liberty (link provided below) According to these folks, silver is an incredibly undervalued metal and should increase substanially in the months to come. This group goes on to say that silver has been manipulated by a group called "The Pilgrims," for over a hundred years. If this is true, then silver definitely could make some leaps and bounds. I'll confess thay my true intention is to make money purchasing silver. I've bought during the dips and have held onto everything hoping that silver will trade above the $50 high reached back in the early 1980's. It seems like a plausible scenario if you look at the historical data. Furthermore, I've been informed that the banks that hold physical silver are lending it out at a ratio of around 20:1, which makes sense considering the economic collapse of the US banking system during 2008.
