As a professional silversmith, I must, of course, say yes. However, I will say that it’s not easy. First of all, you have to perfect your craft. I live in Kent so I searched online for “silversmithing courses Kent“. You should do the same but for your local area. Practice this hobby as much as possible until you feel confident enough to make silver gifts for your friends and family. At first, you’ll have to make and give away these products for free.
Once you do, ask for honest feedback. Ask people if they’d be interested in paying for these kinds of products. If the feedback is positive, you can try opening an Etsy store and selling your products. Don’t expect to make money at first because there’s a lot of competition from big corporations. Stick with it though because you might succeed.