925 Silver Ring Price
Silver has been prized since ancient times. The brilliant metal has been shaped into jewelry and used to make everything from tableware and chess pieces to clocks and hairbrushes. An excellent conductor of electricity, it is also used in industry and medicine. Like gold and platinum, silver is a precious metal. Long employed as a standard for currency, silver’s value changes from moment to moment on world markets.
Silver is sold by the troy ounce. Troy weight is an old system of weights and measures that was developed in the Middle Ages in Troyes, France. A troy pound consists of 12 troy ounces. A troy ounce is further divided into 20 pennyweights. In fact, the old, pre-decimal currencies of much of Europe were based on something roughly like the system of troy weight. Troy ounces are actually slightly larger than ordinary, or avoirdupois, ounces. Today, a troy ounce of silver is considered to be equal to 31.103 grams.
The Price Of Silver Per Ounce
Traders bid on the price of silver per ounce. Investors may purchase silver from the large exchanges in bars of either 5,000, 1,000, or 100 ounces. While silver may be kept at home or in a bank safety deposit box, many choose to have their purchases stored in a special depository. The large exchanges also offer purchase of silver on margins of as little as 20%. Investors play the market by holding their silver until prices have risen enough to make a sufficient profit. Around 2009, economic conditions have caused silver prices to jump from around $4 an ounce to the current price of over $17 an ounce.
Find The Current Prices of Silver Per Ounce
Visit an online site specializing in tracking the prices of commodities such as the ones listed in the Resources section of this article. Simply clicking on the link will take you to the correct page. Find the value of silver per ounce and in dollars displayed in a graph in the opened link. Such graphs show the value of silver over a 24 hour period. Refresh the page for the very latest prices if it does not do so automatically.