There was a small run on silver recently. Unfortunately (or fortunately), the price pulled back soon after the hype. I was able to get my hands on some generic bars as well as some fun items.
I thought it would be fun to get some of these Tetris-themed silver. I might still be missing a piece or two in the set since I didn't have enough room in my budget. There's always another month. These are Niue 1-oz $2 silver "coins" according to designations on APMEX.
I find the precious metal market funny at times. Much of the selling pressure came when China revealed they did not purchase gold in May. If that were true, the buying pressure from other sources proved more than enough to drive the market. But no, people fled from metals despite other central banks never stopped buying.
It's okay. A pullback means small retail buyers like me get some breathing room before the next leg up. I don't see myself liquidating the metals into fiat, so the price ultimately only affects how much I could get with the same amount of USD.
In the meantime, it looks like crypto is experiencing the same slump. I'm not complaining. I'm all for DCA-ing at a lower price point. Although, I am unsure how much the upside will be this time. I guess time will tell.
Until then, keep on stacking! Don't invest what you can't afford to lose.
As usual, this is not financial advice.
