With the cost of Silver on the rise, this affects the cost of Sterling Silver as well even though it is not pure Silver. Silver is nearing $20.00 an ounce and is on a market that fluctuates so it can rise any and every day. With Sterling Silver being 92.5% pure Silver, it’s price is also rising. Only about 5 years ago the cost of silver was 4.00 an ounce. That’s an increase of 500%. As the cost increases for the designers and suppliers, it is going to be carried over to you the consumer as well.

Historically prices of precious metals go up when the dollar is down. That could explain one reason for a price increase. Some also say it’s because China launched precious metals futures trading in 2008. Others say it’s due to Silver riding the coat tails of Gold’s rise to nearly $1000.00 an ounce. No matter the reason for the rise in Silver, it doesn’t look like it will be coming down anytime soon. Unfortunately for you the consumer and we the Suppliers, it is going to continue to rise. It is still within the reach of many budgets when considering the price of Gold and/or Platinum.