Historical returns for commodities are terrible.  Especially if you buy at an historically high price like Silver is at now.  Just look at a chart for the last silver bubble in 1980 and you will see what is likely in store going forward.  The volume on the most recent selloff was enormous, smart money has left this trade.  I would suggest staying far away from silver, as it is likely to fall to mid-20's/mid-teens.  I know many silver bugs disagree, but there are two sides to every trade, make sure you fully understand the short silver rationale before you go long.  Silver may or may not bounce up a little more to 40/42 spot, but will likely fall very hard at some point in the near future. 

As for Bitcoins, right now they are a great speculative pick, could easily go up a lot more, but just as easily could crash, very hard, so don't put any money in Bitcoins you wouldn't be fine losing 100% of. 

Right, thank you Tovarisch.  Palladium has been edited into the PM.

Cypherdoc- you are overexcited - beware of that filling - its dangerous.

I am just starting to mine Bitcoins.  I will never sell my physical silver though, unless it was an absoloute emergency.

I don't care what any tech neophytes have to say (I'm a Cisco guy myself), virtual currencies will NEVER replace the exchange of physical medium.  The reasons for this should be quite apparent to all.  Your 3G network can be overwhelmed and shut down.  Your satellite can be shot down.  Your SSB-AM radio signal can be jammed.  Your Blackberry can be dropped in a puddle.  Your Visa and Mastercard can be seized.  Your website can be censored by Google and Yahoo.  Your domain can be seized.

How are you going to stop me from passing a coin to someone?  It really is that simple.

I'm a commodities trader. I have both purchased and sold. I am not a Gold or Silver bug but I do own some of both. I can tell you that there is NO one looking at investing in stocks, bonds, or real estate right now. That only really leaves Bitcoin and commodities. And it's gonna get a LOT worse if QE3 doesn't happen, the jobs numbers today just killed any interest people had in stocks. I'm looking at buying AMD options since they are almost certainly gonna post a gain this year.

Believe me when I say I have no doubt in my mind that silver will hit $100 before our next president is elected.

You like it when the government throws your purchasing power in the trash?

having 3 young boys, my sentiments exactly.

Gold only has value because the Annunaki made us farm it for them eons ago, and as a race we've just never let it go.

Well,  wondering out loud... Silver might have short termed bottom yesterday.

bitwatch, I would tend to agree, next 2 days are critical. a big down day will ruin this price support. Late june is the worst time for silver.