Five Key Things To Know Before You Sell Your Silver

Above, an 1890 Morgan silver dollar (uncirculated). Photo by Armand Vaquer.

With silver's spot price reaching $100 per troy ounce, one who has a sizable amount of silver may be tempted to take advantage of the spot price and sell.

I, for one, have plenty of the white metal, but I am staying put. 

Morningstar has posted an article with five key things to know before selling your coins, bars, jewelry or flatware.

They begin it with:

The precious metal has now hit $100 an ounce - and the surge in its price is leading many to consider cashing in on what they have

Silver has reached a record spot price of more than $100 an ounce, and many people are deciding to sell their coins and other silver items.

Is it time to sell your silver?

That's the question some may be asking in light of the fact that the precious metal's price (SI00) has now hit $100 an ounce. After all, many people have some silver tucked away in their closets in the form of flatware, coins and jewelry. Others may have purchased silver bars for investment purposes.

Sure enough, those who buy silver for a living say they've been plenty busy of late responding to such folks.

"[We're] seeing a deluge of silver sellers like we never have before," said Brandon Aversano, CEO and founder of the Alloy Market, a Pennsylvania-based company that specializes in precious metals. Aversano noted that his firm has purchased nearly twice the amount of silver in the second half of 2025 as it did in the first half.

Fueling that demand, of course, are buyers aplenty who want a stake in silver, given the price gains of late.

If you do want to sell your silver items - whether it's a set of cutlery you inherited from grandma or coins you collected long ago - what do you need to know? We spoke with some experts to find out. Let's break it down into five questions.

To read more, go here.