Despite silver having significant demand as an industrial metal, it is seemingly outshone by metals such as gold, at least when it comes to valuations.
But if you hold onto a piece of scrap silver, don’t lose hope – scrap silver prices could potentially have been undervalued by a significant margin relative to gold in more recent times, meaning those scrap silver items you’ve got lying around gathering dust could become a great deal more valuable in 2020.
Learn why scrap silver could be poised for a great rebound in 2020.
The price is right for a rebound
Precious metals such as gold and silver have often risen in tandem over the last few decades.
While scrap gold can enjoy sharp rises in value, scrap silver prices demonstrate far greater volatility. You might have seen how scrap gold prices are significantly higher than those of scrap silver, but taking this at face value would be to miss an important fact, which is that the prices of gold and silver have a most unusual relationship.
Based on historical averages, scrap silver is significantly undervalued relative to scrap gold. When this has occurred historically, silver has always outperformed gold and enjoyed a considerably greater increase in value eventually.
That means that any scrap silver items you’re thinking of selling, whether old cutlery, jewellery or even an heirloom, could soon become considerably more valuable. It’s just a matter of timing.
What is scrap silver worth today?
UK Scrap Gold estimates that just 50 grams of scrap silver with 999.0 purity could currently make you as much as £17.90. Think of what an even larger quantity of scrap silver could earn you!
For the latest scrap silver prices and to help you time a sale to perfection, make sure to use our silver price calculator. It’s easy to use and you don’t need to send a single piece of silver to us in order to get a free initial valuation.
UK Scrap Gold accepts scrap items of all shapes and sizes. We specialise in facilitating sales of scrap silver. If you wish to recycle your items, we can melt them down and have them reshaped into something brand-new. All you have to do is tell us a little about the items you wish to sell by filling in our sellers’ form. It’s protected with SSL encryption, meaning your personal information is safe with us.
When you’re ready to transfer the items over to us, make sure to post them by Insured Special Delivery. This ensures your package arrives safely and that you don’t lose out if something should happen to it in transit.
Don’t hesitate to contact UK Scrap Gold today, or call us on 01902 623 254!