Much like the price of oil, gold, and stocks, the price of silver fluctuates every minute to reflect the bid and purchase of pure silver in the open market. And, just like oil, gold, and stocks, the price of silver has been extremely volatile in recent months.
What does this mean for you? It impacts the prices you pay for silver, the value of the silver you already own, and the potential price your silver might realize should you choose to sell. For the collection you own, now may be the time to check with your insurance company and have your set reappraised. If you haven’t had it evaluated, especially since a marriage long ago or an inheritance, now could be the time to ensure that your collection is properly accounted for.
We use Kitco.com to follow the price of silver, and we do look at it every single day. Go here, http://www.kitco.com/charts/livesilver.html to follow along!