The current silver price can be found by doing a web search. Silver is part of the periodic table with the periodic symbol Ag which is derived from the Greek word arguros, which has an Indo-European root meaning of grey or shining. Silver is a very malleable, ductile piece of metal with a much higher electrical conductivity then copper.
In fact, it has the highest of all the metals but has not been widely used due to the current silver prices then and now being so much higher then copper. Silver is described as a soft, white, lustrous, metal. An interesting fact about silver is that during WWII 13,450 tons of silver was use in electromagnets to enrich uranium largely due to the copper shortage that was going on at that time.
The current silver price will affect the cost of items just like gold. Silver has been used largely in jewelry, currency, ornaments and high end flatware. Silver is also widely used industrially from photographic film to being used as a conductor in mirrors. The current silver price will fluctuate on a daily basis and has seen better days in the past where it traded closer to $50.00 dollars a ounce. So what affects the current silver price? Many people think that, like gold, it’s safer to invest in than paper currency.
This may be true due to the fact that one of the biggest things that affects the current silver price is the U.S. dollar exchange rate against other international currencies. Based on the current silver price, it may be a good time to invest in silver. It’s at a much lower rate than it previously has been and should be thought of as a long term investment since the current silver price changes daily and may not reach an optimal height till long into the future.
The U.S. stopped minting silver coins in 1964. The last circulating silver U.S coin was the 40 percent half dollar minted in 1970. Like the U.S, Canada minted there last silver coins in 1968 which were included the 50% dime and 50% quarter. However, much like the United States mints, the Royal Canadian mint still produces a wide variety of collectible silver coins. The current silver price will affect the price you receive for your items when you go to sell your old silver flatware or jewelry to jewelry buyers. Unlike silver bullion, which is largely bought at a small percentage back of the current silver price, jewelry and flatware and things of this nature are bought at a larger cost back of spot to cover the cost of refining on these items.
Monday – Friday: 9:30 am – 4:30 pm
Saturday and Sunday: Closed
