$51.89
31.1034768 grams
UNDERSTAND / USD PRICING
What does a silver price mean?
Read the unit, the time and the market before comparing the number.
Spot, benchmark, retail
Spot market reference
A spot quote refers to near-term metal delivery in a particular market. Provider, timestamp, bid versus ask and market conditions can change the number you see.
London benchmark
The LBMA Silver Price is established through an auction starting at noon London time on working days, in US dollars per troy ounce. ICE Benchmark Administration independently administers it. A daily benchmark differs from a continuously changing spot quote. Source: LBMA FAQs.
Physical product price
A bar or coin can cost more than its silver content because of fabrication, distribution and dealer margins. Delivery, taxes and other charges can add to the total. The resale bid may differ from the original purchase price.
Units matter
A troy ounce is 31.1034768 grams. It differs from an ordinary avoirdupois ounce. For gross-weight inputs, multiply by fineness to calculate fine silver content.
The same reference, three units
Derived from the dated $51.89/troy oz reference above; rounded for display.
$1.6683
Reference price ÷ 31.1034768
$1,668.30
Reference price × 1000 ÷ 31.1034768
This site has no licensed streaming price feed. Do not treat the reference snapshot as today’s current dealing price. Use the original provider for updated information.
Use your own price in the calculator →