Dissonance Smithing

absolutely killed it. Thanks!

TLDR: Price will increase by around 30% effective Jan 1.

What’s driven the price increase? TLDR: Demand outstripping supply.

59% of silver demand is industrial. Increased demand for Solar power components, EVs, and AI/Datacenters has made unprecedented demands for silver.

On the supply side, silver is a byproduct of copper, lead, and zinc mining. There aren’t many pure silver mines any more, so production can’t just be ramped up. Late this year, supplies were just out.

Macroeconomics: Basically, when interest rates are cut, investors look for higher returns. 100% on silver looks very attractive. And given our state of affairs in the US, it’s a lot more certain than government bonds.

The worst part about it is that silver has always been a much more economical metal for jewelry. But at this point, brass is as expensive as silver used to be, and while it’s still cheap compared to gold, it sucks because it’s a lot less affordable now.

PSA - if you’ve ever bought a ring from me, I’m happy to resize it for you. Super easy to move it up a size. A bit more challenging to shrink it, but still doable. Just reach out and I’ll get you sorted.

This also includes a ring you may have gotten through a retailer that I made.