Silver continues to rally after a short period of falling prices. The price of silver keeps rising and has passed £800 per kilo. High silver prices may be good for city traders and investors but not so good for the jewellery market. Recent figures from the UK Assay Offices show a steep decline in the number of silver articles being hallmarked. While silver prices continue to rise the retail prices of silver jewellery will increase putting more pressure on retailers.
Here at Silvertime we are committed to reducing the effect of high metal prices. We are consistently absorbing the price increases and only increase prices when we really have to.
What will happen in the future?
It is likely silver will continue to rise and stay high, just like gold, for some time to come. We will soon be offering a silver buying service, giving our customers the opportunity to trade unwanted or scrap silver jewellery for a generous credit against future purchases, more news of this exciting new service to follow shortly