Silver is on the Move… Is Now the Right Time to Sell Silver?

Out of all the precious metals, gold often steals the headlines due to its high demand and value. However, in July 2020 there has been a surge in the demand for silver, pushing the metal’s price to its highest level in recent times. So is now the right time for you to sell silver?

Why is there a rise in demand for silver? 

As reported by the Wall Street Journal, silver prices have soared 66 per cent since their lowest point in March 2020, priced at $19.50 a troy ounce in New York. Experts believe that the silver market will explode at any minute. So, what has caused this rise in demand? 

There are various factors that have contributed to this rise in the silver price. A historically high number of physical silver purchases made through exchange-traded funds (ETFs) have been recorded throughout the last few months. Not only is silver generally seen as a good investment, particularly during an economic downturn, it is also very much in demand as an industrial metal and acts as a vital component in the creation of batteries, thermal and electrical conductors and technology devices. 

Following the relaxation of lockdown restrictions, the industrial sector has been able to reopen factories and begin the return to pre-lockdown production levels. It is therefore unsurprising to see the increase in demand in conjunction with the economic downturn and the recent increase in industrial production levels. 

A golden opportunity? More like a “silver” opportunity

There is no telling how long this increase in demand will last, so capitalising on this seemingly unique opportunity shouldn’t be missed. 

Whilst a collection of old gold watches or jewellery could be sold at a sufficient price (depending on the carat and weight), it is important to note which silver items are most valuable and worth selling. Most pieces of silver jewellery are typically plated, meaning that they would need to be melted down and refined before they could be repurposed as a silver coin, bar or other pieces of jewellery. This added labour has an impact on the resale value, causing it to be substantially lower than solid silver items.

Even those that aren’t plated are in such small volumes that they will not often secure you a worthwhile value when it comes to selling. 

However, if you’re in possession of larger silver items, such as silver bars and silver coins, selling your silver does pose an opportunity worthy of being explored. 

These larger items can secure you a decent resale price in line with the market silver price. 

Selling silver with Cash For Your Gold

Don’t overlook scrap gold companies like us if you are looking to switch up your portfolio and explore new opportunities by selling silver. 

With over 25 years’ combined experience in the precious metals industry, Cash For Your Gold offers competitive market rates for silver, gold and other precious metals. Our Silver Scrap Calculator can give you a valuation in minutes; all you need is the weight and purity to determine a price.

For more information about capitalising on your scrap silver, drop us a message or give the Cash For Your Gold team a call on 01902 623 253 today.

Spring-Clean for Scrap Gold!

Spring 2019 officially starts on 20th March. If you have gold that you wish to sell for scrap, what better time than now to sell it and make a tidy profit?

Cash for Your Gold bases its prices on the London Gold Fix Price, updated regularly, to reflect the ever-changing price of precious metals – so you’ll always get an honest deal if you bring your scrap gold to us!

Scrap gold in all shapes and sizes

Whether you hold old, damaged or unwanted jewellery, or even come to own unwanted gold dental crowns, Cash for Your Gold will be happy to help you.

Have you come across unwanted gold items after your spring clean? That’s not a problem. Whether you are holding pure gold, gold jewellery including white or rose varieties, at Cash for Your Gold we are keen to buy your unwanted gold.

In fact, many items that turn up in a routine spring clean are worth a considerable amount. Whether you’re holding broken chains, watch cases or old lockets handed down to you from a relative, you’ll be surprised how much these items could be worth in real money.

Dedicated scrap gold buyers with years of experience

Cash for Your Gold can claim over a quarter of a century’s worth of experience in the precious metals industry, and we’ve built a reputation as one of the most trustworthy scrap gold buyers in the UK. Check out our testimonials from past customers who gave us their seal of approval.

Using our handy scrap gold value calculator, you can receive a quick and simple valuation of any scrap gold you own right at your fingertips within a matter of seconds. All you need to know is the carat or purity of your gold, and the weight.

If you’re unsure about things like purity or weight, you also have the option to send your gold to us for professional and secure analysis, so you know exactly how much you’re looking at if you sell up. We can even allow you to watch the weighing process over video call, to give you peace of mind.

When performing our evaluations, we ensure that non-destructive methods are used to determine the purity of any gold you send to us. But if you still have your reservations, don’t hesitate to get in touch and we’ll explain the whole process to you.

Respectable prices for your scrap gold

Cash for Your Gold offers you good gold scrap prices, in line with the changing value of the London Gold Fix Price on the open market. Our prices depend on weight and purity. Remember, the greater the carat or purity, the higher the estimated value.

Right now could prove to be an interesting time to sell your gold. The metal remains at elevated levels in comparison to the period before the financial crisis. Basically, this means you can expect your scrap gold to be worth significantly more than it would have 20 years ago.

Easy transfers, suited to your needs

We understand the risks involved in transferring any quantity of precious metals that could have a significant value. That is why we request that you contact us by phone or email, if you believe you have scrap gold with a likely value of £2,000 or more. This allows us to arrange the safest way of ensuring your scrap gold gets to us with no drama. If you’re in the area, you’re welcome to visit us at our HQ in Wolverhampton. All you need to do is book an appointment to avoid any delays. And if you wish to get in touch for any other reason, just drop us a call or send us an email and one of our friendly staff will happily help.