Friday, December 31, 2010

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!

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