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Why are your silver products priced higher than the actual silver price?

Just like physical gold, silver products must first be cast into a bar or coin. Similar to buying a loaf of bread, where you expect to pay more than only the cost price of its ingredients, the same principle applies to products made from physical silver: all parties involved from production to delivery must profit from the transaction to remain viable. Moreover, when purchasing silver, also keep in mind that VAT is included in the sales price.