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accurate silver spot price Bnb XRP aave Bonk coinbase futures litecoin futures cardano futures

What does the 'spot price' for silver mean?

The spot price of silver is the price that is quoted for immediate payment and delivery. Settlement and delivery of a silver transaction carried out at a spot price is usually executed within one or two business days.

How is the silver spot price determined?

The spot price of silver is set by these markets. It varies hourly according to supply and demand. As the worldwide demand for silver increases, the price goes up, and as demand goes down, the price follows.

What is the true value of silver?

Here it is: "the true value of silver is what people are willing to pay for it. Some people mistakenly believe that the true value is the mining cost....but this is not the true value at all for a number of reasons. Some argue that the true value is based on what it's value was during Roman times or during the period prior to 1971.

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