Commodities
Silver Price Hits New High at $68.08 Per Ounce
The current price of silver has been made available through KITCO's 24-hour spot chart. According to their data, the value of fine silver is $68.08 per ounce at 99.99% purity.
This means that 999 Fine Silver would be valued at this rate, with a corresponding decrease in value for lower purities. For instance, 925 Sterling Silver is worth around $62.96 per ounce, while Coin Silver at 90% purity is valued at approximately $61.26 per ounce.
It's essential to note that the estimated metal value provided by KITCO only accounts for the intrinsic value of the silver and does not include any retail premiums that may be applied to physical products.