New Links to Current Commodity Silver Price

We receive lots of questions about the market price of pure silver. So, we've added a couple of new features.

Firstly, in the right column of the screen, you will see a small graph containing the current day's pricing of commodity silver. This chart is provided by http://www.kitco.com/.

Secondly, we've added new links to "Our Favorite Links" in the right column of the screen. Clicking on "NYMEX Commodity Silver Prices" will take you to a web page of the New York Mercantile Exchange that displays more information about silver prices. The "Quotes" in the lower right of that screen gives you a snapshot of recent quote activity.

FYI, today, May 29, 2009, the ending price was $15.60 per Troy ounce. That means that the scrap value of a Chantilly place fork in terms of silver content is just under $25.00 today. If you had to sell your fork to a scrap dealer, you could probably get between $13.00 and $15.00 for it.

We also have added a link to a "Precious Metal Calculator". There are several calculators out there but we like this one because of its simplicity. Here are the items to be input:

• Enter the weight in grams
• Select "grams" as the units
• Select ".925 Silver" as the metal
• Enter "-40" in as the markup/discount
• Click "Calculate Value"

The displayed value is a rough idea of what a scrap dealer would be willing to pay you for your sterling.

By clicking on "Comments/Questions" below, you can see posted comments and add your own questions and comments. Or, you can send us an email by clicking on "View My Complete Profile" in the right column.