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 Gold $1,799.40   $7.90  Silver $23.52   $0.43  Platinum $1,035.60   $22.00  Palladium $1,970.50   $24.70

What’s the Current Value of a Silver Bar?

Silver bars are a popular option when there’s a preference for a physical form of this precious metal. According to Goldprice.org, silver bars have some of the lowest premiums over spot, or market, price of any common type of bullion available. If you’re interested in purchasing silver bars, make sure to work with a reputable precious metals dealer such as First National Bullion and Coin. Carlsbad collectors should take the following information into account when it comes to what they need to know about how much these bars are worth today.

Ounce-Size Silver Bars

Silver bar value depends largely on the size of the bar along with its purity. With purity, most bars sold are 99.9 percent fine silver, although you can also find ones that are 99.99 percent pure. One way to look at sizing and value is to go by ounces. For instance, A-Mark 10 ounce silver bars are available online for under $300 from some sources. However, if you go with 100 ounce silver bars, the lowest prices listed today are just over $3,000.

On a related note, if you simply say “silver bar” when looking to make a purchase, professional sellers typically assume you mean one that’s 1 troy ounce in size. According to the U.S. Gold Bureau, this is a common size for a standard silver bar. The value of single troy ounce silver bars varies by purity. If you get one that’s .999 silver, the current value is just below $25.

Gram-Size Silver Bars

When you go by grams rather than ounces, silver bars are more affordable today. According to Silvergrambars.com, a 1 gram silver bar has a current value of 78 cents. Even 10 gram bars are still under $10 at current value. With gram-size bars, 1 kilogram silver bars have the highest value, at nearly $760.

Minted vs. Cast Bars

Silver bars are typically either minted ingots or cast bars. Minted bars are made by stamping blanks during the manufacturing process. Cast bars are created by pouring silver in liquid form into a mold. Once the bar cools, the markings are added. Minted silver bars have a higher value, which will vary based on size, quality, and the current value of silver as a commodity.

Silver Price Trends

It’s important to be aware of the current value of silver in general as you go looking for bars to purchase. This also applies if you already have silver bars you wish to sell. For much of 2021, according to Silverprice.org, silver prices have been somewhat volatile. As of late November 2021, the price of silver is trading at slightly below $25 per troy ounce. However, this is still much higher than pre-pandemic prices for silver.

What Silver’s Current Value Means for You

Because silver bars come in so many different sizes and such a broad range of values based on purity, size, and other factors, it’s easy for both newer and seasoned investors to find smart buys. Another perk associated with bars is that the value is often easy to clearly determine and verify without the uncertainty that often goes along with silver coins and jewelry in terms of value. 

Whether they’re looking for the best place to buy or sell palladium bullion, gold coins, or silver bars, Carlsbad precious metals collectors can rely on the trustworthy professionals at First National Bullion. We can answer all your questions and help you find all the information you need on how a variety of precious metals can be a valuable part of your investment portfolio. Give one of our experienced dealers a call today at (760) 253-8072.

The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.

By |2022-05-25T22:55:39-07:00December 9th, 2021|Miscellaneous|0 Comments