The price of silver went through the roof!

SILVER TALK

Wow! These past several months were an exciting roller-coaster ride with the price of silver! The spot price of silver went from about $30 per Troy oz January 2025 and stayed in in the $30’s until August. By early October it was in the $50’s and in December it went from the $60s to $80 and backed off in the $70s. In January it was crazy, going from there to $115 on the 23rd and as I type this on Feb 2nd, it is back in the $80s.

You can bet that big jewelry companies like Shane Company have already re-priced their jewelry to the new level. I took a look at the jewelry I have made with silver content and I have A LOT. I have made a strategic decision to NOT RAISE MY PRICES on my existing jewelry because I purchased my silver a while ago at lower prices, and I still have enough for another year or two before I need to buy at a new price. 

I do believe silver is a very good investment. Part of the reason the prices have jumped is that it turns out that silver is used in many products, including solar panels, EV batteries, electronics, and military uses besides jewelry and monetary value. Gold is used primarily for jewelry and monetary value, but not much is used in products. We are in the middle of a squeeze on the supply of silver. Manufacturers need it for our high-tech products, and the silver supply has been hit hard, leading to supply shortages and the consequent wild price fluctuations.

Lucky for you, I bought a lot of silver clay before the price jumped. The next time I buy silver, it is really going to be a big jump in price. Until then, you can still buy my existing pieces at last year's silver price. I don't think the market silver price will ever be as low as it was a year ago There is too much demand for silver.

The bottom line is that my lovely silver pieces are worth more than ever. Not only do you get the Gaia's Song Jewelry quality and beauty, the silver pieces are a beautiful way to invest in a tangible product that is wearable and has timeless value.

At these low, last year prices, Valentine’s Day is a good excuse to buy something for your loved one, or you can always treat yourself!