Silver prices have recently topped $25 per troy ounce. It wasn’t so long ago that silver traditionally traded close to $6 per troy ounce.
Like all free markets, the price of precious metals is based on supply and demand. And while the jewelry industry actually uses a small percentage of the worldwide silver demand, we feel the crunch of rising prices as hard as anyone.
We’re going to use the Studio to start a dialogue on the price of silver in the upcoming weeks. In the meantime, please tell us in the comments section how the price of silver is affecting you and your business. How are you adapting?