Silver Market

 

HighPoint uses Kitco.com to determine the latest pricing for buying silver bearing material such as scrap film and silver flake.

[Most Recent Quotes from www.kitco.com]
[Most Recent Quotes from www.kitco.com]

How does it work?

Systems

HighPoint pays for silver bearing materials such as scrap film and silver flake based on a factor.

 

Why a Factor?

As the market rises and falls, the customer will always get a fair value because the determined factor will never change.

 

Many issues go into determining the factor given to a customer such as the volume, location and the type of silver bearing waste.

 

That factor combined with the current daily value of a  ounce of silver determines the price per pound that will be paid for your material the day of the pickup.

 

Example:

1. We pickup from a hospital 500 pounds of medical x-ray film.

2. The market value of an ounce of silver from Kitco.Com is $10.00.

3. The factor determined for this waste is .04.

 

Formula Used

1. $10.00 times .04 = .40 cents.

2. 500 pounds times .40 cents = $200.00

3. $200.00 is what HighPoint would pay the hospital for this pickup.

 

 

 

 

 

 

 

Live Silver Markets thanks to Kitco.Com

Prayers go up and Blessings Come Down!