The silver market is much smaller in value than the gold market. The London gold bullion market turns over 18 times more monetary value than silver. With physical demand estimated at only $15.2 billion per year, it may be possible for a large trader or investor to influence the silver price either positively or negatively.
American Eagle silver coins; Silver Canadian Maple Leafs; Morgan Silver dollars; You do of course have the option of melting down a silver coin or piece of jewelry and selling it for the current price of silver per pound on the open market, but that's the lowest value you could get for anything made of silver.
Current Silver Gram Bar Values The values below only reflect the intrinsic silver value, not rarity value. As the price of silver increases, smaller gram-sized bars may become more popular (for example, one-ounce coins will not be as affordable).
The current silver spot price is $14.76 per ounce. This live chart show's today's silver price in real-time. Spot prices are derived from 24-hour trading around the world and are the basis upon which silver dealers set the price for physical metal.