WARREN BUFFETT'S SILVER RETIREMENT
What everyone in the media and social media missed this week
ISN’T IT FUNNY THAT THE SAME WEEK WARREN BUFFETT RETIRED SILVER SURPASSED ALL TIME HIGHS
WHILE WARREN BUFFETT IS FAMOUS FOR HATING GOLD AND BITCOIN, HE LOVED SILVER.
And nobody says a word.
Nobody.
Not the anchors.
Not the macro geniuses.
Not the guys who connect dots for a living unless the dot is Taylor Swift or Nvidia.
(or the ones you don’t begrudge $5 for a subscription)
Which tells you everything you need to know about how fake this conversation is.
Because if this were Bitcoin, we got the old men of BTC.
If this were AI, they’d call on Jensen to make a statement.
If this were gold, they’d wheel out Peter Schiff and some Hedge Fund types.
But silver?
Silver’s awkward.
Silver’s embarrassing.
Silver reminds people that they have ignored something for too long.
So we pretend the timing is random. But it sure as hell not.
Warren Buffett “loved” silver not for its precious attributes but for its productive ones and the usually limited supply.
Silver is an amazing industrial commodity that plays the role of a movie star.
It’s like Norma Jean and Marilyn Monroe packed together
(For those not in the know, Norma Jean was Marilyn Monroe before she changed her name, looks, and location for eternal stardom)
He didn’t romanticize it.
He didn’t tweet about it.
He didn’t talk about it like it was going to save the soul of America.
But he made money on it. Yet we only talk about his famous stock investments.
In my world, Silver is a brand name just like Coca-Cola.
The fundamentals are kicking in fast and furious now:
Industrial demand higher than mine supply.
China export bans.
Recycling not closing the gap.
That’s it.
No inflation hedge nonsense.
No apocalypse porn.
Just imbalance.
And when he bought it in size, people lost their minds — not because he was wrong, but because he asked for delivery.
That’s when markets get nervous.
Not when you talk.
When you show up and say, “I’ll take the thing.”
In London, in Chicago, in Hong Kong
Now fast-forward.
Just like every investor can attest, sometimes your favorite investment you are entirely out of.
Ironies of ironies. He leaves on the pinnacle of success and yet…
That Rio Tinto won’t be his.
Silver finally stops pretending it’s a museum exhibit and starts acting like a commodity again right at the end.
And what do the experts do this week?
They talk about everything except the obvious.
They’ll analyze sentiment.
They’ll analyze China.
They’ll analyze vibes.
They will not say:
“Isn’t it interesting that the guy who treated silver like a boring math problem leaves the building right when the math finally forces the price higher?”
Because that would require admitting they ignored it all this time.
They don’t cover what they don’t understand.
They cover what fits their worldview.
Silver doesn’t fit.
Silver isn’t cool.
Silver isn’t new.
Silver doesn’t flatter the ego.
So it gets silence. Just not the price action.
Here’s what really drives people crazy.
Silver is a firecracker. A wound coiled spring.
Which means when stress shows up, silver doesn’t need belief — it needs availability.
That’s why it moves before headlines catch up.
That’s why everyone’s shocked again.
But let’s be very clear.
Silver ripping by itself?
That’s not the bull market.
That’s the knock on the door.
A real bull market is when the miners stop being jokes.
When capital says,
“Wait, these guys are actually going to make money?”
When balance sheets matter.
When production gets priced properly.
When CEOs stop apologizing for existing.
That’s confirmation.
Silver leads.
Miners validate.
If miners aren’t moving yet, congratulations you’re early.
If miners are flying and silver’s still moving, congratulations
now you’re in something real.
The point isn’t history repeating.
The point is recognition.
Buffett already told you how he thinks.
He waits for imbalances.
He waits for neglect.
He waits for things people are tired of explaining.
Silver fits that template uncomfortably well.
What’s actually happening right now isn’t nostalgia.
It’s embarrassment.
The same people who ignored silver for decades will explain it later like it was obvious.
They’ll say the signs were there.
They’ll say the move makes sense.
They’ll pretend they weren’t laughing five minutes ago.
So no, this isn’t about sentiment.
It’s about timing.
The most famous investor alive quietly leaves.
The most ignored metal finally asserts itself.
And the loudest people in the room suddenly have nothing to say.
That’s not coincidence.
That’s how cycles change. We may have just witnessed a paradigm shift between eggnog and telling Aunt Sally’s you liked the sweater she made for you.
Silver doesn’t care who retires.
It doesn’t care who believes.
It doesn’t care who’s comfortable.
It leads.
Miners confirm.
Experts explain it later.
That’s the order.
And if that annoys you?
Good.
It means you’re finally paying attention.
Have a great Sunday
Eric
For subscribers, I share a great video on Buffett describing his analysis of Silver.
I outline a calm way to approach silver now that it’s no longer being ignored, along with a follow-up on building a simple portfolio for the coming year.
When I started covering silver, it was significantly cheaper — and consistency matters more than excitement if you actually want to get where you’re going.
Investing is the easy part.
Waiting is what people never master.
That’s what the $5 is really for.
