Silver’s Epic Run
Silver has been on an absolute tear. As of January 19, 2026, spot silver sits around $93–94 per ounce, up over 200% from lows just a few years ago and smashing through the old nominal highs from 1980 and 2011.

Silver’s Epic Run
Social media is buzzing—$100 feels inevitable, $200 is the new target for some, and a few bold voices are even calling for $500. It’s exciting, and the fundamentals (industrial demand, supply deficits, safe-haven buying) give bulls plenty of ammo.
Silver’s Epic Run
But history has a way of repeating its lessons, especially in commodity bull markets. When everyone believes “it’s different this time” and the price will only go up forever, that’s often the exact moment smart money starts ringing the register.
Let me show you what I mean with two classic examples:
- The 1980 Hunt Brothers mania Silver rocketed from under $10 in 1978 to a peak of nearly $50 on January 21, 1980—a 400%+ gain in under two years. The story was perfect: billionaires cornering the market, inflation raging, geopolitical chaos. Many thought it would keep climbing forever. Then came “Silver Thursday” (March 27, 1980). Prices collapsed over 50% in a single day, and by year’s end silver was back under $11. Anyone who didn’t take profits near the top watched most of their gains evaporate.
- The 2011 post-GFC/QE surge After the financial crisis, silver exploded from $15 in late 2009 to an intraday high of $49.81 on April 28, 2011—over 230% in less than 18 months. Quantitative easing, fears of currency debasement, and speculative fever drove the rally. Plenty of folks were calling for $100+. The correction hit fast and hard. By December 2011, silver had lost over 40%, and it spent the next decade grinding lower, bottoming near $12 in 2020. Those who sold portions near $40–45 locked in life-changing gains; those who held waiting for triple digits are still waiting.
We’re seeing similar euphoria today. Analysts’ 2026 forecasts range widely—from Bank of America’s average around $56 (with peaks possibly $65) to ultra-bullish calls for $135–300 or even higher. The truth is no one knows exactly where this cycle tops.
But here’s the common-sense takeaway I’ve learned from decades around precious metals (and prospecting gold myself): Bull markets are staircases up and elevators down.
When you’ve doubled or tripled your money, there’s zero shame in taking some off the table. Sell a portion to cover your original investment, bank some profit, or even rotate into physical gold or mining shares. You can always buy back on a dip—and there almost always is a dip after parabolic moves.
Enjoy this incredible silver run. Stack if you believe in the long-term story. But don’t let greed turn paper profits into real losses. History shows the smartest moves often happen when everyone else is shouting “to the moon.”
What do you think—have you taken any profits yet, or are you riding it all the way? Drop your thoughts in the comments.
Disclaimer: This post is for informational and entertainment purposes only. It is not financial, investment, or legal advice. Precious metals prices are highly volatile and can change dramatically. Past performance does not predict future results. Always do your own research, consult a qualified financial advisor, and never invest more than you can afford to lose. The author is not responsible for any decisions based on this content.
Silver’s Epic Run
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High Grade Silver Ore Slab

silver slab – example only
Nice sawn vein specimen of fresh, unaltered high grade silver ore from the world-class Cobalt Ontario deposits. Sawn on one side only. The deposit was described in Mineralogical Record, Volume 43, Number 6. In general, veins are predominantly composed of carbonates (calcite and/or dolomite) with arsenides and sulpharsenides of Co, Ni and Fe with native Ag and Bismuth. Most of this material has been squirreled away in collections by now, although specimens do occasionally come to market.

There are a few of these silver slabs available. The very bright silver really makes this piece stand out, but, unfortunately makes it all so hard to photograph. As an example the one pictured above is 66 grams for $85.

Silver, Bornite
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Avon Gold Rush Collectible stein


1987 8 1/2” tall San Francisco Gold Rush Handcrafted in Brazil for Avon. Each one of is individually numbered (#32017) this is the last one. $35.
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All the items shown here are very limited and subject to prior sale without notice.
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Also see the most expensive type of gold nuggets, the Crystalline Gold Nuggets

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