Buying and selling of scrap silver is up and running again, albeit with restrictions in place.

The events of the past few weeks have left an impact on the recycling of scrap silver with some European refineries still refusing to take so-called "junk silver", therefore increasing demand on those that will. 

Accordingly, the lead time for processing scrap material into fine silver has increased, which in combination with the continuing high lease rates means further pressures for the industry. Silver traders and dealers will need to re-calibrate and adjust to account for these new costs.

Meanwhile, the record-high market price of silver has been sustained throughout the closedown and can once again be enjoyed...