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 Rush Valley 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.

EZ Pawn

515 N Main St, Tooele, UT 84074

(435) 882-1983

Blingalicious

18 N Main St, Tooele, UT 84074

(435) 228-6911

Hcg Platinum

14513 S 980 W # 100, Riverton, UT 84065

(801) 225-4050

Desiree Bella

1364 W 11775 S, Riverton, UT 84065

(801) 253-8784

Ryan's Diamonds

11565 S District Dr, South Jordan, UT 84095

(801) 727-4230

Charleston Lane

968 W South Jordan Pkwy, South Jordan, UT 84095

(801) 254-2299

CK Jeweler - Custom Jewelery and Cash for Gold

40 West Main Street, Lehi, UT 84043

(801) 766-3160

Fred Meyer Jewelers

1550 E 3500 N, Lehi, UT 84043

(801) 341-6530

Kay Jewelers Outlet

3700 Cabelas Blvd, Lehi, UT 84043

(801) 901-1331

Beecher Ryan

887 N 100 E, Lehi, UT 84043

(801) 768-2828

Wedding Rings Forever

1692 Country Ln, Lehi, UT 84043

(801) 735-1080

Ultra Diamonds

3700 Cabelas Blvd Ste 256, Lehi, UT 84043

(801) 901-1331

Utah Gold and Diamond Buyers

7107 S Redwood Rd, West Jordan, UT 84084

(801) 255-4653

Check City

8888 S Redwood Rd, West Jordan, UT 84088

(801) 545-7100

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.