The silver calculator is a generic silver melt value calculator which can be used to determine the value of silver metal inside an item with a known weight and silver purity. These items may include silver jewelry (such as, bangles, bracelets, chains, earrings, necklaces, pendants, and rings), silver bullion and silver coins.
The silver calculator is designed to calculate the silver metal value for one item at a time. If you would like to calculate the silver metal value for multiple items simultaneously consider using the scrap silver calculator for scrap silver, the silver bullion calculator for silver bullion bars and coins, and the silver coin calculator for silver coins.
Table of contents:
- Calculation 1: Value of silver metal
- Calculation 2: Price based on a given melt value %
- Calculation 3: Melt value % based on a given price
- Potential use cases
- Feedback
- Additional information
- Disclaimer
Calculation 1: Value of silver metal
This calculation determines the value of silver metal based on the weight, purity, and bid price for silver metal.
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92.5% pure silver % |
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Live Price |
| * Unit weight conversions | ||
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| 1 avoirdupois ounce (oz) = 28.349523125 g | 1 baht = 15.244 g | 1 carat (ct) = 0.2 g |
| 1 grain = 0.06479891 g | 1 kilogram (kg) = 1000 g | 1 masha = 0.97 g |
| 1 milligram (mg) = 0.001 g | 1 pennyweight (dwt) = 1.55517384 g | 1 pound (lb) = 453.59237 g |
| 1 ratti = 0.1215 g | 1 tael (China - Treasury standard) = 37.5 g | 1 tael (Hong Kong) = 37.7993638 g |
| 1 tola (India) = 11.6638038 g | 1 tola (Pakistan) = 12.5 g | 1 troy ounce (oz t) = 31.1034768 g |
Calculation 2: Price based on a given melt value %
This calculation determines a price relative to the value of silver metal from calculation 1.
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Calculation 3: Melt value % based on a given price
This calculation determines how the price compares relative to the value of silver metal from calculation 1.
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Potential use cases
- General public: Make informed decisions when buying or selling silver.
- Cash for silver: Silver buyers can quickly calculate offers to sellers of silver.
- Silver cost calculator: Jewelers can calculate the cost of silver for jewelry they are making.
- Silver recyclers: Refiners can calculate the value of silver to be melted down.
- Businesses selling used silver jewelry: Pawnbrokers, antique stores, and secondhand jewelry stores can quickly calculate listing prices based on a price relative to the silver metal value inside the used silver jewelry.
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Additional information
- Sterling silver - most popular silver alloy, contains 92.5% pure silver. Look for the hallmarks "925", ".925", or "S925".
- Troy weight - preferred unit of mass for precious metals.
- Millesimal fineness scale - purity expressed as a proportion of 1000.
- Silver filled - a layer of silver mechanically bonded on the surface of another metal. The amount of silver is often unknown and thus cannot be used in the above calculators. Look for the hallmarks "SF" or "S.F".
- Sheffield plate, silver plated, silver electroplated, silver layered, silver overlay, rolled silver plated or silver leaf - a thin layer of silver on the surface of another metal. The silver layer is often so thin that the silver component only weighs a tiny fraction of the overall weight. They cannot be used in the above calculators because the weight of the silver component is unknown. Look for the hallmarks "SHEFFIELD", "SP", "S.P", "SEP", "HSP" or "S.E.P" or any mention of "PLATE" or "PLATING".
- Nickel silver, maillechort, German silver, argentan, new silver, nickel brass, albata, alpacca or silver tone - a copper alloy with nickel and often zinc. It contains no silver.
- Vermeil (silver-gilt or gilded/gilt silver) - pure or sterling silver coated or plated in gold or gold alloy. Look for the hallmarks "925", ".925", or "S925".
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Disclaimer
The calculators on this page are for information purposes only.
We do not buy or sell precious metals.
Silver melt value only
Silver is often used inside alloys (mixture of metals).
The calculator on this page is only calculating the value of the silver metal component.
Solid silver jewelry
The calculators assume homogenous (uniform) composition.
Silver price
Silver trades on international commodity markets.
This website uses the silver bid price which is different from the silver ask price and silver spot price:
- Bid price: The price for immediate purchase.
- Ask price: The price for immediate sale.
- Spot price: The price trading (buying and selling) is occurring for immediate delivery.
- Bid-ask spread: The difference between the bid price and the ask price.
Look under the silver price being used in the calculator to confirm when the price was last updated.
Live silver price
The live silver price is retrieved when the page first loads or when the currency is changed.
If you are on this webpage for some time then the price shown become less up-to-date, therefore we recommending refreshing the page every so often in this situation. The frequency you refresh is dependent on your tolerance for currency and price flucations and their effect on the calculator currency-denominated inputs and outputs.
Occasionally we are unable to connect to our live silver price feed.
If this occurs, the website will fall back to using the non-live silver price equivalent of the currency requested.
Non-live silver price
We aim to update the non-live silver price currencies once per hour.
Occasionally there will be a longer interval between updates.
All prices in this list should only be considered estimates due to small delays in data synchronization and the nature of price and currency fluctuations.
Other price influences
The silver metal value may only be one factor which influences the price.
Other factors may include, but not limited to:
- Diamonds or gemstones
- Luxury brands
- Antique (or collectible) value
- Bespoke jewelry which demonstrates craftsmanship.
- Coins with numismatic (or collector) value.
Rounding
We use a simple rounding algorithm in calculating currency-denominated values. This is due to accepting a large range of currencies and the need to present user-friendly numbers.
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