(Questions?? Call 1-866-334-4279)
The Price of Silver today, is usually referred to as the Spot Price. The Silver Spot Price is updated minute by minute and can fluctuate quite rapidly depending on 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 today 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 price of silver today, 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 silver price increased by 400% and still has room for investment growth (see chart to the right).
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. Always remember that the price of silver today, may be different from yesterday’s silver price, or even tomorrow’s price; that is why we recommend that you check back regularly at qualitysilverbullion.com to see the updated price of silver today, which is updated every minute.
When placing an order, a customer will lock in on the spot price, and a small premium will be added on for the minting fees. You will find that QSB’s total cost per ounce (Spot + Premium + Shipping) is very competitive!
This image below shows the current bid price of silver, and shows a graph of the price changes in the last 24 hours.