Silver, 1 troy ounce, in dollars, adjusted for inflation (M2 adjusted):
Silver, 1 troy ounce, in dollars, adjusted for income and inflation:
It looks like the silver was heavily overpriced around the year 1980. Then it was loosing the value for another 20 years until its value reached the bottom in the year 2003. Gold as investment looks a little bit better. But don’t forget that silver in the year 1971 lost its main purpose which was the material for coinage. Once the money printing scam ends it will become much more valuable I think.
Note: In the year 1980 there was an extreme short term spike in silver price reaching 48 dollars per ounce. It is not visible in the chart, because I use annual data (of the last day of the year). But the long term trend is clear and unaffected.