The price of silver is calculated by weight. This price is the dollar price per ounce of silver. There are several weighing methods in precious metals and gemstones market. The troy system is the most commonly used system in the world. One troy ounce is about 3 1. 10g. An ounce is about 28.35 grams. Silver in the domestic market is priced in grams/RMB.
Extended data;
The use of silver
The first is the use of articles, most of which are mainly ornaments.
First of all, silver belongs to precious jewelry like gold, and the processed silver jewelry is also very beautiful; Beautiful and generous, the whole person looks white; Silver has a certain disinfection and sterilization effect,
It can absorb toxic substances from human body and play a role in health care and beauty. After wearing silver ornaments such as pure silver bracelets, you will inadvertently shake and rub your wrists in your work and life, massage related acupoints and accelerate blood flow; Another advantage is to ward off evil spirits and prevent disasters. In ancient times, silver ornaments symbolized auspiciousness and played the role of blessing.
The second is the purpose of investment.
Precious metal itself is a good investment product, and gold is the best investment product among precious metals. However, due to its high price, many investors are worried that its upside is limited. Silver is the second child of precious metals for thousands of years. Its low price and unlimited potential have replaced gold as the best investment product in recent years, and investors have gradually increased.
Reference source; Baidu encyclopedia-silver price