Rannestad said refinery times vary on scrap silver, with jewelry being the easiest to refine and silver recouped from electronics the longest.
FORBES: FOCUS: Little Scrap Silver Seen On Market After Run To $50
Recently his firm began converting scrap silver, whether it is jewelry, flatware or old coins such as pre-1964 U.S. quarters into pure silver.
FORBES: FOCUS: Little Scrap Silver Seen On Market After Run To $50
However, the supply from government sales, silver scrap and producer hedging all fell.
FORBES: Silver Institute: Global Silver-Mine Output Rises 4% To Record High In 2012
Newman said the silver scrap situation is a difficult one to call.
FORBES: Gold Should Break $1,600, Silver Near $50 by Year End --GFMS' Newman
If the scrap sales were real, more physical silver would be starting to become available, he said.
FORBES: FOCUS: Little Scrap Silver Seen On Market After Run To $50
Surrey Police said they suspect the thieves may be targeting silver golf trophies to sell on for scrap.
Police suspect thieves may be targeting silver golf trophies to sell on for scrap after hundreds were stolen in a series of raids at golf clubs.
As for scrap, there again is a contrast between gold and silver, said Newman.
FORBES: Gold Should Break $1,600, Silver Near $50 by Year End --GFMS' Newman
Her office has stumbled upon items, such as a 17th-century silver altar ornament, that were sold to be melted down as scrap.
Silver is different, said Newman, noting that the largest area of scrap supplies are photographic supplies and industrial uses.
FORBES: Gold Should Break $1,600, Silver Near $50 by Year End --GFMS' Newman
Still, he looks for silver investment to again be strong enough to absorb any surplus in which mine and scrap supply exceeds fabrication demand, as was the case last year.
FORBES: Thomson Reuters GFMS: Silver Volatility Likely; Prices To Gain Traction Later In 2012
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