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What is the cost of spot silver?

The silver spot price fell from $26.41 an ounce on 1 January 2021 to $23.35 on 31 December 2021. Silver shed a further 4.1% in January 2022, making it the worst performer in the precious metals sector. Silver peaked at $24.50 an ounce in the third week of January but sank to $22.39 at the end of the month.

What are spot silver prices?

The spot silver price is the price at which silver may change hands and be exchanged right now in the physical form. The spot silver price should not be confused with say the price of a silver based ETF, where an ETF’s price may be based on multiple factors.

What is spot price silver?

The spot price of Silver is the current price in the Precious Metals marketplace at which a raw ounce of Silver can be bought and sold for immediate delivery. The Silver spot price fluctuates constantly, making it important for investors to stay up to date on current events, market conditions and other performance indicators, as they affect both the buying and selling of Silver. The price you will pay for any Silver product is the spot price plus a premium, which is added by all dealers to ...

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