Spot silver is pushing at $17 per ounce. It's ugly! The worst part is that it's right before Tucson, so all the manufacturers there will be freaking out and it will also be difficult to compare prices since some will adopt the new pricing now, and others will stick with their old prices.
We are still holding our sterling silver jewelry wholesale pricing at old levels, but we'll need to start ramping it up if silver prices don't drop (and I don't think they will!).


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