Online chart of the cost of silver: rate of 1 gram in rubles and USD for today + is it worth investing

Greetings! One of the most profitable investments to increase capital is the acquisition of precious metals. Unlike financial market currencies, they cannot depreciate in one day, so the investor does not risk losing his savings.

The silver rate changes every second, and according to the data, high-grade material is suitable for savings. The possibility of receiving income directly depends on what exchange rate is set at the bank on the opening date and on the day of sale. Let's analyze together whether it is worth investing in silver.

Online course chart for today

Every working day, the Central Bank of the Russian Federation sets official prices in rubles for precious metals, including silver. These indicators are taken from the cash metal price index on the London market and adjusted to the Russian ruble at the current US dollar exchange rate.

Price of the Central Bank of the Russian Federation

It is convenient to monitor changes using these graphs.
Silver | RUB | 1 Gram

Silver | USD | 1 Gram

Silver | RUB | 1 oz

Silver | USD | 1 oz

Price of 1 gram of silver in Sberbank of Russia

The commercial rate of the precious metal differs significantly from the official one and better shows the actual value of silver. The main volume of investment resources is sold by Sberbank, therefore, given that the rate depends on the assessment established on international exchanges and the Central Bank, its indicator is considered the most correct. Usually the quote established by Sberbank differs from the official one by 2-6 rubles.

Silver price per gram in unallocated metal account and physical silver in bullion

Which type of investment to choose - physical or actual - will depend on purchasing power and preparedness for certain risks. The cost of the bars will be more expensive, and it will be difficult to sell them if they have defects or to another bank.

Sberbank bullion valuation table:

The current rate of the precious metal in the compulsory medical insurance of Sberbank can be viewed in the chart above or on the official website:

Silver price per gram in bullion coins

The value of a product is influenced by several factors:

• metal exchange rate on the world exchange;
• valuation in US dollars;
• payment for a jeweler;
• bank interest.

Therefore, the value of a bullion coin is often higher than the amount of silver it contains. And even with the same ratio of precious metal, different products can differ significantly in price category.

Prices in jewelry stores

The price is 40-110 rubles and depends on many factors:

• weight of the finished product (the larger it is, the lower the price);
• presence of 925 hallmark;
• popularity of the manufacturer's brand;
• the size of the trade organization's markup;
• Argentum exchange rate on world exchanges.

Prices in pawn shops

The price set in pawn shops differs depending on the goals pursued by the client. Here are the approximate prices for today:

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Lyudmila Pestereva

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If silver items are surrendered with the possibility of redemption, then the price per gram is significantly lower, but if it is completely bought up, it is higher. The final assessment will be influenced by the condition of the jewelry and the region where it is sold (30-35 rubles).

The relationship between sample and price

Silver bullion is not used for smelting and creating jewelry due to the high ductility of the metal. Therefore, bullion is often purchased for storage, with the prospect of an increase in the price of the precious metal, or to emphasize personal status.

To increase the hardness of argentum, impurities of copper, nickel, platinum or other less noble metals are added to the alloy. The percentage of impurities affects the final silver sample. The more other chemical elements there are, the lower the specific gravity of the precious metal and the lower the cost of the bar or jewelry.

What standard of silver items should you invest in?

All silver items from 999 to 925 are priced at the highest value for this precious metal.

Which type of products are less attractive for investment?

The more impurities in silver, the less valued it is by both jewelers and buyers. However, some items may be of high value, but this is rarely explained by the precious metal content.

All silver items are marked. In Russia, marking consists of three elements - the symbols of the state inspectorate for assay supervision, the mark of the assay certificate and the sample number.

Dynamics in recent years

Industrial use of silver is 50% - versus 10% of gold, the bulk of which is in the form of bars, coins and jewelry. And this does not include silverware. In addition, on a global scale, the amount of argentum exceeds the volume of aurum by four times.

Gold, Silver and Platinum Quotes from TradingView

This is why gold is valued more than silver. This explains why, after a rapid rise in 2011-2012, there was a protracted decline in the rate of the white metal.

Caring for 925 sterling silver items

To ensure that your jewelry does not lose its appearance, you should take proper care of it. Such jewelry must be stored in a dark and dry place. In direct sunlight, metal can not only become dull, but also darken. The exceptions are alloys with the addition of palladium and platinum, as well as rhodium-plated silver.

In order to clean a silver item, you need to wash it in water with the addition of dishwashing detergent and wipe it with a soft cloth. You can often hear advice about cleaning with toothpaste, however, this method can damage the metal surface. A weak solution of ammonia will help clean jewelry from the sulfide film formed upon contact with air. It is enough to hold the jewelry in it for 10 minutes, rinse with water and wipe with a soft cloth. Baking soda can also be used to clean precious metal. To do this, you need to boil 500 ml of water with 2 tablespoons of soda, put a piece of foil and silver in there. After 10 minutes you can rinse with clean water and dry.

In addition, jewelry stores offer a selection of special means for cleaning silver items, with the help of which the jewelry will always look like new and delight you with its shine.

How the price is formed, why it changes and is not the same in different banks

There are several factors that influence the silver rate:

• how much does the raw material cost?
• its need in the jewelry industry and other industries;
• changes in world currency rates;
• bank interest rates (each organization has its own);
• seasonality (price increases during the Christmas holidays in Europe, from January to March).

What affects the price of silver

The cost of 1 g of argentum is fixed, and it includes the manufacturer’s expenses:

• resource extraction price;
• costs of materials and tools;
• processing costs;
• transportation;
• consumption of raw materials.

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Lyudmila Pestereva

Our most experienced gold investor

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Then the price is set by the exchange market, the rate is formed under the influence of supply and demand, and can change every second. Even the date of extraction of the resource and its deposit influence the price.

Forecast

Silver is characterized by sharp jumps in value. One of the reasons is the prevalence of white metal in the world. However, its use extends to a larger number of areas: argentum is used not only in jewelry, but also in industry. But the world's reserves of unmined silver are only 10-15%, which may mean an increase in prices for the precious metal in the future.

The dollar is rising, so the price of silver is falling today - a good time to buy. According to the forecast of some analysts, in the next 10 years, silver prices may be equal to the prices of gold and even exceed them.

How to earn more on compulsory medical insurance

The exchange rate for silver, which is stored in the compulsory medical insurance, changes depending on the price set by the Bank of Russia and the exchange rate difference of the servicing bank. Some financial companies offer better prices for precious metals when purchasing large quantities. Check in advance, perhaps your servicing bank is also ready to give a discount when purchasing silver of more than 5-10 kg.

If you make a profit from compulsory medical insurance transactions, then you must pay 13% of the individual’s income. Some banks take on this responsibility. They hold the required amount at the time the funds are transferred to the current account. If your servicing bank does not do this, be sure to pay the tax yourself. Profit from compulsory medical insurance is not subject to taxation if:

• silver was stored in the account for 3 or more years;
• if the total amount of transactions for the sale of silver does not exceed 250 thousand rubles per year.

In the second case, you will still have to report the profit in your income tax return, although no tax will be charged.

Remember! Funds for compulsory medical insurance are not insured. Therefore, if the bank loses its license, it will be impossible to return investments in the precious metal.

Is it worth investing in silver?

Silver will remain a precious metal in decades to come. In the future, even without a crisis and with the stabilization of financial exchanges, the exchange rate will only rise. As an example, you can compare silver prices in 2002 and 2021 and see a significant difference.

Pros and cons of investing

Why choose silver:

• affordable cost per ounce compared to other metals;
• the amount of resource decreases because it cannot be reused;
• independence from crises;
• stable income due to the widespread use of metal.

Flaws:

• income will have to wait a long time;
• high exchange rate volatility;
• When purchasing physical silver, you may lose profits due to deformation of the metal.

Why is there high industrial demand for silver?

Well, primarily because silver has a number of unique properties that make it especially valuable in the industrial sector. The main properties of the precious metal, due to which it is in great industrial demand:

• Silver works particularly well as a conductor of electricity and heat. This makes it ideal for a wide range of electrical applications from household items to specific industrial and technological products.
• Silver is the most reflective of all metals. Because of this, it is used as a coating for most mirrors. Although its reflective properties are also used in high-tech scientific equipment such as microscopes, telescopes and solar panels.

This is why this precious metal plays an important role in photovoltaic energy (solar energy), water filtration, cell phones, nuclear reactors, electric vehicles, medicine and more.

Its unique properties mean that silver will play a vital role in driving the clean energy transition, spanning generation, storage and consumption (eg: from silver oxide batteries, solar panels, BEVs [battery electric vehicles] to the rise of 5G networks).

Nicky Shiels, Head of Metals Strategy at MKS PAMP GROUP

Types of investments in silver

You can invest in silver using the following tools:

• purchase it in bullion;
• buy investment or collectible coins;
• open a metal bank account;
• collect jewelry;
• trade ETFs that invest in silver;
• buy futures;
• take over shares of silver mining companies.

Let's consider the types that require minimal knowledge in investments.

Compulsory medical insurance

One of the ways to invest funds is to open an impersonal metal account. It will be conducted not in rubles, but in grams, and in accordance with the dynamics of the world silver rate.

There are several advantages to this type of investment:

• the account is maintained free of charge, without interest for storing jewelry;
• the valuation of the metal is as close as possible to the exchange price, which allows you to profitably sell silver at the right time;
• there is no need to pay VAT upon sale;
• there is no need to worry about the appearance of the investment;
• can be opened for a minor (suitable for long-term deposits).

There are also disadvantages:

• such deposit is not covered by insurance guarantees;
• if you receive more income from the sale of metal than was invested when opening the account, you will have to pay income tax;
• in case of bankruptcy of the enterprise, the accounts will not be converted into monetary units.

You can monitor the cost of the metal and the status of the deposit on the bank’s official website in your personal account or through the mobile application.

Ingots

Making an investment in bullion is simple: you just need to have your passport and the required amount with you. However, this type of investment can only be justified if the exchange rate of the precious metal doubles or if a sharp devaluation of the ruble is expected. This is because Sberbank sells bullion at 1.5 times more expensive than it buys it back. So you can expect profit for years.

Investment coins

Investment coins are considered more demanding to care for:

1. Do not touch the product with bare hands (especially the mirror field), since traces of fat are difficult to remove from the surface and can oxidize it.
2. If the protective capsule is damaged, the value of the item is reduced.
3. You must not lose your purchase documents.

But the difference in buying and selling such a product in a bank is very different. The content of pure argentum can be 15.55 g, and the acquisition will cost the investor several thousand rubles. But if the owner wants to sell the product, then Sberbank will pay 3-5 times cheaper.

Which method is more profitable?

Silver investment coins are not valuable to investors because their price includes the work of the craftsman and the seller’s markup. Over time, of course, they can acquire collectible value, however, if there is no desire to pass the jewelry on to great-grandchildren, you should refrain from this type of investment.

The situation is slightly better with bullion, which is considered a traditional option for purchasing precious metal from a commercial bank. Their cost can pay off in 10 years or with a sharp jump in the exchange rate.

Expert opinion

Lyudmila Pestereva

Our most experienced gold investor

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The most rational solution would be to open a compulsory medical insurance, since with this type of deposit there are practically no disadvantages and costs characteristic of other investment methods. But do not forget that the bank where the account is located may have its license revoked. Or the organization may declare bankruptcy.

Also, you need to choose the right time to buy silver as an investment fund, and to do this you need to monitor silver price trends.

How to calculate the value of silver yourself

Information on the price of silver is updated daily. Just like the prices of other assets - gold, securities, currency, oil. The Bank of Russia publishes current information every weekday.

In order to independently calculate the cost of 1 gram of silver in jewelry or cutlery, you will need to multiply the price by the sample. For example, the cost of a 925 silver ring weighing 10 grams as of 02/05/2020 will be:

36.24 rubles * 0.925 * 10 grams = 335.22 rubles, the cost of 1 gram of silver will be 33.52 rubles.

But it’s impossible to buy a new silver jewelry or spoon for that kind of money. This happens because the price includes not only the official cost of the precious metal spent on the product, but also other components. For example, it is influenced by the country of origin, the appearance of the product, the price of other metals included in the alloy and other factors.

Where is the best place to buy silver?

It is profitable to buy argentum in China because the price per gram is much lower there. However, this should not be done, since no one controls Chinese silver purchased on a virtual trading platform, and the presence of a hallmark does not mean that the product is real.

The situation is different with Italian jewelry. Genuine silver from Italy is of high quality; even on jewelry counters you can rarely find jewelry with a standard less than 925. The price is measured in troy ounces (1 ounce = 31.1034768 g), and it is much higher than in Russia.

In order not to purchase counterfeit silver and then not face the problem of selling it, you should buy investment metal from a Russian bank.

Methods for determining quality

To determine the content of the main substance in a product, you can use home methods. The simplest of them is to find the density of the material. The method consists of several manipulations:

• weigh an item on an accurate scale;
• then lower it into a measuring vessel with water and determine the volume of displaced liquid;
• divide the mass of the product by the volume of leaked water and find the density;
• Using the table, determine the metal sample corresponding to this density indicator.

How to determine silver and its sample

You can determine the authenticity of a metal at home using chemical reactions, for example:

• if you apply a little sulfur ointment or a drop of iodine to an object, the noble metal will turn black;
• When interacting with it, the chalk turns black.

There are also special means for determining the authenticity of silver items.

Which banks buy and sell silver

In addition to the Central Bank, the following organizations are engaged in the sale of silver:

1. Sberbank of Russia offers measured ingots weighing 50, 100, 250, 500 and 1000 g, as well as standard billets weighing from 28 to 32 kilograms.
2. Gazprombank sells bars weighing 500 and 1000 g.
3. Promsvyazbank has a choice of blanks weighing from 950 to 1200 g.
4. MDM Bank makes it possible to buy measured silver bars weighing 1 g.
5. NOMOS provides its customers with the opportunity to buy 100 g and 1 kg bars.

Alloy Application

Pure silver with purity 999 is widely used in the following areas:

• in electronics production, for the manufacture of terminals, relay contacts;
• for soldering important connections in rocket science;
• when covering highly reflective mirrors;
• for water disinfection;
• in medical devices;
• when releasing X-ray film;
• for the production of bank bullion.

If in ancient times money was cast from silver, now only rare collectible coins of limited editions are minted from it, which is why they have a high cost.

Expert opinion

Vsevolod Kozlovsky

6 years in jewelry making. Knows everything about samples and can identify a fake in 12 seconds

Making jewelry and cutlery from pure silver is impractical: they will be fragile and deformed during use. In jewelry, this noble element is used to coat items made from other alloys to make them attractive and more resistant to environmental influences.

Ag bank ingots can be stamped or cast, all of them are accompanied by appropriate documentation and quality certificates. For example, at Sberbank you can buy a 999 gold bar weighing up to 1 kg, use it as an investment or give it to someone.

What else you need to know when buying silver bullion

Before purchasing, you should think about where the investment will be stored. Silver requires careful handling and does not tolerate high humidity and high temperatures. If you plan to keep an asset at home, then to ensure safety it is important to purchase a safe.

Expert opinion

Lyudmila Pestereva

Our most experienced gold investor

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Banks offer services for saving precious metals. For a fee, you can rent a locker, the contents of which will be known only to the owner. The organization guarantees complete anonymity of contributions. You can find out how much the bank offers this service on the official website.

Recommendations for care, cleaning and storage

Delicate items, coins and Ag bars must be stored and cleaned very carefully to avoid scratching or damaging the surface.

A few more tips:

1. To store products, it is better to choose a dry and dark place to protect from the sun.
2. Mechanical cleaning is strictly prohibited.
3. If the product has darkened, you can purchase a special liquid for cleaning coins.

If you have doubts about your own ability to clean your jewelry, it is better to contact a jeweler.