Wednesday, December 7, 2011

The Rising Cost of Silver

Why do I offer plate AND sterling? As a buyer not everyone pays attention to commodities. Sterling silver is standing toe to toe with gold and the prices have risen MUCH faster than that of gold. This past year has seen silver prices upwards of $40 troy an ounce. For the non lingo speaking here are some stats:

2005-$6.65
2006-$7.31
2007-$13.38
By 2010 it fluctuated between $17.77 and $30.60

 
So we jewelry makers are paying a high cost for this beautiful metal. Some buyers are finding themselves with sticker shock. The good news, is you're silver is worth a mint!

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