At Woot & Hammy, we strive to offer affordable, high-quality jewelry for the Wiccan and Pagan communities. In order to do this, we try to keep our margins as slim as possible, while still allowing us to stay in business.
However, the consequence of having slim margins is that it makes us vulnerable to price fluctuations in the precious metals market, as the majority of our items are sterling silver. If you have been paying any attention to the silver market, you would know that the price of silver has risen 50% from just a month ago, due to economic fears related to the Covid-19 pandemic.
This puts us in the tough position of either raising our prices or going out of business. Of course, we are choosing to stay in business to serve the community for as long as we can, but the point of this letter is to let you know that we do not and will not raise our prices unless we are forced to.
Additionally, you will find that when the world price of silver comes back down, which it inevitably will, our prices will fall as well. So if there is something on our site that you wish to have, but cannot currently afford, I encourage you to check back at a later date, because if the price of silver falls, we will lower our prices as well.
Thank you for your time and understanding,
Norma & Ken