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

As we discussed in an earlier column, the upcoming holiday season provides a great opportunity for everyone to become familiar with the scrap metal recycling companies in your area.

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West Midlands Police said tighter controls for scrap metal traders had also contributed to the reduction in the area.

BBC: Stolen plaque broken into pieces