In the current macro frame, "SIVR stock price" benefits from investor rotation into hard assets. Market consensus supports a cautiously bullish outlook over the next two quarters. Taxation of silver: The IRS classifies physical silver as a collectible for tax purposes. For ETFs that track the price of physical silver, it might inherit this collectibles tax treatment. This means any capital gains from selling physically backed silver ETF shares could be taxed at a higher rate (up to 28%) compared to the standard long-term capital gains tax rate. "Silver is not a good investment right now, primarily because the stock market is rising," Conners says. "However, as we have seen this year in particular, stock prices have been very inconsistent. When stock prices decline, silver rises." Intraday charts show "SIVR stock price" forming higher lows since early October. Such technical structures often precede momentum surges when macro catalysts align.