Silver jewelry is also highly popular and may be purchased for both enjoyment and as an investment. Their relatively low cost compared to gold may make silver investments accessible to more investors. Silver coins, rounds and bars are very popular among both investors and collectors. To act as a hedge against declining currency values Some of the potential reasons may include: Investors may seek to buy silver for numerous reasons. Investment demand also plays a major role in the price of silver. In addition, if the supply of silver becomes constrained, it could also possibly fuel higher prices. Some of the industrial arenas that silver is currently used in include:Īs the potential uses for silver increase over time, rising demand for the metal could potentially drive prices higher. Silver is widely used in modern industry, and it seems that more and more uses for the white metal are constantly being found. Silver sees demand from two distinct sources: investment demand and industrial demand. The current spot silver price is derived from a near-month contract that has the most trading activity. These exchange-traded contracts are for near-term delivery as well as delivery dates going very far out into the future. The spot silver price is derived from futures contracts traded on an exchange such as COMEX. The prices that are quoted are known as the spot silver price. You can also easily access silver prices in U.S. Silver is a dollar denominated commodity and its value is usually expressed as U.S. You can also set the table to view results using many different currencies. For easy reference, the table lists these figures for today, 30 days, six months, one year, five year and 16 years. You will also see a table that provides changes in the price of silver in dollars and cents as well as percentage points. The main chart also gives you the ability to view the current silver price per kilo instead of per ounce, and the current silver price in various currencies other than the U.S. These silver prices depict the spot silver price, which is the price at which silver may be delivered on right now. On this page you will find silver prices per ounce. When you return to the cookie will be retrieved from your machine and the values placed into the calculator.Ī range of other useful gold and silver calculators can be found on our Calculators page Pressing the button will place a cookie on your machine containing the information you entered into the Holdings Calculator. If your browser is configured to accept Cookies you will see a button at the bottom of the Holdings Calculator. The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator. Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated. The Current and Future Gain/Loss will be calculated. Optionally enter number amounts for Purchase Price and/or Future Value per unit of weight chosen. The Current Value for the amount entered is shown. The current price per unit of weight and currency will be displayed on the right. If you wish to select a currency other than USD for the Silver holdings calculator. NOTE: You must select a currency for gold first, even if you don't enter a value for gold holdings. Select Ounce, Gram or Kilogram for the weight. The Holdings Calculator permits you to calculate the current value of your gold and silver.Įnter a number Amount in the left text field.
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