What Is the Cost Per Ounce of Silver?

What Is the Cost Per Ounce of Silver?

As of July 22, 2015, the price of silver is $14.86 per ounce. Up to date silver spot price quotes can be found using precious metal exchange websites such as Apmex, Monex or JM Bullion.

The price of silver fluctuates with the precious metal exchange market. Similar to the stock and bond market, these fluctuations are caused by commodity trading and sentiment. Spot price is calculated based on many factors including current events, market speculation, currency fluctuations, supply, demand and buying power. Precious metals such as silver are global commodities and are often used to hedge against stock market declines.