Silver Live Price
What is Silver?
Silver is a soft, white metal identified by the symbol Ag. Silver is principally obtained from the ores of metals such as copper and is produced in Australia, Mexico and several South American countries. To fully grasp the purity of your silver item you need an appreciation of what hallmarks are and why they are important.‘
Different grades or purities of silver
The purest form of silver which is commonly found in the UK is silver .999 or ‘fine silver’. This is not an uncommon purity in jewellery but is a standard for investment bullion bars and coins.
Silver .958 or ‘Britannia Silver’ is slightly softer and therefore easier to work with than the more common Sterling. Britannia Silver has been produced from the late 17th Century until the present, particularly in the manufacture of high grade table ware.
Silver .925 or ‘Sterling Silver’ is probably the most common purity for silver items, including jewellery in the UK and is often identified by a lion mark. 925 silver was also used to mint silver UK coins before 1920.
Silver .830 is most commonly found on older Scandinavian silver, being the standard purity in Norway until the 1920’s when .925 began to grow in popularity.
Silver .500 (50% silver and 50% copper) was used to mint UK silver coins between 1920 and 1947, after which date they were minted in cupro-nickel.
In order to calculate a price for a silver item, the live silver price is applied to the weight of pure or fine silver in an item, rather than the overall weight of the product. For example, if the spot price of silver was £12 per troy ounce, and you have one ounce of 830 silver, your silver would be roughly worth £9.96.
Our silver Price Chart allows you to see the fluctuating price of silver over a period of hours, days, months or years.
