Finding someone to buy your silver items can take some time, so you need to make sure that you look around and find the best silver dealers Canyon Lake has to offer. This way, you can make sure that you get the best price possible for all of your valuables.

A good buyer will carefully assess all of your things to give you an accurate understanding of how much they are worth. You can then use this information to decide what to do. Selling your silver can earn you quite a bit from the right dealer.

VHobbies.com LLC

162 Teal Rdg, Canyon Lake, TX 78133

(214) 431-5053

Gold & Silver Buyers

20725 State Highway 46 W, Spring Branch, TX 78070

(830) 438-7667

The Silver Queen

100 Wimberley Sq, Wimberley, TX 78676

(512) 847-8987

Moore Bits Of Silver

3 Tonkawa Trl, Wimberley, TX 78676

(512) 847-5489

EZ Pawn

801 S Interstate 35, New Braunfels, TX 78130

(830) 629-9023

EZ Pawn

485 Landa St, New Braunfels, TX 78130

(830) 626-6741

Ernesto's Jewelry Factory

651 N Business Ih 35, New Braunfels, TX 78130

(830) 625-3203

San Anthony Jewelry

123 S Interstate 35, New Braunfels, TX 78130

(830) 606-0109

Kay Jewelers

161 Creekside Way Suite 802, New Braunfels, TX 78130

(830) 620-9613

D&S Precious Metals Unlimited, LLC

851 S Interstate 35 Ste H, New Braunfels, TX 78130

(830) 358-7246

EZ Pawn

681 S State Highway 46, New Braunfels, TX 78130

(830) 643-0883

Texas gold & silver exchange

880 S business 35 suite 500, new braunfels, TX 78130

(210) 860-7317

Speedy Cash

1204 N State Highway 123 Ste A, San Marcos, TX 78666

(512) 212-9570

Speedy Cash

1204 N State Highway 123 Ste A, San Marcos, TX 78666

(512) 212-9570

Tactics That Successful Silver Dealers Use

Silver is a commodity. That means that any single ounce of silver is worth the same as any other ounce of silver at the same purity level. It's been used as money in a variety of cultures and silver dealers use tactics to buy and sell silver and make a profit. Here is how they do it.

Wholesale Markup

Silver dealers are in business to make money and they often do it by buying silver coins or bullion at wholesale prices. Perhaps they were able to buy a silver coin for the rock bottom price of $15. When these coins become scarce in the market, the dealer may choose to offer them to a collector. Collectors pay a higher price and remove the coins from circulation. The dealer makes a profit on the markup over the wholesale price that he paid.

Replacement Cost Price

A dealer should never sell anything for less than the cost of what it would take to replace it. That's the philosophy of most successful dealers in metals. They take the long view and buy silver when it reaches a low. Let's use the same number we used above. Say they bought an ounce for $15.

That's a good buy because the price of silver typically goes for more than that. To gain a profit, the dealer will have to hold onto the bullion until the price rises. At that point, he must sell it at a price no lower than what it would cost him to replace it. If silver has risen to $30 an ounce, he's made a tidy profit when he sells.

The first tactic requires finding the right kind of buyer in order to make a profit. The second one requires patience while waiting for the market to change. Both can be very lucrative.