Adding silver using the DCA method
I know plenty of people buy dips and sell on highs but for me, as a fairly new silver collector, I just buy when I have funds to do so. Some months ago, I started to do regular (at least once a month) buys and every now and then there's a bonus buy when I see something I want.
Last week, I had a hunch to check one of the trusted sellers I've been buying from and it was good that I did because now he uploaded plenty of 1 ounce silver rounds while before it was mostly silver dimes and stuff like that. I was hoping that eventually he'd add silver ounces and I got what I wished!
Setting myself a budget for this buy, I picked 4 ounces of silver rounds which I will not disclose here because two of them I bought as a secret Santa optional gift. Of course I don't know who I'll have yet so I might end up having to buy something else but I wanted to try and be prepared anyway.
Picking them up today
Thankfully for me I can admire them today because I just got the notification that the package is ready to be picked up. Yay for me. Even more yay knowing that they already are more valuable today than they were when I bought them last week, lol. Honestly I only noticed this because of the silver gold stackers discord, otherwise I'd not even notice it because of using the DCA method buying silver..
Price in Euros
Below a screenshot I took a few days ago when I read that the price of silver went up, I admit that I never really keep track and just buy when I can. DCA is my way to go currently but that doesn't mean that I don't enjoy seeing the value going up just after I bought 4 oz of silver a few days ago.
Funnily I see the price in Dollars has a spike in there:
Yesterday I decided to take another screenshot to see if the price stayed up:
Finally, today's price:
Nice, it's even better. Feels extra good to pick up my silver order later! Usually I buy one ounce at a time but this time I bought 4 at once so I feel really happy just buying before the rise of the silver price. Can't say I hate what I see lol, but it won't stop me from buying new silver next month either because as I mentioned, DCA it is for me.
Let's see what the price does in the next weeks..
The picture in this post is taken by yours truly.