Question 1

Why is silver priced per troy ounce instead of a regular ounce?

Accepted Answer

Precious metals have used the troy system since the Middle Ages. A troy ounce is 31.1035 grams — about 10% heavier than the 28.35-gram avoirdupois ounce used for groceries. All global silver benchmarks quote per troy ounce, so the convention keeps everyone on the same unit.

Question 2

How much silver is in a 1-ounce coin?

Accepted Answer

A 1-ounce bullion coin like the American Silver Eagle contains exactly one troy ounce of pure silver. Some coins, like 90% US junk silver, contain less — about 0.715 troy ounces per dollar of face value after wear — so their price tracks spot differently.

Question 3

What will I actually pay for one ounce of silver?

Accepted Answer

Expect spot plus a premium. As a rough guide, 1-ounce government coins often carry premiums of $3–$6 over spot, while 1-ounce private rounds are cheaper. Check the live per-ounce price above, then add the dealer's stated premium.

Question 4

Is the per-ounce price the same worldwide?

Accepted Answer

The US-dollar spot is the same globally, but your local price in another currency moves with the exchange rate. Local taxes, import duties and dealer competition then add regional differences on top.

Question 5

How do I read the XAG/USD quote?

Accepted Answer

A quote of XAG/USD 34.50 means one troy ounce of silver costs 34.50 US dollars. If the number rises, silver is strengthening against the dollar; if it falls, it is weakening.

Troy ounce (31.10 g)	$53.99
Gram	$1.74
Kilogram	$1,735.69
Tola (11.66 g)	$20.24

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