Over the past several weeks, we’ve been receiving frequent phone calls from customers asking a simple question:
Are you still buying silver?
The answer is YES. Canada Gold continues to purchase silver across all our locations, just as we always have.
The reason for the increased questions is understandable. Silver has experienced one of the most significant price surges in recent history.
A Historic Move in Silver Prices
Since 2025, silver prices have climbed sharply, reaching all-time highs above C$50 per ounce in June and exceeding C$127 per ounce by January 2026. This rally has far surpassed the previous 1980 high of approximately C$58.77.
The rise has been supported by multiple factors:
- Strong safe-haven demand
- Growing industrial use, particularly in solar energy and electronics
- Ongoing economic uncertainty
In Canadian dollar terms, silver’s performance has been especially strong compared to many previous years. For many households, that has sparked renewed curiosity about silver items sitting at home.
What We’re Seeing in Our Stores
Across our locations, the past 4-6 months have been particularly busy.
Many customers have been sorting through drawers and storage boxes, rediscovering sterling silver flatware, old jewellery, and coin collections. Some mention a fear of missing out after seeing headlines about record highs. Others simply want to understand what their items are worth in today’s market.
At the same time, we are also seeing first-time buyers joining the precious metals community, asking thoughtful questions about bullion and coins.
When prices move this significantly, activity tends to increase on both sides, buying and selling.
Yes, We Are Still Buying Silver
We understand that some businesses may have adjusted or paused their silver purchasing programs. At Canada Gold, we are well capitalized and continue to purchase silver as usual. We have no plans to stop purchasing silver, even with rising prices.
We currently purchase:
- Silver bullion, including coins, bars, and rounds
- Silver coins, including Canadian pre-1968, US pre-1964, and Silver Maple Leafs
- Sterling silver jewellery and flatware
- International silver coins
If anything ever changes regarding what we purchase, we will clearly communicate that on our website. Transparency remains important to us.
Curious About What Your Silver Is Worth?
If you have silver items at home and want clarity, there are a few simple ways to start.
You can check our live silver pricing table. Prices are updated throughout the day to reflect current market conditions. You can also try our scrap gold and silver calculator.
It’s a straightforward way to estimate value based on weight and purity using today’s live prices.
For the most accurate assessment, bring your items to any Canada Gold location for a free, no-obligation evaluation. Our team will test your items in front of you and explain how pricing is calculated. There is never any pressure to sell.
Find your nearest location here.
Staying Aware in an Active Market
Silver’s performance in early 2026 has been historic. With record highs and increased attention, it is natural for more Canadians to review what they own or explore precious metals for the first time.
We do not provide investment advice, and we cannot predict future prices. What we can provide is clarity, transparency, and a professional environment where customers can make informed decisions at their own pace.
Whether you are looking to sell silver, buy bullion, or simply understand what you have, we are here to welcome you.
