What Does Silver “Spot” Price Mean? You can think of it as the price of silver on the spot, right now. The spot price refers to the cost of one ounce (oz) of silver traded today. What silver’s unique ...

Typically, we’re used to seeing gold weighed in grams (g) or ounces (oz). One ounce is approximately 28 grams. The average retail consumer is unlikely to buy ... This led to an increase in gold prices ...