Silver Jewelry Suppliers

Things always get more expensive, never cheaper. Sounds like Eyore singing the blues, right?

Well, the fact of the matter is, at least with regard to silver and gold jewelry, there has been a huge spike in the last few years.

Is there some conspiracy of jewelry manufacturers, jewelry wholesalers and jewelry retailers that needs investigating? Well, maybe, but that is not the source of the increase jewelry prices.

The real source of the increase in prices for silver and gold jewelry is the precious metals markets. Take silver as an example.

For most of the decade leading up to 2005, silver prices were in the $3.50 to $4.50 range. There were some minor spikes, but for the most part things were stable.

Then, starting in January of 2005, things went crazy. The price of silver started rising like the thermometer mercury in Phoenix on a summer day. It went to $6, then $7, then it soared past $10. Silver prices didn't stop there, they continued an inexorable climb upward until they neared the $15 mark.

Silver jewelry manufacturers, silver jewelry wholesalers and silver jewelry retails were in a tizzy. Gone forver, it now seems, are the days of cheap silver. While things have settled down to the $12.50 to $14.00 range for the most part, it seems we will never see silver prices below $10 per ounce again.

Likewise, the rise in gold prices gave gold jewelry manufacturers, gold jewelry wholesalers and gold jewelry retailers a nose-bleed they are still talking about. At over $600 per ounce, gold makes silver look cheap!

So the next time you are looking at that beautiful silver ring in your local jewelry retailer, don't be too surprised to find the price a lot higher than you might have expected.

Article by Mike McGinnis
wholesale silver jewelry sterling by indiasilver.com