The Silver Price Calculator is a valuable tool for anyone involved with silver. It converts the weight of silver from grams to troy ounces—a standard unit of measure in precious metals. The calculator then multiplies this weight by the current market price and adjusts for the purity of the silver, providing the total market value.
Formula of Silver Price Calculator Gram
To calculate the value of silver, use the formula:
Value = (Weight (in grams) / 31.1035) * Current Price per Troy Ounce * Purity Factor
This formula helps determine the exact value of silver based on three key elements: the weight in grams, the current silver price per troy ounce, and the purity factor, which varies by type of silver.
Table of Silver Purity
Here’s a detailed look at different types of silver and their purity levels:
| Name | Purity (Decimal) |
|---|---|
| Fine Silver | 0.999 |
| Sterling Silver | 0.925 |
| Coin Silver | 0.900 |
| Britannia Silver | 0.958 |
| Mexican Silver | 0.925 |
| German Silver | 0.800 – 0.900 |
| Alpaca Silver | 0.600 – 0.900 |
| Tibetan Silver | 0.600 – 0.800 |
| Thai Silver | 0.925 – 0.975 |
| Indian Silver | 0.900 – 0.950 |
| Chinese Silver | 0.900 – 0.999 |
| Russian Silver | 0.875 – 0.960 |
| Italian Silver | 0.800 – 0.925 |
| French Silver | 0.800 – 0.950 |
| Spanish Silver | 0.925 – 0.980 |
| American Coin Silver | 0.900 |
| Austrian Silver | 0.800 – 0.900 |
| Swiss Silver | 0.800 – 0.950 |
| Turkish Silver | 0.800 – 0.925 |
| Egyptian Silver | 0.800 – 0.950 |
Example of Silver Price Calculator Gram
For instance, if you have a 50-gram silver bar of Sterling Silver (.925 purity) and the current price per troy ounce is $25, the value would be calculated as follows:
Value = (50 / 31.1035) * 25 * 0.925 = $37.04
This example clearly shows how each element of the formula affects the final valuation.
Most Common FAQs
The current price of silver can be found on financial news websites, commodity trading platforms, and apps dedicated to precious metal trading.
The purity of silver significantly impacts its price. Higher purity means more silver content and higher value.
A troy ounce is a unit of measure commonly used for precious metals, where one troy ounce equals approximately 31.1035 grams.