0:00.0	Welcome to Money for the Rest of Us.
0:03.6	This is a personal financial show on money, how it works, how to invest it, and how to
0:08.2	live without worrying about it.
0:09.8	I'm your host, David Stein, today is episode 330.
0:13.5	It's titled, Should You Buy Silver?
0:18.1	Yesterday, silver prices hit the highest level in 8 years, to over $29.50 per ounce.
0:28.2	The London Boyan Market Association, which oversees the silver market, said that more
0:32.8	than a billion ounces of silver was traded yesterday.
0:36.4	That's three times greater than the average from the end of 2020.
0:41.4	Ken Lewis, CEO of App Max, which is a dealer in precious metals, coins, boyan, bars, said
0:50.3	yesterday on Bloomberg TV that they had more volume in silver sales in the past three
0:56.4	days than they had all of December.
0:59.2	And 43% of those orders were from new customers, where typically it's only 14 to 20% of orders
1:07.5	in a given day are from new customers.
1:10.8	Adrian Ash, who's the director of research at Boyan Vault, which also sells silver
1:16.0	boyan, said they had more customers yesterday than all of last February.
1:22.0	Why is there this sudden interest in silver?
1:26.4	Last week, we discussed Wall Street bets, the subreddit, and what was driving the price
1:31.8	of GameStop and other meme stocks.
1:35.8	There were some posts last week on Wall Street bets about silver being the biggest short
1:41.1	in the world.
1:42.1	But there's posts on all different types of topics.
	...

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