Sterling Silver Price Calculator (Chile)
Here's a comprehensive table with the most relevant information:
| Aspect | Details |
|---|---|
| Composition | 92.5% pure silver, 7.5% other metals (usually copper)4 |
| Hallmark | "925" or ".925" stamp indicating sterling silver4 |
| Current Price (as of Nov 14, 2024) | $30.14 per troy ounce1 |
| Price Change (YTD 2024) | Increased 26.89% since the beginning of 20241 |
| Price Forecast (End of Q4 2024) | Expected to trade at $32.96 per troy ounce1 |
| Price Forecast (12 months) | Estimated to trade at $35.54 per troy ounce1 |
| Historical High | $49.51 per troy ounce (April 2011)1 |
| Factors Affecting Price | Global silver market trends, jewelry demand, production costs3 |
| Industrial Uses | Photographic, jewelry, and electronic industries1 |
| Top Producers | Mexico, Peru, China, Australia, Chile, Bolivia, United States, Poland, Russia1 |
| Durability | More durable than pure silver due to copper alloy4 |
| Tarnishing | Prone to tarnishing, but can be plated for protection4 |
| Jewelry Market in Chile | Projected to grow by 7.58% (2024-2029)5 |
| Chile Jewelry Market Volume (2029 Forecast) | US$466.10 million5 |
This table provides a comprehensive overview of sterling silver, including its current pricing, composition, market trends, and specific information related to Chile's jewelry market. Please note that the actual prices in Chile may vary based on local market conditions and import factors.