The current price for scrap 925 sterling silver, specifically in the form of jewelry, is $24.19 per ounce. This valuation reflects the typical purity and form factor of common 925 silver items presented for scrap.
Understanding 925 Sterling Silver Value
When you are looking to sell scrap silver, the price you receive depends primarily on the silver's purity and the current market rates. 925 silver, also known as sterling silver, is an alloy consisting of 92.5% pure silver and 7.5% other metals, typically copper. This alloy is popular for jewelry, flatware, and hollowware due to its durability and luster, while still maintaining a high silver content.
The value of scrap silver is directly tied to the fluctuating spot price of pure silver. Buyers will typically offer a percentage of the pure silver value, factoring in the cost of refining and their operational overhead.
Current Scrap Silver Prices by Purity and Form
Scrap silver prices can vary slightly based on the form and specific purity, even within the 92.5% standard. Here's a breakdown of common scrap silver items and their respective prices per ounce:
| Purity/Type | Price Per Ounce |
|---|---|
| .925 Jewelry | $24.19 |
| Hollow-Ware Silver | $24.78 |
| Sterling Flatware | $25.07 |
| Pure Silver | $29.00 |
Prices are subject to change based on market fluctuations.
Factors Influencing Scrap Silver Prices
Several elements can impact the price you receive for your scrap silver:
- Market Spot Price: The most significant factor is the real-time market price of an ounce of pure silver. This price changes constantly throughout the day.
- Purity: Higher purity levels command higher prices. While 925 is common, 999 (pure silver) will always be valued more.
- Form: Different forms of silver, such as jewelry, coins, or industrial scrap, may have slightly different processing costs, which can influence the buyer's offer.
- Buyer's Premium/Spread: Buyers need to cover their operating costs and make a profit. They will typically offer a price below the market spot price to account for refining, handling, and their margin.
- Volume: Selling a larger quantity of scrap silver might allow for a slightly better per-ounce price from some buyers.
To get the most accurate and up-to-date pricing, it is advisable to check with reputable precious metal buyers or refiners. Many dealers, like those found by searching for "scrap metal prices," regularly update their purchase rates.
