![]() ![]() ![]() ![]() The gap between the Bid and the Ask prices is known as the "spread," and it can be a reliable indicator of the market's liquidity. If you're looking to sell, you'll get the "Bid" price. To simplify, if you want to buy silver, you'll pay the "Ask" price. The "Ask" price is the lowest asking price currently available for that same commodity. The "Bid" price is simply the highest offer currently available for a given commodity right now. What are Bid and Ask prices, and what's the difference? To get the most up to date news on the silver market, look at our regular market updates. everything from interest rates, market indexes like the DJIA, macro-economic trends, foreign relations, fiscal and monetary policy, and much more. There are dozens of different economic factors which affect the price of silver. The spot price stays static during the 45 minute "quiet period" from 5:15 until 6pm EST on weekdays and from 5:15pm EST Friday until 6PM EST Sunday. Since this applies to both foreign and domestic exchanges, the spot price of silver updates Sunday to Friday, 6pm EST until 5:15pm EST every day. Silver spot prices update every few seconds while the market is open. Frequently Asked Questions About Silver Pricing How frequently does the silver price change? A certificate or ETF is simply a piece of paper which says that a financial institution or bank is holding a given amount of silver on your behalf - you never see the silver. These options differ from physical metal because the owner never has a chance to hold the silver itself. ![]() "Paper silver" is another way of investing in the metal it takes the form of certificates and ETFs. No matter which you choose, you have a huge array of options available for this investment vehicle. Some investors prefer government minted coins, as they are easier to sell, while others prefer the lower premiums they pay on bullion bars or rounds. The most common forms of physical silver bullion are coins, rounds, and bars - there are a number of size options for each form. You can purchase silver for investment purposes in a number of different forms, including silver bullion and paper silver. To other investors, silver is a valuable medium of exchange to use for trade and barter during an economic collapse. To some people, silver is a way of protecting themselves against devaluation in the dollar, and stock market ups and downs. Many investors have started paying attention to silver because of the way silver prices have gone up over the last decade. This way, our customers make their investments in market conditions which are as up-to-date as possible. That's why you'll see pricing update every few seconds when the market is open. Silver dealers use this spot price as a reference when calculating what to charge for physical silver metal, such as bars, rounds, and bullion coins.Īll the product pricing on our website is based on a certain premium to the spot price. The spot price is the result of many different factors affecting supply and demand for silver: the economy, recent events in the world, the supply and demand for paper currencies, plus many other different factors. It's been the standard unit for weighing precious metals since at least the 1800s in the United States the troy ounce has been used much longer elsewhere in the world. Silver price is calculated using a unit known as the troy ounce. Silver's Spot Price - What Is It, and Why Does It Matter? ![]()
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