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Silver Market The Silver Market changes daily. HighPoint uses Kitco.com to determine the latest pricing for buying silver bearing material such as scrap film and silver flake. |

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Prayers go up and Blessings Come Down! |
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Office & Mailing Address: Warehouse Address: 10600 University Avenue NW 14022 Lincoln Street NE Unit 1A (IAE Building) Coon Rapids, MN 55448 Ham Lake, MN 55434
Phone: 763-757-4920 Fax: 763-757-1592 Email: Info@highpointenvironmental.com
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How does it work? Systems |
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HighPoint pays for silver bearing materials such as scrap film and silver flake based on a Factor.
That factor combined with the daily value of a troy ounce of silver determines the price per pound that will be paid for your material.
Example:
1. We pickup from a local hospital 500 pounds of Medical Xray Film. 2. The Market Value of a Troy ounce of Silver from Kitco.Com is $20.00. 3. The Factor determined for this waste is .03.
Formula Used
1. $20.00 times .03 = .60 cents. 2. 500 pounds times .60 cents = $300.00 3. $300.00 is what HighPoint would pay the hospital for this pickup.
Why a factor? As the market rises and falls, the customer will always get fair value because the determined factor never will change.
Many issues go into determining the factor given to a customer such as: volume, location and the type of silver bearing waste.
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Live Silver Markets thanks to Kitco.Com |