How much does silver cost per ounce?

Silver jewelry is also highly popular and may be purchased for both enjoyment and as an investment. Silver prices per ounce remained below $10 per ounce during the 1980s, 90s and much of the early 2000s. The silver price per ounce began to climb around 2006, and over the next few years went from under $10 per ounce to around $20 per ounce in 2008.

How much is 1 troy ounce of silver?

1 troy ounce = 31.1034768 grams, or 0.0311034768 kilograms. 3. The real-time price represents the latest silver spot price; and the historical closes price is the London PM fixing price. Silver Price Calculator is a free service provided by Silver Price OZ website, by which you can easily calculate the value of your silver.

Is there an upper limit on the spot price of silver?

This puts a theoretical upper limit on the spot price of silver. Most recently, silver prices have been rallying over $30 per troy ounce and trading in a range of $29 to $33 per ounce, starting May 15th, 2024. This is a 10-year high for the price of silver, and follows gold's historic price movements.