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Compare Silver vs. Major Indices, the U.S. Dollar and Even History!
Using this chart, you have the option to view the long or short-term performance of silver against major indexes, crude oil and the U.S. dollar. You can even compare up three alternatives against silver at a time.
The silver price chart also gives you the option to view historical silver prices to supersize silver price history. You can choose to view a chart of spot silver price movements over different periods of time – from as little as 1 month to 10 years. You can see the low silver prices of late 2008, to the massive spike in April, 2011!
All this information should give you a good idea of what silver has done over the last 10 years or less.
What is the Silver Spot Price?
Silver spot price is what you will find displayed on this chart. It is the current market price for 1 Troy ounce of .999 fine silver. Also referred to as the current price of silver, it can change numerous times throughout the day. Prices can be taken 24/7 from exchanges around the world at different times. The most important exchanges are located in Chicago, Hong Kong, London, New York and Zurich.
What Will You Pay for Silver?
The price of 1 Troy oz. of .999 fine silver today on a retail level is determined by the current spot silver price, as well as premiums added by the Mint and the dealer. This additional cost is influenced by the following factors:
- Minting Costs
- Distribution Costs
- Marketing Costs
- Supply and Demand
- Payment Method
While no one likes premiums, they are essential to keep silver stacking alive and thriving. Without a profit, the system that allows silver to be purchased so easily on the internet would not last long!
Ready to Purchase Some Silver?
This silver price chart will always be visible to you at the top of GovMint.com, allowing you to stay privy to the information you need when browsing our selection of silver products. So go on! Start looking through it all, and make an informed decision when adding to your silver stack.