I'm getting crushed on my silver holdings, anyone else?

Matthew Murphy

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I'm getting crushed on my silver holdings, anyone else?

matthew_murphy👑Elite (1m-5m)

about 2 months ago

Key Takeaways

•I’ve been watching my silver stack carefully over the last few months, and frankly, it’s not pretty.
•I’m talking about 25% of that $800k.
•My thinking was that silver had more upside potential, being an industrial metal and all, but man, it's been a tough ride.

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I’ve been watching my silver stack carefully over the last few months, and frankly, it’s not pretty. I basically cashed out of my tech startup back in 2021 before the market went completely sideways—thankfully—and parked a good chunk of that, about $800k, into precious metals, mostly gold, but had a decent allocation to silver too. I’m talking about 25% of that $800k. My thinking was that silver had more upside potential, being an industrial metal and all, but man, it's been a tough ride. I'm down probably 15-20% on that silver chunk.

I’m based here in Dublin, Ohio, and most of my friends are still riding the tech wave or VCs, so they just don't get the appeal of physical assets. They’re all about growth stocks and crypto. It’s hard to justify looking at my silver statements right now when they’re bragging about their latest AI play. Don't get me wrong, my gold IRA has been a solid performer, providing that stability I was looking for, but the silver… it’s eating at me a bit.

My original strategy was to hold silver as a hedge against inflation and a potential industrial boom, figuring it would eventually catch up with gold or even surpass it percentage-wise. I’m not exactly hurting, with the rest of my portfolio doing well, but seeing that much capital just… stagnate, or even drop, is frustrating. I had visions of silver hitting $50 or more, and now I’m just trying not to check the spot price daily.

Has anyone else been in a similar boat with their silver holdings recently? What’s your strategy now? Are you holding firm, buying more on the dip, or considering diversifying out of silver and into something else? I’m genuinely curious if others are seeing the same thing and what their long-term outlook is. Is it just a waiting game, or is there something fundamentally I’m missing?

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6 comments

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Best Answer▲ 19 upvotes

michael_anderson🏆Advanced (250-500k)

Man, I feel that. Silver can be a wild ride. I'm sitting on a pretty good stack of gold myself, mostly from converting an old 401k a few years back – almost 300k now, originally from my old finance gig here in Chicago. My biggest concern lately isn't the current dips, but future RMDs. If you're near retirement, the RMD Calculator is super helpful for planning that out. Made me realize I need to diversify a bit more outside the IRA.

Comments (6)

karen_robinson💼Starter (0-50k)•about 2 months ago

Ugh, tell me about it. I went pretty heavy into silver in 2020 thinking it was a surefire hedge against inflation. For a bit, it was great, but the last year and a half has been a real gut punch. I'm just trying to hold on and hoping for a rebound at this point.

steven_mitchell🏆Advanced (250-500k)Real Investor✓ Verified•about 2 months ago

Hey, I hear you on the silver. It's been a rough ride lately. You mentioned cashing out of a tech startup in 2021... was the "good chunk" of that specifically diversified into other assets besides silver, or did a large portion go directly into precious metals then?

elizabeth_johnson💰Established (100-250k)Real Investor✓ Verified•about 2 months ago

Honestly, I've been feeling the complete opposite. My gold holdings have been a steady ship in this choppy market, and even some of my silver is doing alright, especially the numismatics. Maybe it's less about the metals themselves and more about *when* you bought in? Or perhaps the specific types of silver you're holding?

ruth_perez📊Growing (50-100k)•about 2 months ago

Hey, I hear you. Silver's been a bit of a wild ride lately. One thing I always tell people, especially when they're feeling the pinch, is to check out the Silver Institute's annual reports. They provide some super in-depth analysis on demand, supply, and price forecasts that can sometimes offer a clearer picture beyond the daily fluctuations. Might be worth a look to help put things in perspective!

nancy_hall💰Established (100-250k)Real Investor•about 2 months ago

Man, tell me about it. I put about 30k into physical silver back in 2021 when everyone on FinTwit was screaming "silver squeeze." Thought I was a genius at the time, seeing those initial jumps. My wife, bless her heart, kept saying "don't buy into the hype," but I was convinced this was *the* moment. Now those same bars are sitting in my safe deposit box here in Tampa, looking a lot less shiny than they did on delivery. Every time I check the spot price, I just sigh and remind myself it's for 'long-term hedging,' not a get-rich-quick scheme. Still stings though. My gold holdings in the IRA are doing great comparatively, makes me wish I'd just stuck to that 90/10 split instead of going 70/30 for a minute.