Current Value of a Silver Bar

Silver’s price has surged over 180% in the past year, nearing $100 per ounce due to industrial demand and geopolitical tensions. However, the spot price is just the starting point for retail investors, with actual costs influenced by dealer markups, minting costs, and market demand. For instance, a 10-ounce bar priced at $950 based on spot may sell for over $1,050. Investors should also weigh liquidity, storage, and price volatility when considering silver purchases.