# Silver is a strong buy here

By @goldseek on X · https://f.xyz/t/f0c7546f-9504-4dff-9831-53ca49d6df06

> Silver has limited downside and much more upside, as the cost to mine it keeps rising.

**Result:** If held over the last 3 months (Jul 30, 2026 – Oct 29, 2026): −9.2%. Over the same days: S&P 500 +5.2%, Gold −1.3%.

## What it holds

- **Silver** (100%, −7.4% over 3 months): SILVER (Silver) −7.4%

## The plan behind it

Peter Spina of GoldSeek wrote on 16 Oct that silver remains a strong buy. The cost to mine an ounce is about $25–35 and he expects it to reach $50 and more in a few years, which lifts the price. This holds silver.

> Silver remains a strong buy down here. Mid to long-term, these prices should provide limited downside risks with much higher reward risks.
> 
> Remember that the price of mining an ounce of silver continue to surge. In not too many years, the true AISC will move from around $25-35 currently to $50 and beyond.
> 
> That is the nature of inflation. It drives the price of silver and its extraction coats higher.
> — @goldseek on X: https://x.com/goldseek/status/2111015571248599320

Picked by fxyz from @goldseek’s post.

**What would prove it wrong:** Silver falls toward its $25–35 mining cost.

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