Alongside other commodities (notably oil and gold) silver has seen a steady rise again this month, unavoidably tempting dealers with ever-increasing overheads to liquidate their stock via the refineries. To me, this suggests that posterity will benefit from a higher density of fine quality antique silver compared to ‘ordinary’ quality stock, most of which will have been scrapped – just as has occurred historically, although the reasons may have been different (funding of wars mostly). This density of fine quality stock, preserved by virtue of its excellence of manufacture and illustrious makers or designers, is likely to see a significant increase in value as a result of its rarity, the absence of alternatives and, potentially, the continued rise in the price of the metal. Watch this space…..
Chart courtesy of Cookson precious metals.