The goal in life—and in markets—is simple: buy low, sell high.

In the firearms world, that rule applies just as much to ammunition. During the Covid panic between late 2020 and 2021, many buyers paid top dollar for 9mm and .223 rounds. 

Today, the market has swung in the opposite direction: Oversupply has pushed ammo prices back to early pandemic levels. However, the lingering question is: Will these low prices be sustained?

A geopolitical flare-up could send prices soaring, or manufacturers might scale back production, tightening supply and driving prices back up. Or trade war uncertainty on primers could spark a disruption.