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The average annual silver price rose 25% through the first six months of 2025, closely following the average gold price, which increased by 26% during the same period. 

Gold is up 26% so far in 2025, down slightly after reaching a new all-time high just above $3,500 in April. It rose 27% in 2024, its biggest annual gain since 2010, driven mainly by central bank gold buying. But this bull market is just getting into full swing. And individual investors are starting to wake up...

You bet they do!

If you've been waiting for silver to show signs of life, the signs could not be more clear than right now.

Gold spot prices have fallen to just above $3,300, down early this week after dipping slightly (just 0.1 and 0.2%) in May and June. The Independence Day holiday meant that U.S. financial markets were closed Friday, and a delay in trade negotiations has also lessened haven demand for gold. The Trump administration announced the possibility of tariff reprieves for several countries, leading to a longer negotiation period over tariffs.

In numismatics, there is a strong tradition of set-building. Collectors often have the goal of assembling interesting, themed and relevant groups of coins such as buying one of every date, design type and mintmark. The basic concept is to establish a collecting objective and work towards completing it. Owning a complete set increases the value of coins compared to owning individual coins.
 
Some series are better for set-building than others. Some coinage series are filled with key dates that are difficult to find and prohibitively expensive. For instance, it is currently impossible for a collector to build a complete set of Three Dollar gold pieces because the unique 1870-S is impounded in a museum. $20 Saint-Gaudens Double Eagles are another example. There are at least 10 different dates that cost well into five, six, or even seven figures. A complete set can be assembled, but it would require a massive budget.

The $2.50 Indian is the only United States gold series that can be affordably completed.

Whether it’s the record-breaking rise of gold in the ongoing bull market, the recent 13-year highs in silver, the wild rise and fall of palladium, or the current comeback rally in platinum, it pays to pay attention to precious metals.

Did you know that platinum prices are up 44% this year?

Aside from questions about the differences between owning mining stocks and exchange traded funds versus physical gold ownership, confiscation is probably the most-asked question I hear from clients and prospective clients.