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Tues Oct 14th 8AM - Further Update On Silver Scrap Trading

October 14, 2025 8:30 am – Good morning, Below we’ve noted updates for Tuesday:

SILVER SPOT PRICING: The unusual London/NY silver differential continues to narrow.  This morning the London fix is still +1.03 over December COMEX.  Our silver spot price will be determined today as follows:

      – Bid: DEC COMEX Flat
      – Ask: DEC COMEX +1.15

These are subject to change throughout the day without notice.

SCRAP FORMULAS TODAY

     – Sterling Flatware/Hollowware Spot *.83
     – Sterling Jewelry Spot *.80
     – Knives Spot *.38
     – Coin Flatware Spot *.78
     – US90% -3.50
     – Silver Melts (Must be a minimum 85% fine) Spot *.90 no fees
     – .999 Silver -1.35

OTHER STILL IN EFFECT

     – Low Grade- Not Purchasing (War Nix, 40%, 50%, 80%)
     – Advances for silver not available over $5,000
     – Daily limits of 500 toz of silver scrap (90%- currently no limit

CURRENT TURNAROUND TIMES

     – Gold 1-3 Business Days
     – Silver 3-8 Business Days
     – Silver Melts 2-3 Weeks

We will continue to monitor silver purchasing and review refining capacities daily.  Please watch our homepage for important updates.

Thank you, The Team at Jack Hunt