Silver Price ( Spread / Price Premium ) Calculator
Silver Price ( Spread / Price Premium ) Calculator Singapore
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Silver Price ( Spread / Price Premium ) Calculator!Silver is a tangible and solid asset to store wealth. Human Civilization have been using Silver as Monetary Exchange For Many decades.
By the end of the century when all Fiat currencies in the World are doom , silver still possesses its value.
Note : Use it at your own Risk
This Calculator will help you to Calculate Silver Price Premium Paid and Silver Spread Price
What is Silver Price Premium ?
When an Investor purchase a Silver Bullion Bar or coin . Normally he or she will hardly able to purchase it at the Spot Price , a Premium price above the Spot Price will be paid during the Transaction.
The Goal for every Silver Investor is to purchase a Silver Coin or Bar , with a Premium as low as Possible near the Spot Price.
For Example
Buying Price From Bullion seller: USD 36
Selling Back Price to Bullion Seller : USD 32
Market Price For One ounce of Silver: USD 30
Premium = [ ( Buying Price- Silver Market Price ) / Silver Market Price] x 100 %
Premium = [ ( 36- 30 ) / 30] x 100 %
Premium = [ 6 / 30] x 100 %
Premium = 20%
What is Silver Spread ?
For example :
Buying Price From Bullion seller: USD 33
Selling Back Price to Bullion Seller : USD 30
Spread =[ ( Buying Price- Selling Price ) / Selling Price] x 100 %
Spread =[ ( 33- 30 ) / 30] x 100 %
Spread = 10%
Data you need to Plug In :
- Bought Price
- Weight of the Silver either in Ounce or Gram
- Current Silver Price Per Ounce . you can refer here
- What is the Silver Purity
- Silver Sell Back Price
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