What is the impact on retailers from surging gold and silver prices

Gold and silver prices have surged significantly, impacting retailers in various ways. High prices squeeze margins for mass-market jewelry sellers while benefiting recyclers and pawn shops. Luxury brands feel less pressure but may still face margin challenges. Retailers may see short-term benefits from selling existing inventory at higher prices, but restocking could pose long-term issues. Companies like Signet Jewelers acknowledge the impact of commodity prices on consumer behavior, suggesting resilience despite potential drops in unit sales due to price increases.