Price of Silver per Ounce
PRICE OF SILVER PER OUNCE ⇒
The Price of Silver per Ounce, is usually referred to as the Spot Price. The Silver Spot Price is updated minute by minute and can fluctuate quite rapidly depending on current market conditions.
When buying and selling silver by the ounce, it is industry standard to measure it in Troy Ounces which is about 1.10 regular ounces. Silver is also sold in grams, kilos, etc... but when referring to the price of silver per ounce on charts and graphs, it is almost always priced by the troy ounce. It is important to know that when buying silver in round, coin, or bar form that there is an additional fee added onto the spot price called the Premium.
When buying silver in today's market sellers will take the current price of silver per ounce and add the premium to cover the minting fees and other costs. The goal of the buyer is to buy the highest quality silver, at the best price possible. From 2002 to 2011, the price of silver increased by 400% and still has room for investment growth (see chart to the right for the Current price of Silver per ounce).
Quality Silver Bullion is always up to date on the current price of silver. We base our price of silver bullion on the New York Ask spot price. The price of Silver changes constantly according to the market fluctuations. A customer will lock in on the spot price when the order is placed. A premium will be added on for the minting fees, but you will find that our total cost per ounce (Spot + Premium + Shipping) is very competitive.
--Silver Eagle Coins-- --Silver Maples Coins-- --Silver Bullion Rounds--
--Fractional Silver-- --Silver Bars-- --Junk 90% Silver--
