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Sy Kessler Buying Watch Batteries as Silver Hits Record High
The company will pay 1.5x silver’s current spot price for each pound of silver oxide batteries submitted.
Dallas—Sy Kessler Sales Inc., the Dallas-based supplier of tools, testing equipment, and watch batteries, announced this week that it is now buying retailers’ spent or expired silver oxide watch batteries for recycling.
The program, launched through the company’s Kessler Batteries division, pays 1.5x the current spot price of silver in cash for each pound of silver oxide batteries submitted.
The payout on shipments of batteries weighing 25 pounds or more are calculated at 1.7x the current spot price.
The company noted that final payment is determined after on-site processing and that the minimum shipment weight is 3 pounds.
For more information, visit the company’s website, call 800-527-0719, or email sales@sykessler.com.
Related stories will be right here …
The program, launched through the company’s Kessler Batteries division, pays 1.5x the current spot price of silver in cash for each pound of silver oxide batteries submitted.
The payout on shipments of batteries weighing 25 pounds or more are calculated at 1.7x the current spot price.
The company noted that final payment is determined after on-site processing and that the minimum shipment weight is 3 pounds.
For more information, visit the company’s website, call 800-527-0719, or email sales@sykessler.com.
While the price of gold—which topped $4,000 an ounce this week—grabs all the headlines, silver prices also have been peaking, fueled by higher demand, a supply deficit, central bank buying, and growing political and economic uncertainty.
As of press time on Thursday morning, the Kitco Morning Fix had silver at $50.71 an ounce, topping the metal’s record per-ounce price of $49.95 set in January 1980.
The peak price follows a steady climb that began in the spring.
Kitco’s charts show the price of silver started the year around $30/ounce and started to slowly increase before dropping back down to the $30/ounce mark in mid-April.
Since then, the silver price increased fairly steadily until late August, when it began a sharp climb that culminated in the record price recorded this week.
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