Spot Silver Prices
Spot value is the most important indicator in judging the value of gold bullion bars, non-numismatic coins and rounds.
Although minting, taxes, dealer margins and shipping will all increase the purchase price of gold bullion, it is the spot price that has the biggest effect on value.
Therefore, it's very important to know exactly how much bullion is contained in the items you are looking to buy or sell - especially if you are bidding for items at auction or trying to sell your bullion to a dealer or smelter.
Precious metals are traded throughout the day in different markets.
The most active trading occurs in New York, London, Zurich, Tokyo, Sydney and Hong Kong.
The prices quoted in the charts below reflect the "spot" price of precious metals. The spot price refers to the price paid for immediate delivery.
The spot prices for gold and silver bullion are set by millions of traders buying and selling futures contracts, which are contracts to deliver gold or silver at some future date (in other words, gold or silver IOUs).
It is also the price that large industrial users and the mints pay before converting gold and silver.
Click the Image for Spot Silver-Prices
Silver prices are poised to shoot up dramatically for a number of reasons.
For one, supply of silver has dramatically gone down and demand has gone up. This is because silver consumed more than ever.
It is used in such things as cell phones, computers, band-aids, light switches, and reflectors in mirrors.
And secondly, the above ground silver supply has gone down dramatically.
In 1950 there was 10 Billion ounces. In 2011 there was only an estimated supply of between 500 and 700 million ounces.
Third, money is flowing to gold and silver, both as an investment and as an insurance policy against a weakened dollar.
Who and Where to Buy Silver and Gold From
They have tens of thousands of satisfied customers who have taken their financial future into their own hands by investing in gold and silver.
You can buy Gold and Silver securely right from their website and they deliver to all over the world.