We get asked this constantly. And our answer right now is yes. We believe silver is a good investment in Canada even though the price has gone from around $40 CAD to over $100 CAD in a relatively short period. A lot of people look at that move and think they missed it.
They did not.
Why We Think Silver Is a Good Investment in Canada Right Now
We have been building a thesis around a long-term commodity supercycle for years now. We have been public about it. We wrote about it in our market predictions and we have tracked the historical data across previous cycles in our post on the gold silver ratio. The 1970s cycle. The 2000s cycle. And what we believe is the current one. The patterns are not identical but they rhyme enough that if you study them you start to see where we are in the sequence.
Gold has already gone parabolic. That is what happens first. Silver lags and then catches up violently. The catch-up phase is where the biggest percentage gains come from. Silver going from $40 to $100 feels like a big move and it is. But in the previous cycles silver’s biggest gains came after gold had already made its run, not before. We are at the point in the cycle where gold is leading and silver is following. That is not the end. That is the setup.
Now here is what we expect to happen eventually and we have said this before. When gold goes truly parabolic it tends to mark a top in the broader stock market. What usually follows is a crash. Precious metals sell off too. Everything sells off. Then metals consolidate for a while, could be a few months, could be a year or two, gradually climbing back toward the highs. And then they continue higher for years after that. That is the 1970s playbook. That is the 2000s playbook. We think it is playing out again right now.
The Iran war adds another dimension that most people are not thinking about. Oil production has been knocked offline because of the blockades and the Strait of Hormuz situation. Oil prices have spiked. That spike feeds directly into inflation which is why the Fed just held rates at 3.5% to 3.75% and is only projecting one more cut for all of 2026. The Bank of Canada held at 2.25% the same day. Both central banks are stuck because oil is clouding the inflation picture.
But when the war ends and oil normalizes, the pressure on rates eases and central banks can start cutting again. That is bullish for metals. And here is the thing nobody is talking about. The oil that got knocked offline during the war means that when the real demand cycle kicks in later, supply is tighter than it would have been. Commodity prices end up higher from a higher starting point. The war is not ending the cycle. It is adding fuel to it.
Meanwhile the Canadian economy is weak underneath all of this. GDP contracted 0.6% in Q4 of 2025. Unemployment hit 6.7% in February. Job gains from late last year were reversed in the first two months of 2026. We wrote about the broader trajectory of debt and institutional trust in Canada and why that environment historically pushes people toward hard assets. Silver is not just a commodity trade. For a lot of Canadians it is insurance against a system they are losing confidence in.
So when someone asks us whether silver is a good investment in Canada right now, we say yes. Not because the price went up. Because we think the forces driving it higher have years left to play out.
Why Physical Silver and Not Paper
When people are thinking about whether silver is a good investment in Canada, they usually ask about ETFs. We always steer them toward physical.
An ETF is a paper claim on silver that someone else holds in a vault you will never visit. A mining stock is a bet on a company that might mismanage its operations, dilute its shares, or sit on a deposit that never gets built. Futures are leveraged contracts with expiration dates. All of those carry counterparty risk. Physical silver does not. You own it. It sits in your safe or in a vault with your name on it. Nobody can default on it.
There is another reason we have been thinking about lately and it is one that most people in this space have not caught up to yet. AI is getting powerful fast. There was a recent report about an AI model considered too risky to release publicly because of what it could do. When you start thinking about what that means for anything that lives online, brokerage accounts, digital wallets, financial platforms, the risk profile shifts. Physical silver stored in a vault that nobody knows about has no login. No password. No digital trail. We are going to write a full article on this because we think it deserves its own deep dive. But the short version is that in a world where AI capabilities are outpacing cybersecurity, owning something physical is not a fringe idea anymore. It is practical.
How to Start Investing in Silver in Canada
Canada is one of the best places to do this. Investment grade silver is GST/HST exempt which saves you 13% in Ontario right off the top. The Royal Canadian Mint produces the Silver Maple Leaf which is .9999 fine with security features that make it one of the hardest coins to counterfeit. You buy from a Canadian dealer, you avoid cross-border fees and currency conversion. And when you want to sell, the infrastructure is here. We buy back silver at market rates and so does every reputable dealer in the country. Silver bars and silver coins from recognized mints move quickly in this market.
You do not need to go all in on one day. That is not what we tell people. Dollar cost averaging is how most of our long-term customers build their positions. Buy some now. Buy some next month. If it pulls back you buy more at a lower cost. If it keeps climbing you already have exposure. Over time the average works in your favor and you do not have to stress about picking the perfect entry.
If you are wondering how much to hold we wrote about that in how much silver you should own. If you are deciding between silver and gold, read our silver vs gold breakdown. And check the live silver price in CAD to see where spot sits today.
We are not financial advisors. We are dealers who follow this market every day, put our own money into it, and share what we think openly. We have been wrong before and we will be wrong again at some point. But on the question of whether silver is a good investment in Canada right now, our answer has not changed. We think the cycle has years left. We think the pullbacks are part of it. And we think the people who are building positions now are going to be glad they did.
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