The price of silver has just skyrocketed in the past few weeks.
Looking at the price per gram in which I purchase my supplies, I calculated that if it were to continue at this rate, a bracelet made at the end of the year will cost $50 more in raw materials than it would if made now. $50! I can't sustain that, and I'm sure most of you out there wouldn't see the value in it. I'd like to say "surely it can't continue like this", but I'm afraid I don't have history on my side.
“The silver price has bounced 27% since January 28, a huge advance for a measly 16 trading days. It's already soared past its 2010 high and was selling for less than $16 this time last year, a double in 12 months” Jeff Clark, Silverseek.
Will this push the price of Sterling Silver jewellery out of the reach of the average person? Is it time to look at base metals, such as copper, brass and bronze? These are now becoming more popular, driven by necessity based on the price of silver. What are your thoughts?
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