Silver (symbol XAG) is quoted in US dollars per troy ounce on the LBMA and COMEX, like gold. The price you see here is converted to USD and normalized to per-gram, per-ounce, and per-tola rates. At $68.96 per troy ounce, silver costs $2.22 per gram and $25.86 per tola of .999 fine silver today.

Silver, like gold, is quoted per troy ounce (31.1035 g) internationally. Bullion coins (American Silver Eagle, Canadian Maple, Britannia) come in 1 oz denominations. Bars run from 1 oz up to 1000 oz (31.1 kg) for institutional-grade deliveries. Retail retail markets in the Middle East and South Asia use gram and tola pricing respectively.

Because industrial demand accounts for half of annual use, silver prices track both precious-metal sentiment (like gold) and the global manufacturing cycle. When solar panel installations surge or electronics demand spikes, silver rallies on industrial strength. When recessions hit, industrial demand contracts and silver can fall harder than gold. The gold-to-silver ratio (currently around 75–85:1 vs. a historical average of 60:1) is a common rotation signal for commodity traders.

For investors, 1 oz sovereign coins and 10 oz or 100 oz bars offer the best balance of liquidity and low premium. Silver carries a higher premium-to-spot ratio than gold (often 8–15% for retail coins) because of its low per-ounce value relative to handling costs. Be aware of VAT treatment: most of the EU charges VAT on silver (unlike investment gold), so buyers often store in VAT-free vaults in Switzerland or Singapore to avoid the tax hit. Sterling silver jewelry remains popular for its affordability and tarnish-resistant alloy.