Metals Market Update At Mystic Supplies

October 27, 2021

Metals market update

We are coming into the holidays and the busy season and you guys, metals are going up and as the masses start to realize all the problems that are happening with the dollar, those metal prices are going to go up, up and up!

I have watched the metals move up several dollars (or tens of dollars depending on the material) in the last couple days. In a normal society I would not be concerned with it, but we aren’t in a normal society right now.

My concern is this. As people realize how damaged the supply chain and the dollar is, the price of gold and silver will go way up! We will keep you posted on this.

We will not need to make any changes until silver hits about $27.00

Here are todays metal prices:

Silver $23.98  

Gold $1796.75 

Platinum $1028.50 

Palladium $1966.50 

In case you didn’t know, everything we make and sell has scrap value so never throw any of it away! You can sell your throw away end clipping for scrap!

jewelry wire    thin gauge wire   jewelry sheet metal mystic supplies




Leave a comment

Comments will be approved before showing up.


Also in Mystic Supplies News

Materials Update Dec 4 - Mystic Supplies
Materials Update Dec 4 - Mystic Supplies

December 04, 2021

All of our suppliers are within the US with the exception of our Fire Opals which has had a slowing of production on some colors. Specifically MMS02 5mm are currently out of stock (on the way though) but still in production. 

Continue Reading

Shipping Update Dec 4 - Mystic Supplies
Shipping Update Dec 4 - Mystic Supplies

December 04, 2021

If you can believe it, we have had 1 shipping issue (lost package) and deliveries have been running pretty well (knock on wood) I am choosing to focus on positive thoughts of deliveries through the end of the year :)

Continue Reading

Metals Update Dec 4 Mystic Supplies
Metals Update Dec 4 Mystic Supplies

December 04, 2021

Not much happening in the metals market, the costs have dropped slightly but I don't think this will last. We know metals are manipulated to keep the dollar strong. 

Continue Reading

Current Processing Time 2-3 days

Wholesale discounts available for jewelry makers. Click wholesale login to apply

For information updates, pricing updates and new product notices sign up for our newsletter