The price of silver is always fluctuating. For our customers’ convenience, we have provided the following charts and tools to keep up-to-date with the current value of your investments, no matter the hour.
Want to stay informed about significant movements in the market for the price of silver? Alpha Bullion is here to help. We’ve made it easy for you to learn about any dips or rises in the price of silver. By creating an account with our collaborators at Bullion Exchanges, you’ll be able to create personalized alerts for the price of silver, including specific products like American Silver Eagles, Canadian Silver Maples, Austrian Philharmonics, Chinese Silver Pandas, Silver Bars from producers like PAMP, and more. Now you don’t have to constantly check and watch the silver market - we bring the news to you!
Silver Price Alerts – Product premiums are constantly fluctuating, making it hard to decide when to invest. Setup your customized alerts for our silver products by navigating to Bullion Exchanges and clicking on the “Price Alert” link. Then, simply select the quantity and price of your desired product. When your price hits the target, you’ll receive an alert to your email which will help you make buying decisions when the time is right.
Silver Market Alerts – Sign up for our Silver Market Alerts to stay informed on important market trends. Just navigate to Bullion Exchanges, click on the “Market Alert” icon, select silver, and choose which market movements to follow based on dollar amount or percentage. We will then email you when the market reached your saved settings, so you’ll never miss another investment opportunity.
Create your free Bullion Exchanges account to earn Bullionaire Bucks, or login to your existing account and easily manage your ‘Alerts’ section. Alerts include newsletters, notifications about expiring Bullionaire Bucks, and daily deal alerts.
Silver is one of the most popular naturally occurring precious metals, alongside gold, platinum, iridium, rhodium, and palladium. It is also the most affordable.
Changes in supply and demand play a major role in determining the spot price of silver. Factors like inflation, drops in the value of paper currency, and economic downturns may also affect the cost of silver.
Besides the regular use of silver as a precious metal in jewelry or for other decorative purposes, silver has also been applied in the medical industry for centuries due to its antibacterial properties. Since silver is ductile, malleable, and possesses a high thermal and electrical conductivity, it has also proven to be ideal for numerous industrial uses. All of these uses boost its price.
The most widely accepted silver spot price on the live market is by the troy ounce, which our charts update on a live basis. The spot price is not the same as silver bullion prices, because it does not include distribution, manufacturing, and dealing costs. These minor costs make silver bullion slightly more expensive than the spot price.
Widely cherished and admired for its beauty, silver is a tangible asset that also attracts investors interested in diversifying their portfolios to safeguard against our increasingly unstable economic climate. As the least expensive of all precious metals, silver is an affordable investment option, being instantly convertible into cash worldwide.
Silver Bullion Bars and Coins are thus popular forms of precious metals investment. For your security, always buy your silver bullion from approved refineries only. These include, but are not limited to, the Perth Mint, Engelhard Silver, the US Mint, and the Royal Canadian Mint.
Silver futures contracts, silver certificates, mutual funds, and mining stocks also present opportunities to invest in silver, but these do not allow physical access to the precious metal. Therefore, many investors avoid them and prefer to invest only in physical silver.
At any given time, the price of silver in the United States is the same as the price of silver in India, China, Australia, the U.K., or any other country in the world. This is to prevent investors from buying silver cheaply in one country and selling it in another for a profit.
The Gold/Silver ratio can be defined as the number of ounces of silver needed to buy one ounce of gold. This ratio is usually over 60:1, as gold is far more expensive than silver. The purpose of the Gold/Silver ratio is to help investors pick the right time to enter or exit the silver market.
The ask price is the lowest price at which a seller is offering to sell silver. The highest price at which a buyer is willing to pay for silver is called the bid price. The difference between the ask price and bid price is defined as the spread.
The silver spot price is the price of 1 troy ounce of raw silver. The troy ounce silver price listed on most dealers’ products takes into account a nominal dealer fee as well as fabrication and distribution costs alongside the spot price. A collector’s value is added to the price paid by the buyer in case of rare, uncommon, and otherwise valuable items. As a result, you cannot buy silver directly at spot price.
According to medieval French standards adopted by the United States in the 19th century, precious metals such as silver are not measured by the ounce, which is approximately 28.349 grams, but by the troy ounce, which is equivalent to about 31.103 grams.
Silver can seem volatile when looking at short-term fluctuations, but is very stable when compared to historical prices. The silver price is mainly affected by supply & demand, as well as market speculation. In times of geopolitical crisis and economic instability, silver has been observed to hit record highs. This makes silver a very attractive precious metal for fortifying your investment portfolio.
