Spot Price

Some where along the path of silver investment you will come across the term spot price. Simply put, this is the going price for one troy ounce of silver (Unlike a regular ounce, a troy ounce contains roughly 31.1 grams). Except, you cannot under most circumstances, buy a physical ounce of silver for that price. In this entry we will cover the topic of how the spot price is calculated and based on that spot price what you can expect to pay for an ounce of physical silver.