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Fine silver is worth $64.76 per troy ounce, and sterling (.925) $59.96. The troy ounce is the unit the international market quotes in, and the one bullion coins and bars are usually sold by.
Prices last updated
| Purity | Silver content | Value per troy ounce |
|---|---|---|
| Fine silver (.999) | 99.9% | $64.76 |
| Britannia (.958) | 95.8% | $62.10 |
| Sterling (.925) | 92.5% | $59.96 |
| Coin silver (.900) | 90.0% | $58.34 |
| Continental (.800) | 80.0% | $51.86 |
Melt value only, before dealer margins. Most jewellery and flatware is stamped 925; pre-1965 US dimes, quarters and half dollars are 900. Other units: per gram, per kilogram, per tola, per pavan.
One troy ounce of fine silver is worth about $64.76 at the current spot price of $64.83 per troy ounce.
Sterling is 92.5% silver, so one troy ounce of .925 sterling holds about $59.96 of silver at the current spot price. That is the melt value of the metal only — refiners and scrap buyers typically pay 80–95% of melt, and antique or designer pieces can be worth considerably more intact than melted.
Silver purity is stamped as fineness, not karat: .999 is fine silver, .958 is Britannia standard, .925 is sterling, .900 is coin silver (pre-1965 US dimes and quarters) and .800 is a common continental European standard. The table above starts from the pure spot price per troy ounce and multiplies by each fineness to get its melt value — there is no premium or discount beyond that percentage.