Back in September we detailed the impact the pandemic was having on the silver market. As you can see the continued uncertainty around COVID-19 restrictions, vaccine rollout delays and complications and other factors have left silver relatively unchanged since September.
Since the pandemic began, silver has more than doubling in price. Whilst demand for physical silverware is still quite low at the moment due to the restrictions, we are anticipating a surge in demand from May onwards.
Increased uncertainty around global efforts to fight the pandemic has left silver stubbornly high.
With this in mind, please be aware that any quotes you receive from us for the next few months will reflect these increased raw material costs. Hopefully as the uncertainty recedes later this year, the silver price will return to a more normal position. We will continue to keep you informed as things develop.