Silver Has Now Corrected As Much As It Did in the 2008 Financial Collapse
October 31, 2026
As of October 31, 2026 silver has now corrected the same amount as it did in the 2008 financial collapse. This is as good a time to buy or add to metals and minors as any, which is what I have done. For now, I am focused on the mid-caps that comprise the SILJ with names such as CDE, AG, HL, SVM, AYA, and EXK. I have also added to some miners that are not paying attractive dividends, like SBSW and FRES.L
Nobody knows when the exact bottom will be put in, but these are the times to buy heavy. Miners might drop further now that the stock market, especially groups like semiconductors, have really weakened, but the miners will be the first group to fly off the bottoms. With an almost equal decline as 2008 already behind us, it won’t surprise me to see the miners and metals find a floor soon, and even work higher as the stock market continues to slide.
I have also added to my uranium stocks, though will admit they have continued to be weak. I’m, not worried there either, as we only have .65% total risk to the portfolios thus far in the group. I will continue to buy these as well, though my focus remains on silver, silver miners, gold miners, and gold, in that order.
