As in most things in life, knowledge is power when it comes to Precious Metals investing and collecting. Additionally, other factors such as merchandising, packaging or certified grading from a trusted third-party may influence the final worth of the Silver product you are purchasing.
Silver prices at any given moment are the same no matter where you buy in the world. The dealer will pay you the Ask Silver price today when you sell Silver, while you will pay the Bid price of Silver today. Dealers will offer to sell Silver to you for the ask price. The spot price of Silver is the current price in the Precious Metals marketplace at which a raw ounce of Silver can be bought and sold for immediate delivery. The worth of Silver is determined by the current spot price. Similar to the LBMA silver auction, the LME Silver spot contract is for unallocated silver "delivered" in London. The price you will pay for any Silver product is the spot price plus a premium, which is added by all dealers to cover their overhead. Are you ready to sell your Silver? What does the Spread mean for the Silver price per ounce today? Whereas the LBMA Silver Price benchmark is the price derived from the LBMA Silver Price auction, the LME Silver Price is a volume-weighted average price calculation using transactions in the LME’s Silver spot contract over a 2-minute period from midday until 12:02 pm. User Agreement. BullionVault's silver price chart shows you the real-time spot price in the professional silver bullion market. Live 24-hour Silver Price Spot Chart from New York, London, Hong Kong and Sydney. Silver bullion refers to a Silver product that is valued by and sold mostly for its metal content and does not contain any numismatic or collectible value. Second, determine the form in which you’d like to buy. The overall price of your coin will change with the spot price, but Silver coin values also vary depending on factors such as mintage, scarcity and condition. Silver Prices Updated Every Minute. The price you will pay for any Silver product is the spot price plus a premium, which is added by all dealers to cover their overhead. % Redistribution Notice: Kitco charts may be reproduced and redistributed in any print or electronic form provided that "www.kitco.com" is indicated as the source. Bid $22.59 Our Market Reports provide valuable information about the possible reasons behind movements in the markets. Stay Informed of Our Special Offers.
Silver bullion often appears in the form of bars, rounds and Sovereign coins that carry a face value and are backed by a government. A troy ounce of Silver is equal to 31.10 grams. Visit APMEX.com/Silver-price to view live Silver values as well as historical data related to Silver spot price. Of course, many choose to store their Silver in their own vaults or lockboxes at home, as well.
You can track your Precious Metals holdings, be alerted to spot price movements, request notifications on products that are out of stock and more. The Ask current Silver price per ounce is the current minimum price for a dealer to sell in the market. With our updated mobile app, it is now easier than ever to access APMEX benefits on-the-go, including timely push notifications sent straight to your mobile device with custom spot price alerts.
Finally, prepare for how you will securely protect and store your Silver. In local markets, the Silver price in USD is simply converted to the local currency to reflect the price for 1 troy ounce of Silver. Are the spot Silver prices today the same no matter where I live? The price of Silver per ounce is always measured in troy ounces, which are equal to 1.09711 avoirdupois ounces. Silver is considered a commodity and is typically valued by raw weight (in this case the weight of pure metal content). Fabrication costs for various precious metals products are not included.