How Much is an Ounce of Silver Worth
Now that silver bullion prices have officially jumped on the gold bull bandwagon, investors and the wider population are all too keen to keep an eye on how much an ounce of silver is worth nowadays. Use the calculator below to instantly figure out how much an ounce of silver is worth right now at today’s silver spot price. Silver is much cheaper than gold and for this reason, it is a much more viable entry point for small investors. Unlike gold which has been in a tear-away bull market for the last 10 years, silver’s bull has just started. On the other hand, you may be looking to take advantage of high prices in order to cash in on silver trinkets and jewelry that you perhaps have no need for anymore and would rather substitute for cold hard dollars!
‘How Much is an Ounce of Silver Worth’ Calculator
More ‘How Much Is an Ounce of Silver Worth’ Calculators
For certain popular forms of silver, the following specific calculators can be used to find out the value of 1 troy ounce right now at today’s silver spot price:
- How Much Is an Ounce of 999 Silver Worth
- How Much Is an Ounce of 990 Silver Worth
- How Much Is an Ounce of 925 Silver Worth
- How Much Is an Ounce of 900 Silver Worth
- How Much Is an Ounce of Fine Silver Worth
or click here to return to the main How Much is Silver Worth calculator
How Much is an Ounce of Silver
The first thing to recognize when asking how much an ounce of silver is worth is to make sure the definition of an ounce itself is understood!
Historically, in different parts of the world, at different points in time, and for different applications, the ounce has referred to broadly similar but different standards of mass such as the troy ounce, the avoirdupois ounce, the Spanish ounce, the Maria Theresa ounce and the Chinese Metric ounce amongst others.
When it comes to precious metals, the ounce used in question is in fact the troy ounce. There are 12 troy ounces in a troy pound but this unit of measure is effectively obsolete nowadays.
On the other hand, what the general public commonly understands when the term ‘ounce’ is used in a recipe or to measure someone’s weight, is in fact the ‘Avoirdupois’ ounce of which 16 make up an Avoirdupois pound.
The table below illustrates the difference in gram weight between the avoirdupois and troy ounces:
|Silver & Other Precious Metals||Troy Ounce||31.10 grams|
|Other Materials||Avoirdupois Ounce||28.35 grams|
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