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The spot price of silver (as of late afternoon on February 5, 2009) is US$12.90 per troy ounce, implying that the spot value of the a 100 troy ounce bar is US$1,290.00. However, at the moment there is a dislocation in the market such that the "spot" price is not actually the price at which physical silver (actual silver metal, as versus paper representing it) trades. As an example APMEX, a dealer in precious metals, is offering to BUY a 100 troy ounce bar for US1,343.00 (http://www.apmex.com/APMEXTop40/Default.aspx), and has nothing to SELL at all (obviously, if they did, the sales price would be above US$1,343.00 - the same site is buying 1 troy ounce rounds for $13.43 and selling them for $15.47). Broadly speaking, if you had a bar you wanted to sell, you could get $1,343; if you wanted to buy one, you should probably expect to payabout $1,500 if you can find one at all.

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Q: What is the value of engelhard 999 fine silver 100 tr oz bar?
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