If you do here's a tip. The price of silver is climbing and has roughly doubled in the last six months. In the last 2 years it has more than tripled. While some shops, especially more jewelry oriented shops, will keep up on the prices and mark items up as silver goes up, many will now have in stock items that were priced before the rapid climb in price. That means the value of the item may have doubled or tripled, if it's been sitting in the corner of a dusty case, but you'll be paying the old price.
Silver is rising almost every day even as gold will slip a few cents. I think it may have something to do with the fact that everyone can afford silver. In the early 80's the price of silver was driven to over $50 an ounce in what was later prosecuted as a criminal conspiracy. It's an interesting story. A group of super-wealthy investors bought up half of the world's silver supply. At the time there were restrictions on ownership of gold, which is why they chose silver. Anyway, they got the price over $50 and then dumped it and the price crashed and lots of people were hurt. But the thing is, the economy at the beginning of the 80's was the beginning of a boom in the economy.
The economy now is much more shaky and people are more concerned about the national debt and the trade deficit, and the rising price of gold and silver is actually the falling value of the dollar. I believe that the price of real materials can be judged against the value of other real materials but printed money has no inherent value. It's only as good as the faith we have in it. So I believe that the price of silver will top $50 an ounce and I think that's conservative.
most of the time when you buy silver jewelry the price you pay is supposed to include the scrap value plus whatever value the piece holds artistically or because it's signed by a listed maker. Some people will sell silver at the scrap price though. You might want to ask about it if you visit pawn shops. They typically pay about 1/3 of scrap price and up, so they will be making money, and if it's something they've had in stock a while they probably want to move it.