Silver Market Update: Refineries Still On Hold — Here’s Why

29 Oct 2025 · 1 min

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In this brief market update, the speaker reports that silver refiners continue to refuse non‑bullion sterling silver, a stance unchanged from two weeks earlier. Secondary dealers and pawn shops are either not buying silver or are offering prices well below the spot rate. The spot price of silver has fallen from a recent high of about $54 per ounce to roughly $47 per ounce, cooling the previous market frenzy. While this decline is unfavorable for current silver holders, the speaker suggests it could eventually stimulate activity once refiners resume purchasing. The video ends with an invitation for viewer questions and a reminder to subscribe for future updates.

Chapters

2 weeks ago, I told you that silver refiners had stopped taking sterling silver. Not much has changed since then. Most refiners are still not accepting silver unless it's bullion. Many secondary dealers and pawn shops either aren't buying or are offering well below spot price. Silver has come down from its recent high of around $54 an ounce to now right around $47. That drop has taken some of the frenzy out of the market. It's not great news if you're holding silver, but it might help things start to move again once refiners catch up. Any questions regarding this, don't hesitate to put it in the comments. Please subscribe so you don't miss any future videos.