The Silver Alloy Value equation calculates value of silver items based on the weight of the item, percent silver content and current value of refined silver in U.S. dollars
INSTRUCTIONS: Choose units and enter the following:
- (W) Silver Alloy Weight
- (PP) Percent Purity
- Sterling silver is 92.5% (0.925) pure.
- Fine silver is 99.9% (0.999) pure.
Silver Value (SV): The calculator returns the value in U.S. dollars. However this can be automatically converted to other currencies via the pull-down menu.Computing Silver Value.
| Bullion SPOT PRICES | |||
| Metal | ($/gram) | ($/troy_oz) | |
| Gold | $135.657 | $4219.4 | |
| Platinum | $53.081 | $1651.0 | |
| Palladium | $46.49 | $1446.0 | |
| Silver | $1.86 | $57.85 | |
| Updated: 2025-12-05 05:40 AM UTC | |||
The Value of Silver Alloy is a two step process:
- The weight of the pure silver is established based on the input weight and the purity percentage.
- The current value of the pure silver is established by multiplying the weight of the pure silver by the current silver spot price.
The result is the price that silver is worth. But please note, this does not include refining fees and processing fees of the jeweler.
The weight can be in Troy ounces, pennyweight or grams. vCalc converts the weight into Troy Ounces and then fetches the current spot price for an ounce of silver.
The formula for the value of silver alloy is:
SV = W * PP * SPOT
where:
- SV = Silver Value
- W = Weight of Silver Alloy (e.g. scrap or junk silver weight)
- PP = Percent Purity
- SPOT = Current market spot price for silver.
Silver Calculator Functions:
- Bullion Silver Value - Computes the value of bullion (.999) silver based on weight and the current spot price.
- Silver Alloy (scrap) Value - Computes the value of scrap silver based on the purity, weight and current spot price.
- Junk Silver Value - Computes the value of junk silver (U.S. silver coins) based on the face value of the coins and the current spot price
- Junk Silver Coins - Computes the value of junk silver coins. It lets the user enter the number of different coins to compute the value.
- Clad Silver Value - Computes the value of U.S. silver half dollars between 1965 and 1970 based on the Face Value, a Clad Factor and the current SPOT price,
- How Much Silver Can I Buy - Computes the weight of silver one can buy based on the amount of money you have, the current price of silver and a retailer's markup.
Data Items
- Silver SPOT ($/g): $1.86 per gram
- Silver Spot ($/Oz): $57.85 per troy ounce
- Sterling Silver: 92.5 % silver purity
- Fine Silver: 99.9 % silver purity
SPOT PRICE Updated: 2025-12-05 05:40 AM UTC
SPOT comes from /www.xmlcharts.com/cache/precious-metals.xml