Silver Ingots

Does the spot price for silver mean per ounce? Say if the spot price is 10.40 does that mean per ounce?

i want to start buying silver ingots and trying to fing out how much there worth. Thanks for all ur info.

Yes and no. It is per oz, but it is per Troy oz which is different to a normal ounce. Go figure.

A troy ounce is 32.15 grams (I might be wrong, I’m working from memory – it might be 32.14 grams, I forget).

Bear in mind though, that the silver price quoted is always for the scrap value. Ingots and bars will have a premium over that price and if the bar is rare or collectible, that premium might be substantial. You need to do a lot of individual investigation.

Coins will have the underlying scrap price but usually hold some sort of numismatic value too. This is an area into which you really need to research hard and invest carefully. It is not really a place for real beginners.

Buy silver, gold bullion bars, coins, ingots in the UK – Click link to shop

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