I bought both silver and gold back in 2005 at $6.50 and $420. At one point I was about 80% silver and 20% gold. I sold out of all almost all my silver, I'm about 95% gold now.
When I bought years ago, I was a little naive about the PM markets. Today, I wouldn't buy any silver because the price of silver is too volatile, and can be manipulated. I would still buy gold now, but I plan to sell within the next 2-3 years.
For anyone considering buying silver, make sure you have an understanding of selling it. I got out of silver because I found out that you'll lose a considerable amount of money when you try to sell silver (in addition to taxes). What do I mean, check out this site:
http://www.coinflation.com/coins/1921-19...Value.html
The current melt price for silver is $36.10. Dealers are currently paying
$32.40.
http://www.apmex.com/Category/17/90_Silv..._Bags.aspx
If you're looking at buying eagles, they are currently selling for $52.65, but buying back at $48.56.
http://www.apmex.com/Category/160/Silver...Prior.aspx
So when the time comes to sell silver back, you lose money. Also, buying at $52.65, you're essentially buying something that is only worth $36 on the open market price.
Compare that to gold, where spot is 1507.70 and the buy price is $1,546.50.
http://www.apmex.com/Category/290/Gold_E...Prior.aspx
Dealers will consistently buy back silver at a lower price, but buy back gold at a higher price. For those who think gold is too expensive per oz. Look at buying the smaller denominations 1/10 oz for example.
With any investment, I wish you all good luck!