Posted 01 Jan 2005
The silver price today can vary widely in the spot silver market. The silver prices today are shown below in troy ounces. 1 troy ounce = 31.1034768 grams. I recommended buying silver when it was "extremely cheap" around $10.50 per ounce, have followed it through backwardation with gains over 50% and am still fond of the white metal. The 200DMA is the 200 day moving average. The Relative number is the current price divided by the 200DMA. This shows whether the metals are cheap, average value, expensive or really expensive. The goal is to buy low and sell high.
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RunToGold.com silver prices today are provided by a data feed from GoldMoney. For third-party storage we recommend GoldMoney and for physical possession we recommend GoldSilver because of the great prices and A BBB rating.
The silver price is sometimes referred to as world silver price, New York silver price, London Metal Exchange silver price, spot silver price, market silver price and silver bullion price. These silver prices are indications of the current trading silver prices for one troy ounce of silver on world silver exchanges.
The silver price used in the silver price charts on Run To Gold are the 24 hour Spot Silver Bid Price which are discovered in New York, London, Hong Kong and Sydney. These silver prices are quoted in Federal Reserve Note dollars (FRN$). Throughout the world the silver prices today are often displayed in currencies other than the FRN$ and are converted into the local currency.
Like all silver prices, the current silver price today reflects the inherent value of silver and the relative strength of the underlying fiat currency. For example, the FRN$ price of silver may increase more in percentage terms than silver priced in Euros. The reason would be that the change in silver prices is a reflection of FRN$ weakness against the Euro and would not be the result of the change in the intrinsic value of silver based on the silver market fundamentals.
The current cost of silver today is determined by industrial, investment and jewelry demand. The current silver price graphs show that a graph of silver prices is increasing which means investing in silver for profit may be possible given the sliver price.
The cheapest silver prices can be obtained from silverspot price as the silver value graph shows 1 troy oz silver value. The price of silver graph shows that price of sil is increasing in silver graphs which means investing in silver for profit may be done as the price of silver, or silver prie, can be obtained from silver prices graph as the silver price graph shows silver spot pric.
Run To Gold silver price charts are updated every 1 minute for both the live silver price charts and the moving averages. The 50 day and 200 day moving average silver prices are the sum of the average sliver prices for the most recent 50 or 200 trading days.
The price of sliver can vary tremendously. As you watch the average silver prices you will be able to get a better feel for the market. The monetary metals of gold, silver and platinum are a great way to store wealth and can be used to perform accurate metal calculations of value using tools like the Numeraire spreadsheet. Now is a great tim to buy silver.
