How Much is Silver Worth Today
The price of silver and how much it is worth today is a function not just of its supply and demand, but also its demand as a monetary commodity.
By monetary commodity, we mean that just like gold, silver is attractive as a tangible real asset that stores wealth and as a hedge against inflation. Also just like gold, the monetary crises in the latter part of the first decade of the 21st century have resulted in a price escalation that has rapidly increased how much silver is worth today and likely to be worth in the future.
Since 2010 to the present day (late 2011), the price of silver doubled from around the $15 mark to over $30. Given that the gold/silver ratio tends towards the 40/70 range, this puts estimates at silver’s monetary worth based on a gold value of $2000 an ounce at anywhere between $28 and $50.
The silver price itself is set on the international bullion markets such as London, Zurich, New York, Chicago and Hong Kong in trades that are made 24hrs a day. Of these exchanges, London and the COMEX in New York are the two most important centers.
To find out more about how much silver is worth today for certain purities, follow the article links below:
- How much is 999 silver worth today
- How much is 990 silver worth today
- How much is sterling silver worth today
- How much is a bar of silver worth today
- How much is an ounce of silver worth today
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