What is one troy ounce .999 fine silver worth?

Answer

As of late June, 2014, one troy ounce of .999 fine silver is worth $20.87. This price constantly fluctuates, depending on the market, but has stayed within three dollars of this amount over the past year.

A troy ounce is the most commonly used form of measurement for the amount of silver in relation to the price of the silver. It is generally referred to as an ounce, but it is 1.09714 ounces. It is the easiest way to weigh silver.

During the 19th century, silver was one of the most precious metals. In 2014, it is now one of the lowest on the scale of precious metals in relation to its price. As the amount of gold around the world begins to decrease and there is less new gold found, the price of silver is expected to rise.

During the year 2005, silver prices took a big leap. They went from around $5 dollars per ounce up to around $11 per ounce. From 2005 until 2014, silver steadily increased in price, with a big leap up to $50 per ounce in 2011. Prices are expected to continue to rise after the year 2014 and as the demand for silver gets higher.

Silver is an investment piece. It is something that will take a long time to reach any type of noticeable profit, but it will be a worthwhile investment when the time comes that silver prices are higher than ever. Investing in silver when prices are at around $20 per ounce is a way to get an investment for a small price and turn it around years later for a bigger profit.

Q&A Related to "What is one troy ounce .999 fine silver worth?"
See Related Links. The spot price of silver fluctuates daily. See the Related Link for "Kitco: Spot price of precious metals" for the current value. According to this morning's
http://wiki.answers.com/Q/What_is_the_value_of_one...
This will go for about 20 dollars if you can find a
http://www.chacha.com/question/how-much-is-one-tro...
The value varies literally from minute to minute, depending on the market spot price. Right now, it's about $27 per ounce. I suggest you hang on to these - better yet, go buy a few
http://answers.yahoo.com/question/index?qid=201207...
One troy ounce of .999 fine silver is currently worth 16.09. One ounce of gold is currently $1,002.80. report this answer. Updated on Wednesday, February 01 2012 at 02:11PM EST. Source
http://www.kgbanswers.com/what-is-the-value-of-999...
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