Why are Silver Prices on the Rise?

We have been receiving a lot of questions about why the prices on our silver products are going up. Tawny, our customer service manager, has the answers! Here’s her explanation for what’s happening with silver right now:

Silver prices rise and fall with the market value similar to gasoline prices, and they are currently on the rise.

When I first started working here in the fall of 2003, silver was around $5.00 dollars an ounce. Since then it has risen to $35.00 an ounce! In the last six months alone, silver has risen $13.00.

Graph of Silver Prices from 2000 to 2011

Because of this, it costs more for our vendors to manufacture the products and for us to purchase them. We have worked very hard to keep our prices low, but as you can see silver has continued to rise steadily over the last several years.

Customer Service Manager

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