Elemetal Silver
What Is A Silver Refinery?
Elemetal’s silver refineries are specialized facilities dedicated to processing and purifying silver-bearing materials, extracting pure silver in the form of bullion and silver grain. Silver refineries play a crucial role in the precious metals industry by ensuring the highest levels of purity and quality. Typical services include melting silver sources such as scrap jewelry, sterling flatware, and silver plate to separate impurities and obtain refined silver. Elemetal’s silver refineries also offer access to silver bullion for sale or exchange. We frequently work with jewelers, mining companies, dealers, pawnbrokers, and other entities dealing with silver and precious metals, looking to convert materials into marketable, high-purity silver products while ensuring transparency and competitive settlements.
Scrap Jewlery
Elemetal provides industry-leading speed and reliability in refining silver scrap jewelry. Our services are transparent, and the majority of lots are settled in 1-2 hours or less, at any of our convenient locations nationwide.
Sterling Flatware & Holloware
Avoid costly shipping fees and take advantage of same-day payment on silver flatware and holloware by refining with Elemetal. We refine forks, spoons, knives, serving pieces, teapots, platters, and can also process filled items and knives. Our sterling silver (925), coin silver (900) and European silver (835, 830, 800) lots are processed carefully and with the utmost attention to detail. We are the trusted source for silver refining services.
Pre-1965 US Mint 90% Silver
Elemetal offers a convenient and efficient way for dealers to buy and sell 90% silver coins. Our locations and expert bullion group allow you to trade 90% silver coins with ease and convenience. Elemetal also makes a market in a wide variety of other bullion products to meet your needs.
Silver Plate
If you have silver plated pieces, we’ll purchase these items too. Elemetal offers the highest settlements per pound of material and accepts materials at each of its locations nationwide.
Silver Electrical Contacts
Elemetal processes silver electrical contacts from almost every source, including switches, relays, and connectors from forklifts, elevators, breakers, and many other industrial applications. We are dedicated to delivering exceptional service with a focus on precision, speed, and transparency. Your silver contacts are processed swiftly, ensuring a prompt return. Bring your silver contacts to any one of our convenient locations and say goodbye to the costs of shipping and uncertainty of long lead-times and delays.
Bullion
Elemetal offers an impressive selection of privately minted silver bullion products. This includes rounds, bars, and bullets in a variety of sizes and designs. We also carry sovereign coins from around the world, as well as silver grain for those looking to purchase in smaller quantities. Elemetal's silver products are made of high-quality .999 pure silver and are a great collectible option for anyone looking to add precious metals to their holdings
Customers can access products available to buy and sell by visiting our product catalogue or registering for the Elemetal's daily pricing sheet.
Frequently Asked Questions
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A silver refinery operates by initially receiving silver-bearing materials, such as scrap silverware, damaged jewelry, or various other forms of silver designated to be recycled. The process typically starts with melting the material to separate it from impurities and base metals. After melting, different methods and chemical processes can be employed to further refine and purify the silver until it achieves a high level of purity. The refined silver is then cast into bars, coins, grain, or other marketable forms for sale.
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The value of silver scrap is calculated based on its purity and weight. The purity is determined through assaying, which measures the actual gold content. Once the purity is known, the weight of the pure silver is multiplied by the current market price per troy ounce to calculate its value. Additional factors, such as bullion premiums, may also be considered in the final valuation and increase your return. At Elemetal, we strive to offer your business the highest value for all of your precious metal products and are the only national refiner to pay premiums on a vast selection of bullion products. Our philosophy is that when you succeed, we succeed.
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Scrap silver can be refined at specialized silver refineries that offer refining services. These refineries have the equipment and expertise needed to extract silver from various sources and assay it appropriately to determine the total precious metal content. Elemetal’s services provide transparent and efficient processes for customers, including processing and payment confirmation often in 1-2 hours or less.
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Silver's high price can be attributed to several factors. Like gold, its rarity and the costs of mining and refining contribute to its value. Silver has been historically valued for its unique properties, such as conductivity and malleability, making it vital for industrial applications and jewelry.
Economically, it's considered a safe investment, often maintaining value during economic uncertainties, similar to gold. The global demand for silver, particularly in industries like electronics and renewable energy, significantly influences its price.
Additionally, market dynamics like currency values, interest rates, geopolitical scenarios, and central bank activities impact silver's pricing, making it a complex asset influenced by a variety of global economic factors.
Looking for a silver refinery near you?
Elemetal is America's largest precious metals refiner, including silver, with over 45 locations across the United States. We specialize in silver jewelry, flatware and holloware, pre-1965 US mint, and silver plate.
Find a silver refinery near you today!
Other Refining Services
Elemetal is a premier leader in refining gold, platinum, and palladium. Our advanced processes prioritize sustainability and responsible sourcing in gold refining. In platinum and palladium refining, we excel in state-of-the-art techniques, meeting industry demands for quality and environmental consciousness, while ensuring responsible sourcing throughout the refining process.