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Time To Buy Silver
23 July 2026Gold Krugerrands have been the world’s most sought after gold coin since its launch on July 3, 1967. It was the world’s first gold bullion coin. Globally, about 60 million of these coins have been sold. The launch price was about R25.00. Today a gold Krugerrand sells at R75800.00. They have become very expensive.
In order to give investors a cheaper option the South African Reserve Bank decided to launch a 1 oz Silver Krugerrand in 2017 as a commemoration coin for the 50th anniversary of the Gold Krugerrand. The first normal 1 oz silver Krugerrand was launched in 2018. The price was between R758.00 and R850.00 per coin.
In the graph to the right we can see the silver price movement over a number of weeks. I have always said, when the price starts to run it will run hard. I also warned that stock will dry up and it did exactly that. During January, February and March you could not get any silver Krugerrands anywhere. The silver price shot up from $34.81 on 01/10/24 to $121.65 on 01/01/2026. It subsequently fell back to $54.77 caused by a massive manipulation by big banks. I do believe we have now started the next up wave in the silver market.
The silver price has now got the potential to go back up to $121 and beyond. Together with the fact that there is a huge physical short supply at the moment in the world. This cannot be fixed by the mining industry as all the silver they mine are already sold even before it comes out of the ground.
The following article by Nomi Prins should be taken notice of by all investors. She is an American, author, journalist, economist and public speaker of note. You can see her latest article on silver here which makes for good reading. She is looking at a price of around $180.