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Silver Alloy Value

Last modified by
on
Oct 1, 2024, 4:56:10 PM
Created by
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Dec 7, 2015, 4:47:23 PM
Silver Value=weightSPOT(silver)(92.5%)Silver Value=weightSPOT(silver)(92.5%)
(W)Silver Alloy Weight(W)Silver Alloy Weight
(PP)Perecent Purity(PP)Perecent Purity
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30c89c30-9d02-11e5-9770-bc764e2038f2

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:

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.

Current SPOT USD   ($/gram)  ($/troy_oz)   
Gold $92.662 $2882.11  
Platinum $31.315 $974.01  
Palladium $30.608 $952.02  
Silver  $1.033 $32.13  

Computing Silver Value

The Value of Silver Alloy is a two step process:

  1.  The weight of the pure silver is established based on the input weight and the purity percentage.
  2.  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.

SPOT comes from /www.xmlcharts.com/cache/precious-metals.xml

Silver Calculator Functions: 


This equation, Silver Alloy Value, references 2 pages
This equation, Silver Alloy Value, is used in 1 page
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