What You Need to Know About Silver Purity and Pricing

Silver purity is typically expressed in fineness, indicating the percentage of pure silver in an alloy. For example, 999 fineness means 999 parts out of 1000 are pure silver.

The final showroom price of silver will always be higher due to making charges (which vary by design) and a 3% GST on top of the base silver price.

There are different types of silver, including fine silver (99.9% pure), sterling silver (92.5% pure), Britannia silver (95.8% pure), and coin silver (90% pure).