The price of silver on the world markets is increasing month on month, putting enormous pressure on the price of sterling silver gifts.
In January 2009 an ounce of silver cost around £8 and by January 1st 2010 this had risen to £11.37 an ounce. At the time silversmiths and gift manufacturers felt this was a fairly hefty rise but managed to absorb the increased cost.
The price of silver has continued to rise relentlessly as investors turn to the commodity markets and the BRIC economies once again start to demand raw materials. By January 1st 2011 the price of silver was an eye-watering £19.88 an ounce!
Where possible, we are trying to keep CHRISTENINGsilver's retail prices as keen as possible. On many products we are now showing the manufacturers' recommended prices and, in the majority of cases, we have been able to offer the same product at a reduced price.
Like gold, silver is seen as a safe haven by many investors and we do not anticipate any movement in the spot price, except upwards, over the next twelve months. |
