How much does silver cost per ounce?

As the financial crises of 2008/2009 got underway, silver prices per ounce began to climb rapidly, eventually rising to nearly $50 per ounce in 2011. Silver prices eventually came back down, however, bottoming out in 2016 at less than $14 per ounce. The price of silver since that time has been oscillating between about $15 and $20 per ounce.

What is silver's spot price?

Silver’s spot price is the current price in the precious metals marketplace at which a raw ounce of silver can be purchased and then sold for immediate delivery.

Is silver a dollar or a pound?

Silver is a dollar denominated commodity and its value is usually expressed as U.S. Dollars per ounce. You can also easily access silver prices in U.S. Dollars per kilogram. The prices that are quoted are known as the spot silver price. The spot silver price is derived from futures contracts traded on an exchange such as COMEX.

How to calculate the total amount of silver?

You can entry the silver weight, select your required currency and measurement unit, the purity of silver, real-time silver price or historical silver price to calculate the total amount of silver. 1. Entry total number of silver, select unit and karat: 2. Select your required currency : 3. Select Current gold Price or historical gold price : 4.