, Columnist
It’s a Good Time to Unload Those Silver Coins and Candlesticks
The price of silver is more than twice what it was a year ago.
The price is right.
Photographer: Chris Ratcliffe/Bloomberg
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Silver won't be minting the next round of Reddit-trading millionaires, but that doesn't mean now isn't a good time to sell the family silverware, candlesticks and coins stored in the back of the closet. At $27 an ounce, the spot price of silver is still close to an eight-year high — and more than double where it was trading about a year ago.
Dealers say they're fielding as many as four times the number of typical inquiries a day thanks to the price increase, along with pandemic-inspired decluttering. If you'd like to join the silver selling, here are a few things to keep in mind.