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The price asked for anything varies from year to year: food, materials, metals, everything. SOME things are used to reckon worth. The two most important materials are both metal: gold and silver. For these metals, it is important to know how much "cheap" metal is mixed with the precious metal. For gold, purity is measured in Karats: 24 Kt is pure, 12 Kt is a half and half mix (often with copper or silver). The purity of silver is given in percentage, and one particular percentage is called Sterling which is 92.5% Another well known alloy or mixture is coin silver which is 90.0%. In working out the value of precious metals, only the precious metal percentage counts, and its weight, and the current price per ounce.

PURE silver price has varied in recent years between four dollars and thirty two dollars. The price is given for a weight of one gram or one ounce.

Today (September 9 2013) the price per ounce varied between $23.45 and $24.00.

The OUNCE which is used to weigh silver and gold is not the Avoirdupois ounce ( the one used in the kitchen) but instead the TROY ounce which weighs a bit more. AND there are 12 Troy ounces in a Troy pound.

So to answer the question, "How much is a (Troy) pound of silver worth? you need to know the current price of pure silver and the purity of the silver in the pound.

So the value is today's price per (TROY) ounce times purity percent/100 times 12 troy ounces per troy pound.

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