Sterling Silver Price Calculator (Netherlands)
Here’s a comprehensive table with all you need to know about the Sterling Silver price in the Netherlands:
| Aspect | Details |
|---|---|
| Sterling Silver Price per Gram | €0.861 |
| Sterling Silver Price per Ounce | €26.364 |
| Sterling Silver Price per Kilo | €847.60 (calculated) |
| Purity | 92.5% pure silver1 |
| Current Date | November 17, 2024 |
| Price Trend (Last Year) | Up 39.11%3 |
| Highest Price (Last Year) | €29.638 per ounce (May 29, 2024)3 |
| Lowest Price (Last Year) | €20.283 per ounce (January 22, 2024)3 |
| Average Price (Last Year) | €24.442 per ounce3 |
| Current Market Status | Relatively favorable2 |
| Factors Affecting Price | Investment demand, industrial use, jewelry demand2 |
| Market Volatility | High, due to rapid changes in supply and demand2 |
| Regulatory Body | Netherlands Authority for the Financial Markets (AFM)2 |
Additional Information
Sterling silver, also known as 925 silver, is an alloy containing 92.5% pure silver and 7.5% other metals, usually copper. This composition makes it more durable than pure silver while maintaining its attractive appearance and value.
The price of sterling silver fluctuates based on various factors, including global economic conditions, industrial demand, and investor sentiment. It’s important to note that the prices listed in the table are spot prices, which represent the raw material cost.
When buying or selling sterling silver products, additional factors such as manufacturing costs, dealer premiums, and market conditions can affect the final price.
For those interested in investing in sterling silver or selling their silver items, it’s advisable to:
- Monitor price trends regularly
- Compare prices from different dealers
- Consider the form of silver (coins, bars, or jewelry) as it can affect the price
- Be aware of additional costs such as VAT or shipping when purchasing
- Understand that the buyback price is typically lower than the spot price due to dealer margins
Remember that while silver can be a valuable investment, its price can be volatile. It’s always wise to make informed decisions based on thorough research and, if necessary, consult with a financial advisor before making significant investments in precious metals.