How much is a ten ounce of silver worth today?

Theoretically, if a person acquired ten ounces of silver in 2000 at $8 per ounce with a total of $80 spent, today at a spot price of around $23 per ounce, that ten ounces would be around $230, which is a $150 profit. The stock market has seen a sustained upward trend, largely driven by Federal Reserve policies.

What is a spot silver price?

The silver spot price is usually quoted in U.S. dollars (USD). However, markets all over the world can take the spot silver price in USD and simply convert it to local currency. What exactly is the spot silver price referring to? The spot silver price is quoting the price for 1 troy ounce of .999 fine silver.

What was the lowest price of silver ever?

Since 1990, the lowest price silver has ever reached was $3.55 in 1991, and the highest price ever reached was $48.70 in 2011. Silver went higher once in 1980 when it went to $49.45 per troy ounce in the wake of a near global financial collapse when the Hunt Brothers attempted to corner the silver market and buy all available silver.