SILVER

An ounce is not a "regular" ounce when paying the spot on Silver price. When Americans refer to ounces, they generally are referring to avoirdupois ounces. The price of Silver per ounce is always measured in troy ounces, which are equal to 1.09711 avoirdupois ounces. One troy ounce equals 31.1035 grams.

The Bid Silver price per ounce today is the current highest market offer to sell to a dealer. Consumers can expect to receive the bid price when selling Silver to a dealer.

The difference between the Ask Silver ounce price and the Bid ounce price of Silver is the Spread, or the bid-ask spread, and represents the dealer's profit. The dealer will pay you the Ask Silver price today when you sell Silver, while you will pay the Bid price of Silver today.

First, decide what kind of Silver you’re interested in buying. There are several types of Silver, ranging from scrap to bullion products. Second, determine the form in which you’d like to buy. If you’re buying Silver bullion, choose between Silver coins, bars and rounds (they look like coins but carry no face value and are not backed by a sovereign government as currency). Next, do your research and identify a reputable seller. For example, American Numismatic Association offers a list of Authorized Dealers. Atlas Gemstones has been on that shortlist for many years. Finally, prepare for how you will securely protect and store your Silver. There are many factors and options for this. Of course, many choose to store their Silver in their own vaults or lockboxes at home, as well.

Today’s spot price of Silver, like all days, is constantly changing according to supply and demand, market conditions, geopolitical forces and many other variables. However, today’s Silver value could also refer to the total percent change of the spot price, as calculated relative to the price at the start of that trading day.

A troy ounce of Silver is equal to 31.10 grams. It’s a unit of measure first used in the Middle Ages, originating in Troyes, France. You may notice that this is slightly heavier than the 28.35 grams we’ve come to expect from the standard ounce (also known as the avoirdupois ounce). Troy weight units are primarily used in the Precious Metals industry.

The price of Silver can fluctuate based on market conditions, supply and demand, geopolitical events and more. When someone refers to the price of Silver per ounce, they are referring to the spot price. The spot price of Silver is always higher than the bid price (what dealers pay for Silver per ounce) and always lower than the ask price (what you will pay a dealer for Silver per ounce). The difference between the spot price and the ask price is known as the premium of Silver per ounce.

Are you ready to sell your Silver? Atlas Gemstones offers you the option to sell all of your Precious Metals, easily and fast, all online! Sell Silver to us and get a step-by-step process of how to sell your Silver bars, coins and rounds to Atlas Gemstones.

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. Silver bullion often appears in the form of bars, rounds and Sovereign coins that carry a face value and are backed by a government. These products are most commonly categorized therefore as either .999 fine or .9999 fine Silver bullion, meaning the product is either 99.9% or 99.99% pure Silver.