Happy New Year

Happy New Year! Best to all of you this next year in 2011.

My prediction for silver to reach $30 by the end of the year was weak.... today it closed at $30.91. I'll be keeping an eye on it in the first few weeks, how it acts early should indicate how it will extend into the new year. The spot price will probably continue to rise, maybe $2 or more within 30-45 days. If you deal in Silver primarily like I do, you are no longer doing crafts, you are entering the area of Fine Jewelry. Be happy about this because the competition is thinning out. Emphasize quality and you will be realize sales.

Let's all dig in and make jewelry like we never have before. I'm promoting my more substantial (weighty) jewelry as a way to 'wear your wealth'. Another strategy to make silver affordable might be to include smaller amounts of silver in a piece while combining it with other metals like copper, brass, etc. This seems to be popular and effective with artists on Etsy.

Good luck!

Wow!

Hi Everybody,
Amazing! I mean WOW!!! It only took the market a little over a month to move the price of silver to $30 (closed at $30.06 today). Not sure what to say at this point.

If you do have the money to buy silver you may want to get some and just hoard it and ride this out. That is what I am going to do with all that I have now. It is sad but I am suspending my production because my silver is making money just sitting there.

If all of the uncertainty about currencies is going to continue it is going to be worth even more soon. I was predicting $30 by the end of 2010, but now it looks like it may go to $35 or higher. I'll keep you posted.