Much has been said in recent months about the profitably of selling scrap gold, and it’s no surprise – gold scrap prices are hitting almost unprecedented levels, and anyone with a bit of scrap gold lying around has been cashing in.
But have you considered what a golden – or should we say silver – opportunity it would be if you happened to find some scrap silver lying around, too?
Scrap silver is poised for a rally
The prices of gold and silver historically rise in tandem, but the price of silver has been unusually disconnected from gold since 2011. Prices for scrap gold have been generally stable over the last eight years, but silver prices have more than halved since peaking in April 2011.
This trend has persisted over time, meaning silver is significantly undervalued relative to gold. It’s very unusual to see scrap silver looking so inexpensive relative to its yellow cousin. If some estimates are correct, the ratio will eventually return to its long-run average, if some estimates are correct. This could make scrap silver jewellery and other items such as cutlery or ornaments much more valuable.
Sell scrap silver today
At present, scrap silver items weighing 100 grams with 999.0 purity could earn you as much as £35.64 each. If prices are bottoming out, with the prospect of a great silver bull market in the coming years, you could expect to make even more when you sell.
Cash for Your Gold accepts not just gold but silver scrap items of all shapes and sizes, too. We accept silver jewellery, coins, cutlery, even photo frames, candlesticks and, of course, bullion.
Silver is often viewed as cheaper and generally less profitable to sell than gold, but in the past, it has shown far greater price volatility. This means every upswing in value can yield significantly greater gains when you sell scrap silver than you might have seen, if you had simply stuck to gold.
Considering selling scrap silver?
Cash for Your Gold should be your first port of call if you’re considering scrapping silver. We are specialists in both scrap gold and scrap silver, having worked in this sector for a number of years.
If you wish to sell scrap silver, all you need to do is fill in our seller form and provide us with some basic information about the items you wish to sell.
There’s no need to send an item over to us in order to get your free valuation as our scrap silver calculator is updated to reflect live spot prices. All you need to get an accurate reading of what your items could earn you are the weight and an idea about the purity of the item in question.
For more information about selling with Cash for Your Gold, don’t hesitate to call us on 01902 623 253.