what is an ounce of silver worth

The price of an ounce of silver varies depending on the current market conditions, supply and demand, geopolitical events, and other factors. As of October 12, 2023, the live silver spot price is $22.27 per ounce according to Monex. However, other sources report slightly different prices, such as $22.01 per ounce according to Money Metals Exchange and $23 per ounce according to Forbes. Its important to note that the price of silver is usually expressed in troy ounces, which equals 1.09711 Avoirdupois ounces. The value of silver is based on the metal content, and the price can fluctuate based on market trends and news.