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Silver Rebounds: Is it Time to Sell Your Silver Coins in Atlanta?

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The price of silver plummeted from an intraday high of nearly $49 an ounce less than two weeks ago to under $36 an ounce this past Friday, incurring losses of approximately 40%, but has rebounded nicely this week, prompting the question “Is it Time to Sell Your Silver Coins in Atlanta?” 

This is a good question and one that deserves further thought.  Some economic experts, such as Mish Shedlock, believed that the price of silver had reached parabolic levels, and that it was due for a pullback.  This opinion was confirmed shortly thereafter, with daily losses in excess of 5% until the price of silver finally appeared to hit a temporary bottom of $35.28 on May 6th.

As of this writing, the price of silver has rebounded nearly $3 an ounce, which has caused many holders of silver to wonder if it’s time to sell their silver coins in Atlanta.  While below its market high of $48.58 on April 29th, silver is still up nicely for the year and has had an incredible run over the past couple of years.

If you were fortunate enough to purchase silver over a year ago, you likely have substantial unrealized gains, and may want to take advantage of this recent uptake in silver.  While the long term prospects of silver appear to remain strong, it’s impossible to know what will happen in the short term, making market timing a risky proposition.

When you’ve decided to sell your silver coins in Atlanta, we recommend that you contact Atlanta Gold and Coin Buyers, metro Atlanta’s premier gold and coin dealer.  They pay the most competitive rates in the industry, offer friendly and reliable service, and help to educate their customers so that they can make informed buying and selling decisions.

Tony Davis
Tony Davis
Tony Davis is the owner of Atlanta Gold & Coin Buyers, a full service Atlanta based coin and bullion dealer specializing in buying, selling and appraising coins and coin collections of all types and sizes. Tony frequently writes on various economic and numismatic related topics affecting the coin and bullion markets and has been published on some of the industry’s leading websites, including Coin Week, the American Numismatic Association, Coin Collector, Coinflation, and Coin Auctions Help, just to name a few. Visit Atlanta Gold & Coin’s website at to obtain additional information on the products, services and educational resources offered by his company. Tony can be reached at or at 404-236-9744

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