Silver Price Per Pound Today

Silver markets quote prices in troy ounces, but many people sizing up an inheritance, a flatware set, or a stack of bullion think in pounds. The conversion trips people up because there are two different ounces: one avoirdupois pound equals 16 standard ounces or 14.5833 troy ounces, not 16. The price above multiplies the live spot price by 14.5833 to show the true value of a pound of pure silver.

A pound of silver is a substantial holding. In physical form it equals roughly fourteen and a half 1 oz rounds, a single 1 lb poured bar, or about $20 face value of pre-1965 US junk silver coins (which contain 90% silver). Poured 1 lb bars are popular with stackers because their premiums per ounce undercut smaller rounds.

Note that a pound of sterling silver (92.5% pure) is worth 7.5% less than the figure above, and a pound of US coin silver (90%) about 10% less. Weighted items like candlesticks contain far less silver than their total weight suggests. For purity-adjusted math, use our melt calculator.