Silver (Sterling 925)
Precious metal · per troy oz
Characteristics
Silver is the most affordable precious metal for jewelry. Sterling silver (92.5% pure) is the standard for jewelry. Silver's lower price point makes it accessible for fashion jewelry and everyday wear.
Price by Grade
Jewelry Metal Value Reference
Estimated melt value of common jewelry pieces based on typical weights.
| Jewelry Type | Typical Weight | Fine Silver | Sterling Silver |
|---|---|---|---|
| Thin Ring | 2g | $2 | $2 |
| Standard Ring | 4g | $4 | $4 |
| Heavy Ring | 8g | $8 | $8 |
| Pendant | 3g | $3 | $3 |
| Chain (18") | 10g | $10 | $10 |
| Bracelet | 15g | $16 | $15 |
| Earrings (pair) | 3g | $3 | $3 |
Value Drivers
Sterling 925 is standard. Fine 999 used for bullion. Vermeil is gold-plated sterling.
Silver is much less dense than gold — pieces feel lighter. Weight still drives base value.
Designer silver pieces can command 10-50x melt value. Artisan work highly valued.
Silver tarnishes. Polished, well-maintained pieces retain higher value.
Market Dynamics
Annual mine production ~26,000 tonnes. Mexico, Peru, China are top producers. Industrial demand competes with jewelry.
Industrial (~50%), jewelry (~20%), investment (~20%), silverware (~10%). Growing demand from solar panels and electronics.