Price of Silver

With my iPhone app for metal quotes, silver just dropped to $32.00 an ounce and continues to drop.

And, in the time it took to PREVIEW this, just dropped to $31.81.  What twist of fate is now happening to us?

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  • Thanks for sharing this information. I think I'll wait until it drops to $25.00 before purchasing any.
  • And thank goodness for the price drop!  I teach a class in Metal Clay and was trying to figure how I could manage to make it affordable with the prices so high!  The change was great timing for my metal clay order, but I, too had just placed a big wire order!  You win some, you lose some.  Oh, well.  :)
  • "Metal Quotes" ap.
  • Hey David, which iphone app are you using?
  • I have a lot of silver that I was going to sell when I got back to Florida.  It was going to finance my art purchases for the winter.  But, this is good news for the jewelers so that is a good thing.  And, the price of gas is going to go down to since oil dropped to $80/barrel so getting to shows won't be so outrageous.

    Little silver linings (pardon the pun) as the stock market tanks.

  • The market analysts today are predicting that silver will drop to 25.00 before it starts going back up. Take that for what it's worth.
  • Thanks Ruth.  I wish I would have saved all those little scraps years ago when silver prices were so incredibly low!  It's amazing how all those little bits and pieces add up.  I have over 1lb that I was going to send to the refinery.
  • Donna - one market we've found for our scrap silver, or to be very specific our scrap fine silver is some glass artists friends.  A couple of the guys we know use it to fume into their glass, we sold our scrap at a higher price than our supplier would give us but at a lower price than they could buy, so it was a win/win for all of us.
  • Been watching the price and it is good because I need to place and order for silver, but I wish I would have sent in my scrap when it was high! 

  • Time to order before the market settles.
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