NYC Sterling Silver Price Calculator
Here’s what you need to know:
| Aspect | Details |
|---|---|
| Sterling Silver (925) Spot Price | $0.94 per gram1 |
| Bid Price | $0.91 per gram1 |
| Ask Price | $1.01 per gram1 |
| Price per Troy Ounce | $29.16871 |
| Daily High (per oz) | $29.52171 |
| Daily Low (per oz) | $29.07531 |
| Price per Kilogram | $9381 |
| Price per Tola | $10.93831 |
Additional Information
Composition: Sterling Silver is 92.5% pure silver, with the remaining 7.5% usually being copper or other metals1.Market Trends: The silver market has shown significant growth, with the overall silver price increasing by 44.85% over the past year2.Factors Affecting Price:
- Global economic conditions
- Industrial demand
- Investment demand
- Currency fluctuations
Buying and Selling:
- The ‘ask’ price is what buyers pay when purchasing from a dealer
- The ‘bid’ price is what sellers receive when selling their silver
- The difference between these prices is known as the spread or bid-ask spread3
Investment Considerations:
- Silver prices can be volatile
- It’s important to consider the gold/silver ratio when making investment decisions
- Prices for physical silver will typically be above the spot price due to dealer markups and distribution costs3
This table and additional information provide a comprehensive overview of Sterling Silver prices in New York City, helping you make informed decisions whether you’re buying, selling, or investing in silver.