The silver spot price is the current price of one ounce of silver that can be bought and sold. The spot price of silver is used to determine the exact cost of silver coins or bars. The price of silver is ever-changing and adjusted by various factors, including supply and demand—inflation and strength of the dollar. The fluctuations of silver’s spot price are determined by COMEX, the most influential trading market for silver futures contracts that impact the silver’s spot price.
Futures contracts are used to manage price risk, buy and take future delivery goods bet on the price fall or rise. The Future Contracts can be of the current month or two or more months into the future.
The price of any given silver product is determined by the spot price of silver and its premium. Premium is the additional cost for the silver product and the spot price of silver, added by dealers to cover their overhead.
Silver has shown that even with low investments, you can make more profits. Historical data on the silver price chart has demonstrated that silver is comparatively performing better than gold. This information has caught the attention of many investors looking to make a profit off-of of precious metals.
Many people look upon silver to protect themselves from inflation, economic uncertainty, and political instability.
Silver is available in many forms in bullion, from bullion bars to bullion rounds and coins with many different sizes and weight options.
Paper silver in the forms of ETF and certificates is also available. You will own a paper that says you own silver without touching the silver held by an institution.
Unfortunately, it’s not possible to buy silver at spot silver price; however, it is possible to buy silver at low premiums at Bullion Trading LLC. Junk silver coins have lower premiums than other bullion silver products.
Visit our live silver prices chart to view silver spot prices today. We also provide the functionality to check silver price history through the silver price history chart.
Yes, the spot silver prices are the same all around the world. They are exchanged in local currency, varying from place to place; however, they are all converted from the U.S. Dollar.
Spot silver prices change every second for 24 hours a day during weekdays or market hours and halts on weekends.
The spot price of silver can be calculated by the future contracts price with the most volume.
The silver spot price is quoted in U.S. Dollars (USD). Silver is traded worldwide by converting it into their local currency in respect to the country silver is traded on.
The spot price of silver refers to the current ongoing immediate price of silver. If you buy silver that hasn’t been meddled with, you can essentially buy silver at spot price. If the silver is turned into a bar or coins, you must purchase it with a bit of a premium.
The bid silver price is the current highest market offer to sell to a dealer. You can expect to receive the bid price from the silver of sale. The ask silver price is the current minimum price for a dealer to sell in the market. You are offered silver at the given ask price when buying silver.
Silver futures contracts are standard, exchange-traded contracts. The contract buyer takes the delivery from the seller of a specific quantity at an exact predetermined price at a future date. The seller and the buyer agree on the contract to buy silver at a later date at a particular price.
COMEX, formally known as Commodity Exchange Inc, is responsible for metal trading. COMEX is an organized exchange for buying and selling futures contracts and options.
No, paper silver products cost less than physical silver. Physical silver bullion products are associated with mining, refining, minting, manufacturing, distributing, warehousing costs.
The main factors that cause changes to silver prices are supply and demand, inflation, technology, economic trends, the strength of the dollar, and various other factors. There are multiple reasons why silver prices change, and these are only a few of them.
Precious metals IRA is a precious metals investment retirement account where you can put precious metals for retirement. Learn more about precious metals IRA in Should you put gold & silver in your IRA?
While silver prices can be volatile and ever-changing, the same can be said for other assets. Silver has seen an increase in fees by 70% just this year. This increase in prices shows that silver is one of the most straightforward assets to invest in, with low risks and high rewards. Get a hand on your very own silver bullion products.
Yes, silver trading is available from 6 pm E.T. Sunday through 5 pm ET Friday. Silver trading follows holiday closures.
We, Bullion Trading LLC, have a procedure to lock in the specific price on silver products once your product has been ordered. You could also visit our local store at 20 West 47th Street Lower Level #24, New York, NY 10036 to get the best prices.
Yes, you are. This is the reason why we offer not only online services but also local shop experience. You can visit our shop at 20 West 47th Street Lower Level #24, New York, NY 10036, and get the best bullion experience.
Yes and no. Dealers may charge a fixed profit on specific products. In contrast, the profit markups may vary according to the condition, rarity, and other factors for bullion products.
One troy ounce is equal to 31.103 grams which is a little heavier than a regular ounce. The standard ounce weighs 28 grams.
Silver bullion is available in various forms, sizes, and designs. The different types of gold bullion are coins, bars, and rounds.
The silver price chart gives the historical data for silver prices over time. The silver price chart can be helpful in many ways and for any investor. Short-term investors may examine price data in small timeframes and devise a trend in the silver price chart to take advantage of it. Similarly, long-term investors may analyze price data in long timeframes, develop movements accordingly, and trade gold according to their preferences.
The gold and silver ratio is a ratio to compare gold and silver prices with each other. Investors can compare gold and silver prices and check which one is overpriced relative to each other.
The spot price is only one of the factors that contribute to finding the price of silver. Other factors like rarity and collectability come to play when determining the price of silver. Regular coins usually aren’t too far from the spot price of silver, but rare numismatic coins may sell for unprecedented prices.
Even if they have a legal tender face value, silver coins are typically worth more than their face value. The metal content is usually higher than the face value of these coins.
No, the spot silver price doesn’t reflect the dealer’s premium or costs. Dealers determine the markup through the spot price. These markups depend on the spot price, rarity, and the overall product.
Trading in gold and other precious metals is risky because the market is volatile. Past performance is not indicative of future returns. This is why we encourage you to read Our Terms and Conditions carefully before making purchases, selling, or placing orders with BULLIONTRADING LLC. Refer to Safety Tips from the CFTC (Commodity Future Trading Commission). These terms and conditions apply to all orders, all purchases, and all sales made through our website, telephone, or other channels.
In the event you do not fully understand the terms of this agreement, BULLIONTRADING LLC strongly encourages you to consult with your own experts. BULLION TRADING enters into transactions with customers on the reliance and belief that clients are aware of, understand, and agree to these terms.
These terms and conditions are effective as of March 11, 2022, and are binding to all new and existing customers and users.
The prices for gold, silver, platinum and palladium coins and bars keep on fluctuating because of the risk factors that cause price volatility. The risk factors include political development, war, pandemics, demand, and supply. It is important to keep this in mind when transacting with BULLIONTRADING LLC.
BULLIONTRADING LLC. Does Not speculate on the prices of precious metals. This means that we don’t make profits by buying gold when the prices are low and selling when prices go up. BULLIONTRADING LLC generates revenue through premium spreads. This is the difference between what Bullion Trading LLC pays & sells these items for.
Orders and inquiries can be made through our website, phone, or other suitable channels. Contact Us for information.
Inquiries are made by customers who are not ready to transact immediately. Customers can contact us or go online at Bulliontradingllc.com to get current market prices. The price quote and quantity available are subject to change. They can also contact us for guidance on buying and selling bullion coins and bars. You should note that the Price Quotations you receive when inquiring are Estimates because the prices of bullion coins and bars fluctuate daily, and the number of our stock changes all the time.
For example, The U.S Mint sets premium and minimum prices for American Eagles. Prices for American Eagles are determined by the current price of gold, silver, platinum, or palladium. The mint also charges a modest premium to cater to the cost of distribution and marketing. Consequently, the price of bullion coins and bars changes daily as the markets for gold, silver, platinum, and palladium fluctuates. Refer to the United States Mint’s Charges for Authorized Dealers.
Orders are made when customers are ready to transact immediately. The prices you get when ordering bullion coins and bars from us are an accurate reflection of the current market prices. Note that once you place an order, the prices are locked and are no longer subject to market conditions.
An order is placed when you finalized negotiations with our agents and an invoice is generated, not when the payment is made. Ordering and then bailing out or canceling after an invoice is generated makes BULLIONTRADING LLC incur losses. We incur losses because when you place an order, we consider the bullion coin or bar sold and will have hedged ourselves accordingly.
Disclaimer: To protect our company from losses, BULLIONTRADING LLC has implemented a Market Loss Policy.
An order starts when you finalize the deal with our agents, not when the payment is made. We generate an invoice immediately the deal is sealed either through our website or phone. We also count the bullion coin or bar as sold and will have hedged ourselves accordingly.
Customers who place orders, have invoices generated, and then cancel thereafter make us incur losses. To protect ourselves we have implemented a market loss policy. This means that you will incur penalties for ordering, having an invoice generated, and then bailing out. Once an order is placed, prices are locked and not subject to market conditions.
The moment you place an order an invoice is generated. If you cancel, and then gold prices decline you make us incur a loss. It is your responsibility to offset this loss if your order is canceled and your funds are returned. If this happens you will pay for the loss caused by a decline in the price of gold after a sale is made plus a cancellation fee of $35.00. This is our market loss policy.
To remain transparent and protect ourselves from risk we might require credit card information from every customer even if payment will be received through a different channel. We also will ask for immediate confirmation of the amount locked in. This gives us an avenue to compensate ourselves for losses in the event a customer places an order and then fails to pay.
However, if the price of bullion coins and bars stays the same, we usually don’t enforce our market loss policy because we don’t incur losses. If the price goes down we charge a market loss fee which is equal to the amount BULLIONTRADING LLC would have lost because of the unpaid order.
Bullion Trading LLC only accepts payments in the form of bank transfers, certified checks or personal checks. The method you use to pay us is determined by the number of bullion coins and bars you are willing to buy from us as follows:
If Using A Credit Card You Are Agreeing To The Following Terms:
You agree that you have sufficient experience and knowledge to make informed decisions to purchase from and/or sell to BULLION TRADING LLC. You openly acknowledge that you are making all of your decisions in connection with purchases and/or sales. BULLION TRADING LLC is not making any decision on your behalf concerning purchases and sales.
You also openly acknowledge that you are subject to a variety of risks that are beyond the control of BULLION TRADING LLC. You openly acknowledge that BULLION TRADING LLC is not liable or responsible for the risks you incur while trading with us. Those risks include, without limitation, risks associated with the price volatility of bullion coins and bars. Market conditions or other disruptions such as technical problems may make it impossible for you to liquidate bullion coins and bars bought from us. You have the freedom to liquid the coins and bars at market prices acceptable to you.
All investments involve risk – bullion coins and bars are no exception. The value of bullion coins (e.g., American Eagles or Maple Leafs) is affected by many economic factors. The current market price of bullion coins and bars is determined by perceived scarcity and other factors. Some of these factors include quality, current demand, and general market sentiment.
The price of bullion coins and bars keeps on fluctuating and this means that they are not a suitable investment for everyone. Since all investments, including bullion coins and bars, can decline in value, you should make an informed decision. It is a good idea to have adequate cash reserves and disposable income before investing in bullion coins and bars.
You shall indemnify and absolve BULLION TRADING LLC and its affiliates, directors, officers, and shareholders collectively. You agree to compensate the indemnified parties for and against any costs, damages, expenses, liabilities, and obligations. They include without limitation to reasonable attorney fees that the Indemnified Parties may incur as a result of, or in connection with:
(a) Any breach of any representation or warranty made by you to BULLION TRADING LLC or,
(b) Failure to comply with these terms and conditions or the policies adopted by BULLION TRADING LLC.
You acknowledge that you are subject to the limitations of liability contained in these terms and conditions, the disclaimer, and other policies adopted by BULLION TRADING LLC.
If you suffer indirect, punitive, or speculative damages BULLION TRADING LLC is not liable to you. Any transaction between us and you pursuant to these terms and conditions, and any liability of BULLION TRADING LLC to you shall be limited to:
(a) The amount, if any, that you paid in such transaction or,
(b) $100 compensation. We are not, in any event, liable for any indirect, punitive, or speculative damages.
BULLION TRADING LLC privacy policies are found in the Disclaimer, Ordering Policy, and the protection of credit card information. These terms and conditions may be updated from time to time depending on the market forces and the legal landscape.
Upon any failure by you to comply with your obligations to BULLION TRADING LLC, the company shall pursue the rights and the remedies available to us. Either by law, through equity, or otherwise. It includes without limitation rights and remedies under these terms and conditions.
Breaching our rights may make BULLION TRADING LLC turn your account over to a collection agency, or a lawyer for collection. BULLION TRADING LLC will not fail in exercising any rights or pursuing any remedies in the case we suffer losses or damages.
Note: Failure by you to comply with these terms and conditions, may make BULLION TRADING LLC charge the credit card on which you have provided. This includes without limitation any and all market losses incurred by BULLION TRADING LLC, including cancellation fees, for ordering and then canceling at the last minute. You openly authorize BULLION TRADING LLC to charge your credit card for all losses caused by you violating our ordering policy.
BULLION TRADING LLC is an authorized dealer and a professional organization. We maintain a professional relationship with all our clients. We don’t enter into relationships such as agent-principal relationships, employee-employer relationships, franchisee-franchisor relationships, joint venture relationships, and partnership relationships with our clients.
You cannot forfeit these terms and conditions, your rights, or your obligations as they apply without the prior written consent from BULLION TRADING LLC. You may be granted permission to forfeit your rights or it may be withheld by BULLION TRADING LLC at its sole discretion. These terms and conditions shall be binding to all parties that trade with BULLION TRADING LLC.
If you violate these terms and conditions BULLION TRADING LLC will take action against you. It may include without limitation, turning your account over to a collection agency, or a lawyer for collection. You shall pay all of the costs and the expenses incurred by BULLION TRADING LLC, including without limitation to reasonable attorney’s fees.
BULLION TRADING LLC maintains professional relationships with clients. This is why we make sure that any grievances are resolved expeditiously. We agree that all disagreements and disputes with our clients should be resolved in accordance with the provisions below.
Because we value the relationship with our clients, we opt for arbitration or mediation as a channel for dispute resolution instead of going straight to state/federal courts. However, if arbitration or mediation fails, we may be forced to take legal action in state/federal courts in the State of New York.
These terms and conditions are governed by and interpreted in accordance with the laws of the State of New York. These terms and conditions do not take into consideration the possible violation of laws in other jurisdictions.
BOTH BULLION TRADING LLC AND YOU HEREBY WAIVE THEIR RIGHT TO TRIAL BY JURY IN CONNECTION WITH ANY DISAGREEMENT OR DISPUTE RESULTING FROM, OR IN CONNECTION WITH THESE TERMS AND CONDITIONS; OR THE TRANSACTIONS UNDER THESE TERMS AND CONDITIONS. Both BULLION TRADING LLC and you also waive any arbitration requirements to which they might be subject.
If BULLION TRADING LLC cannot perform any obligation hereunder as a result of any event that is beyond its control, the company shall be excused and shall not be liable for any damages as a result of, or in connection with, such delays, or such failures.
You shall sign and avail other documents, or take actions that assist BULLION TRADING LLC in enforcing the provisions of these terms and conditions.
Except as provided in these terms and conditions, all notices, and other communications to BULLION TRADING LLC shall be directed to it at 20 West 47th Street Lower Level #24, New York, NY 10036. All notices and other communications to you shall be sent by BULLION TRADING LLC, to the address that you provided to us at the time of your registration, or to the email address that you provided to us at the time of your registration.
BULLION TRADING LLC may record phone conversations between you and company agents or representatives. You consent to the recording of such phone conversations.
A decision or a failure by BULLION TRADING LLC to take action with respect to any non-compliance with these terms and conditions does not affect the ability of the company to enforce the terms and conditions with respect to other violations. Whether the violations are similar or dissimilar in nature.