Troy ounces, grams and kilograms
Precious metals use troy ounces. One troy ounce equals 31.1034768 grams; one kilogram equals 1,000 grams. Always use the same unit on both sides of a price comparison.
THE SILVER GUIDE
A little clarity goes a long way.
Understand the language of silver before comparing a quote, a bar or a coin.
Purity and fine silver content
A gross weight of 1,000 grams at 99.9% purity contains 999 grams of fine silver. A product’s stated fine weight may already incorporate purity. Read the specification before using the calculator.
Spot price and retail premium
The spot reference helps describe wholesale metal value. Fabrication, distribution, demand for a particular product and dealer costs can affect a retail premium. The percentage premium is (retail price ÷ comparable metal value − 1) × 100.
Buying and selling are different quotes
The amount a dealer asks for a product can differ from its buyback bid. Compare total acquisition cost and likely exit costs, including delivery, storage and applicable taxes. Rules depend on the product and jurisdiction.
Physical ownership and storage
Personal possession, allocated storage and exchange-traded exposure involve different arrangements. Check title, insurance, counterparty terms and withdrawal conditions with the relevant provider. This site does not sell or hold metal.