Spot Silver Drops

With bad economic news a daily event and fears of a recession hanging over everyone's head, it's no wonder we have seen a run up in silver and gold prices.  Precious metals are typically the place people head when the going gets tough, and higher demand equals higher price unless there is more supply added to the stream.  

As a silver jewelry wholesaler, the price of silver is a pretty big variable in my cost of doing business, so seeing it continue to climb after a couple of years of relative calm is disconcerting.

Funny too that it happens just before the annual Tucson Gem show, when major silver and jewelry suppliers come together for the largest jewelry show in the world.  More on this as it comes closer...