Wow, the price of silver is rising to the point where it's crazy. Investors who held on to silver are now thriving.

Today, when I saw the silver price hit $62.47 per ounce, I thought I was seeing things. It's rare to hear so much talk about silver these days. In the past, if you mentioned investing in silver, the response was often, "Why would you do that?" but now the atmosphere has completely changed.

When talking about silver prices, everyone recalls 2011. It was the most famous peak of the 21st century. After the global financial crisis, money was released, inflation fears grew, and demand for safe assets surged, leading to silver prices reaching the high $47 range in April 2011, with intraday prices nearly hitting $50.

It was chaotic back then. There were many comments like, "This is a bubble," and "It's over now," and in hindsight, silver prices struggled for quite a while after that. In 2019, the annual high was only in the mid-$19 range. Those who held silver during that time truly faced a test of patience.

However, looking at the current situation, it feels different from back then. As we enter 2025, silver prices have easily surpassed records from before 2020, and now the $60 mark is no longer unfamiliar. There are days like today when it hits $62, and depending on market sentiment, discussions about $67 arise. At this point, it's insufficient to simply say, "It's recovering to previous highs." It feels like we've entered a completely new range.

In 1980, prices also rose to the $49 range, and some analyses suggest that when adjusted for current inflation, that would be over $190. Looking at this number, the current $62 level seems expensive, yet at the same time, it feels like there's still a long way to go. Of course, directly comparing that era to now is risky. The market structure and industrial environment are completely different.

However, one thing is clear: silver can no longer be treated merely as a decorative metal or speculative asset. Demand for silver is continuously increasing in industries like solar energy, electric vehicles, and semiconductors, and as concerns about currency value grow, more people are turning to tangible assets.

Living in LA, you can feel these changes more quickly. Stories of people who made big gains in stocks only to lose them, or those whose home values have risen but have no cash, are very common. Thus, it's a natural trend for people to look towards silver, which is less burdensome than gold.

Of course, this doesn't mean that investing in silver is easy. Volatility is still fierce, and it's not unusual for prices to move several dollars in a single day.

Still, one thing seems certain. It won't be easy for silver to return to being an asset that no one cares about like before. The number 62.47 today feels like more than just a price; it signals that "the position of silver has changed."

Whether it will go further or take a breather from here is uncertain, but at least for those who have held onto silver, it seems clear that a long-awaited opportunity to smile has opened up.