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"Everyone's Grandma Is Selling The Silver Chandelier, Forks, Knives" As Scrap Volumes Overwhelm Refiners
Silver's explosive January rally, which briefly pushed futures prices above $120 per ounce, has since fizzled, with futures trading around $82 as of Thursday morning. Even so, the frenzy has sparked a sharp increase in scrap silver volumes flowing to refiners, as people rush to sell silver coins, sterling dinner sets, candlesticks, and other heirlooms inherited from grandparents or Boomer parents. Bloomberg reports coin and jewelry shops have seen what they describe as a "rush of customers" seeking to dispose of collectibles, silverware, and family treasures during the historic surge in silver prices last month. ... (full story)
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From kitco.com|Feb 12, 2026Precious metals experienced sharp declines Thursday morning as a broad-based selloff swept across multiple asset classes, with analysts attributing the move to forced liquidation ...
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- Feb 12, 2026 10:59pm Posted byFundamental Analysis256
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