Here are a few snippets from Barron's on Buffett's past silver purchase:

Chairman Warren Buffett is a longtime student of the silver market. The company made a sizable investment in silver in 1997 and 1998 when the metal was around $5 an ounce.

The company purchased 129.7 million ounces of the metal, but sold out of the position within a decade at an unspecified profit.
That holding now would be valued at about $13 billion with silver trading at $100 an ounce. Silver has tripled in price over the past year, including a 40% gain so far in 2026.

Buffett had followed the silver market for decades before the company purchased the metal in 1997.
“I bought it very early. I sold it very early. Other than that, everything I did was perfect,” Buffett said at the 2006 Berkshire annual meeting. “I was the silver king there for a while. We did make a few dollars on it. But we’re not good at the game of, when it gets into the speculative area, figuring out how far a speculative boom will go.”

Berkshire Vice Chairman Charlie Munger marveled at the 1998 annual meeting about Buffett’s investment breadth, insight, and patience.
“Think of the discipline it takes to think about something for three or four decades, waiting for a chance to employ 2% of your assets.”

barrons.com - Berkshire hathaway silver investment sold buffett

Not sure if the link above is behind a paywall or not or if the link below to a Barron's webinar today at noon on Berkshire After Buffett is available to all, but thought I would share for all those snowed in ;-)

bigmarker.com - What to watch in the markets this week