LAS VEGAS (KSNV) — The Gold & Silver Pawn Shop, famed for being the home base for History Channel’s “Pawn Stars,” is experiencing a surge in silver transactions as prices for the precious metal skyrocket.
Andy Zimmerman, CFO of the shop, noted, “They are bringing in everything.” Customers are trading in silver objects, silver jewelry, and even silverware for cash.
The price of silver has seen a dramatic increase due to its rising use in batteries, electric vehicles, and solar energy.
New export restrictions from China, requiring exporters to bolster their domestic silver supply, have further increased the metal’s value in the U.S. On Jan. 8, 2025, an ounce of silver was priced at $30.69…