What is value of ten ounce silver bar?

Answer 1

Some bullion merchants will rely on a 'fix' price (i.e. set once a day (twice, for gold) by the London Bullion Market Association), while others rely on a constantly-varying 'spot' price.

Of course, in order to make a living, merchants have to buy at slightly less than the official price (if you are offered less than 95% of the actual price, go elsewhere) and sell at more than the official price (about 110-120% of the price is standard; in some countries such as the UK there is additionally a 17.5% tax on silver which is not payable on gold, hence expect to pay up to 140% of the official price).

The latest 'fix' price for an ounce of silver (and gold) can be found here :

http://www.lbma.org.uk/statistics_current.htm

The latest 'spot' price can be found here :

http://www.taxfreegold.co.uk/silverpricessterling.html

http://www.taxfreegold.co.uk/silverpricesusdollars.html

Graphs of silver and gold prices can be found at :

http://www.kitcosilver.com/charts.html

http://www.kitco.com/charts/livegold.html