New Delhi, Jan. 26 -- Berkshire Hathaway 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 Berkshi...