Silver, your price is killing me!

These days, it is hard to bite the bullet and buy much needed silver supplies. Why, you might ask?

Well, in the summer of 2010 I made a small order and I thought that the price was steep at about $18/oz. Today it rests at $30.9/oz. YIKES! Curious, I looked into the 10 year prices. It seemed to stick near $5/oz until 2006 when it started a gradual increase.

Looking at the 34 year prices I saw that in 1981 silver hit an all time high around $50/oz. But, over all it was a sharp increase up and down...these days the prices seem to be steadily increasing.

So now I'm in a pickle...do I wait to buy and see if prices go down? Or do I resupply now and risk paying at a peak. What are your thoughts? Anyone know anything about precious metal markets?