One more comment. I haven brother who loves buying actual silver and he was loading up at 26 -27 area. He already had quite a stash... Some he paid as little as 9 bucks an ounce for so his average is pretty low. Makes me jealous...LOL.
Wow 9 bucks...getting some down there can really lower cost averaging. I got into the Ebay action, and made some good connections there. Some guys over there are running round the clock operations. A few months ago, I was bangin' it pretty good on Aapl options, then turn and buy some rolls of Silver Eagles with proceeds. Stuff adds up !!!
I did the Gld for a short while...bought it too high. It had dropped off, then came back over my Cost basis, so got out for a while. I was pretty new to the ETF side of it, but will try again later for doing Calls and such.
Been doing the physical on Silver...different and kind of fun. That stuff gets heavy after a while...lol