{"id":134,"date":"2021-03-01T12:00:21","date_gmt":"2021-03-01T12:00:21","guid":{"rendered":"https:\/\/www.ukscrapgold.co.uk\/blog\/?p=134"},"modified":"2021-03-01T12:00:22","modified_gmt":"2021-03-01T12:00:22","slug":"silver-sellers-eye-up-potential-silver-spikes","status":"publish","type":"post","link":"https:\/\/www.ukscrapgold.co.uk\/blog\/silver-sellers-eye-up-potential-silver-spikes\/","title":{"rendered":"Silver Sellers Eye Up Potential Silver Spikes"},"content":{"rendered":"\n

Expect the unexpected, when it comes to silver, and you could potentially reap the rewards of an unforeseen spike in prices. Recent events concerning the Reddit forum r\/wallstreetbets<\/a> have triggered a rush of cash into silver, and if repeated, anyone with a bit of silver could cash in.<\/p>\n\n\n\n

See how the coming year ahead could be an ideal time for making a scrap silver sale<\/a> with UK Scrap Gold.\u00a0<\/p>\n\n\n\n

The Reddit silver surge<\/strong><\/h2>\n\n\n\n

For many weeks, a group of Reddit users patiently began orchestrating buying stocks in an ailing games company, GameStop. In the blink of an eye, the idea went viral, and thousands of users flooded onto easily downloadable investment apps, buying up shares in order to squeeze hedge funds holding large short positions.<\/p>\n\n\n\n

It wasn\u2019t long before attention on Reddit turned to silver, another asset in which hedge funds have extensive short positions. In just three trading days, we saw silver prices rising by almost 20 per cent, an unusually large increase in such a short time frame. Typically, such moves are seen as part of multi-year bull markets.<\/p>\n\n\n\n

The lack of prior warning for such a spike demonstrates why having a bit of silver could become incredibly useful – it\u2019s all just a matter of timing a sale and finding the right buyer. UK Scrap Gold gives clear information on existing prices for silver, helping you spot key trends including price rallies. Check out Live Silver prices<\/a> here.<\/p>\n\n\n\n

In addition, our Silver Scrap Calculator<\/a> allows you to make a free valuation from the safety of your home, without having to send a single gram of silver to us. At present prices, you could expect to sell a 50-gram silver chain with a purity of .925 for over \u00a324 with UK Scrap Gold.<\/p>\n\n\n\n

We\u2019re able to offer such respectable prices as we operate largely in the digital space, reducing overheads and ensuring our customers receive a fairer price for their items.<\/p>\n\n\n\n

Making discreet sales of scrap silver<\/strong><\/h2>\n\n\n\n

Finding the right price and the right buyer for your scrap silver are crucial, but how to ensure your items are dispatched safely? Due to ongoing restrictions during the current COVID-19 pandemic, we strongly suggest customers make use of the Royal Mail\u2019s online Click and Drop<\/a> dispatch service.<\/p>\n\n\n\n

With just the click of a few buttons, a Royal Mail van can collect your package from your doorstep. One of the benefits of this service is the ability to track your parcel on its journey if you select the Insured Special Delivery service. Organising dispatch online helps halt the spread of COVID-19, as it means not having to stand in a lengthy queue at your Post Office branch, to mail your scrap silver in person.<\/p>\n\n\n\n

If you have any queries about selling scrap silver, or wish to make a sale with UK Scrap Gold soon, why not give us a call? Call us on 01902 623 254, and a member of our team will be ready to help you with any requirements you may have.<\/p>\n","protected":false},"excerpt":{"rendered":"

Expect the unexpected, when it comes to silver, and you could potentially reap the rewards of an unforeseen spike in prices. Recent events concerning the Reddit forum r\/wallstreetbets have triggered a rush of cash into silver, and if repeated, anyone with a bit of silver could cash in. See how the coming year ahead could … Continue reading “Silver Sellers Eye Up Potential Silver Spikes”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,3],"tags":[],"class_list":["post-134","post","type-post","status-publish","format-standard","hentry","category-news","category-precious-metals"],"yoast_head":"\nSilver Sellers Eye Up Potential Silver Spikes - Welcome to the UK Scrap Gold Blog<\/title>\n<meta name=\"description\" content=\"Silver can be a more volatile precious metal in terms of pricing, and the recent Reddit price spike suggests great gains can crop up more often than you think.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ukscrapgold.co.uk\/blog\/silver-sellers-eye-up-potential-silver-spikes\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silver Sellers Eye Up Potential Silver Spikes - 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