Sterling Silver Price Calculator – Oklahoma
Here's a comprehensive table with the key information about sterling silver prices in Oklahoma:
| Aspect | Details |
|---|---|
| Current Price (10 grams) | USD 9.19 1 |
| Current Price (1 tola) | USD 10.71 1 |
| Current Price (1 ounce) | USD 29.60 2 |
| Weekly Change | +1.44% ($0.4180) 2 |
| Weekly High | $32.11 2 |
| Weekly Low | $28.70 2 |
| Recent Price Range | $29 to $33 per ounce 3 |
| All-Time High (1980) | $49.45 per ounce 3 |
| Recent High (2011) | $48.70 per ounce 3 |
| Current 52-Week High | $32 per ounce 4 |
| Current 52-Week Low | $27 per ounce 4 |
| Monthly Change | +4.79% 4 |
Key Points to Know
- Price Volatility: Silver prices can fluctuate based on market conditions, supply and demand, and geopolitical events3.
- Factors Influencing Price: Global economic conditions, market sentiment, industrial demand, mining production, and the value of the U.S. dollar all impact silver prices3.
- Recent Trends: Silver prices have been rallying recently, reaching a 10-year high and trading in a range of $29 to $33 per ounce since May 15th, 20243.
- Market Sensitivity: Silver prices can be sensitive to economic indicators and statements from financial authorities. For example, dovish statements from the Federal Reserve regarding potential rate cuts in 2024 led to a 4.21% increase in silver prices in one week3.
- Price Updates: Silver rates in Oklahoma City are updated hourly based on local gold and silver markets1.
- Investment Considerations: When investing in silver, it's important to consider factors beyond just the spot price, such as premiums for fabrication and distribution, especially for silver coins3.
Remember that silver prices are dynamic and can change rapidly. Always check the most current rates before making any investment decisions.