Is there an upper limit on the spot price of silver?

This puts a theoretical upper limit on the spot price of silver. Most recently, silver prices have been rallying over $30 per troy ounce and trading in a range of $29 to $33 per ounce, starting May 15th, 2024. This is a 10-year high for the price of silver, and follows gold's historic price movements.

How much does silver cost per ounce?

Today, we can still expect to see this volatile nature and many believe that the cost to produce silver is valued at somewhere around $8 to $12 per ounce. For more information about our high quality silver bullion products and the process of investing with Monex, contact one of our knowledgeable Account Representatives at 800-444-8317.

How much does it cost to invest in silver?

You can get started with as little as $100 (our minimum purchase). We offer a wide range of 1 oz and even fractional ounce silver products that start as low as $3 per piece. Many investors prefer silver to gold given that you don’t need a huge amount of capital to start investing in silver bullion. Can I put silver in my IRA? Yes.