I suppose its part of the crazy season we are in. For many years the price of silver has been relatively stable. In the last month or so the price has steadily gone up. The market price of silver is only an investors benchmark. By the time we buy it to make jewelry much more is added to the base price and this is reflected in what is known as "fabrication costs" which are the add on to the base involved in turning ingot silver into usable sheet, wire, and other shapes we use to make beautiful jewelry.
We will try to keep our prices down so long as we use the material we have in stock. When we must order new silver I'm not sure we will be able to absorb the costs.https://www.kitco.com/
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