THE SILVER BOOM: WHILE JEWELERS BENEFIT, SUPPLIERS WORRY

Silver was once called “the restless metal” because of its price volatility. It deserves that name again, thanks to its recent performance in both market pricing and jewelry sales. After years of stability, the metal’s price rose from $4.21 an ounce in July 1997 to a decade high of $7.28 in February. Since then, it has fluctuated between $5 and $6. Some analysts, though, say it could go as high as $8 within the year. Meanwhile, U.S. silver jewelry sales are surging, up 15% in 1997 to $2.4 billion. Indeed, say analysts, it’s so popular that new categories, especially silver wedding rings and bridal jewelry, have appeared, while men’s silver jewelry enjoys renewed interest. Investors and price. Much of the metal’s recent price rise is due to investors, led by Warren E. Buffet. Buffet’s holding company, Berkshire Hathaway Inc., bought 130 million ounces – 20% of the wo
JCK PRO

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).

SUBSCRIBE TO CONTINUE

Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out