Silver is commonly used in a variety of jewelry pieces and is readily available from a number of different stores. If you are planning to start your own jewelry store or wish to go into reselling, you will want to make sure that you buy a large quantity of silver. However, availability of wholesale materials is difficult and there’s a risk that you might not get the right product. Therefore, it is very important that you take a few things into account before you decide to buy precious metals such as silver wholesale. Here is a brief guide that will be of help.
Find a Decent Supplier
When it comes to buying wholesale sterling silver, your choice of supplier is going to play a very important role. Because most people usually buy from only one supplier, you will want to make sure that you choose carefully. In order to find a decent supplier, you need to first carry out considerable due diligence. Look for companies that supply wholesale silver and get in touch with them to find out more about the quality of the product. If you can get a list of references for any particular supplier, it could be quite handy for you.
Get a Sample
Second, you need to get a sample. Before you place a large order with any company, it’s recommended that you get a small sample first to check the quality of the silver that they are giving. Sterling silver is usually regarded as .925, which means that it’s 92.5% pure silver. You will want to hire an independent testing laboratory in order to get a better idea about the purity of the silver and whether it is being sold at adequate prices or not. An independent testing unit will be able to give you a better idea about the levels of purity and other contaminants mixed in the precious metal.
Before you decide to buy the sterling silver from any particular company, you should get a quote first. This way, you will know how much each company is charging. Once you have taken quotes from several businesses, you can then decide to place an order from the cheapest company. Keep in mind that once you order the wholesale silver, you will also want to process it further and that’s going to increase the costs so it’s recommended that you choose the lowest-priced option.