Smart investors check the chart for current rates right before they buy precious metals. COMEX is reliable source to access indices for the price of silver, as the prices today will not be the same as yesterday, an hour ago, or in the future. Whether an investor is buying, trading, or selling silver, it is important to verify the spot price. It is the current trading value of silver and other precious metals, as well as certain other commodities. "Whether an investor is buying, trading, or selling silver, it is important to verify the spot price." This refers to the price silver can be exchanged and delivered right now. When investors check the NASDAQ live feed in the morning or go online to visit a website to find out the current value of silver, the spot price is what matters. There continues to be a strong market for silver around the world, as evidenced by the averages and NYSE. The current demand for silver is for industrial applications and investment purposes, including bullion coins and exchange traded products. Most have commemorative designs and have a weight of 1 troy ounce of silver. However, hard money enthusiasts may use them as investment vehicle. Privately minted coins are referred to as silver rounds, which are not legal tender. The Canadian Silver Maple Leaf coins are legal tender valued at about USD $5 per ounce. Some countries, including the USA, continue to mint bullion and collectible coins.Īn example is the American Silver Eagle, which has a nominal face value i.e. British Gold Britannia (Queen Elizabeth II)ĭecades ago, the silver standard came to an end in developed countries, which means silver was no longer considered legal tender.
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