Over the past few weeks, we've received frequent calls from customers asking a simple question:
Do you still buy silver?
The answer is YES. Canada Gold continues to buy silver at all our points of sale, as we always have.
The reason for the increase in questions is understandable. Silver has seen one of the biggest price rises in recent history.
A historic movement in silver prices
Since 2025, silver prices have risen sharply, reaching all-time highs of over 50 $ CA per ounce in June and exceeding 127 $ CA per ounce in January 2026. This surge far surpassed the previous 1980 peak of around 58.77 $ CAD.
This increase was driven by several factors:
- Strong demand for safe-haven assets
- Increasing industrial use, especially in solar energy and electronics
- Persistent economic uncertainty
In Canadian dollar terms, silver's performance was particularly strong compared to many previous years. For many households, this has led to renewed curiosity about the silver objects they own at home.
What we see in our stores
In all our sales outlets, the last 4 to 6 months have been particularly busy.
Many customers rummaged through their drawers and storage boxes, rediscovering sterling silver flatware, old jewelry and coin collections. Some talk about the fear of missing out after seeing headlines announcing historic highs. Others simply want to understand the value of their objects in today's market.
At the same time, we're also seeing first-time buyers join the precious metals community, asking thoughtful questions about bullion and coins.
When prices evolve so significantly, activity tends to increase on both sides, buying and selling.
Yes, we always buy silver
We understand that some companies 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 intention of stopping our silver purchases, even with rising prices.
We are currently buying :
- Silver ingots, including coins, bars and rounds
- Silver coins, including pre-1968 Canadian coins, pre-1964 U.S. coins and Silver Maple Leafs
- Sterling silver jewelry and cutlery
- International silver coins
If there are ever any changes to what we buy, we'll make them clear on our website. Transparency remains important to us.
Curious about the value of your money?
If you have silver objects at home and would like to find out more, there are a few simple ways to get started.
You can consult our real time silver price table. Prices are updated throughout the day to reflect current market conditions. You can also try our recovery gold and silver calculator.
It's a simple way of estimating value by weight and purity, using today's real-time prices.
For the most accurate appraisal possible, bring your items into any Canada Gold outlet for a free, no-obligation appraisal. Our team will test your items in front of you and explain how the price is calculated. There's never any pressure to sell.
Find your nearest sales outlet here.
Staying informed in an active market
Silver's performance at the start of 2026 was historic. With record highs and increased attention, it's natural that more Canadians are looking at what they own or discovering precious metals for the first time.
We do not provide investment advice and we cannot predict future prices. What we can offer is clarity, transparency and a professional environment where customers can make informed decisions at their own pace.
Whether you want to sell silver, buy bullion or simply understand what you own, we're here to welcome you.
