Work out silver price value instantly with clear inputs, formula shown and shareable results.
Fineness is parts per thousand, so sterling at 925 is 92.5% silver, and the melt value is that pure weight times the spot price per gram. Silver is quoted per troy ounce of 31.1035 grams rather than per gram, which is why converting units carefully matters when checking a dealer's price.
Pure content
pure grams = weight x fineness / 1000
Melt value
value = pure grams x price per gram
pure grams = weight x fineness / 1000. Fineness is parts per thousand, so sterling at 925 is 92.5% silver, and the melt value is that pure weight times the spot price per gram.
Silver is quoted per troy ounce of 31.1035 grams rather than per gram, which is why converting units carefully matters when checking a dealer's price.
Enter item weight, silver fineness, pure silver price per gram. The defaults shown are a realistic worked example — swap in your own figures to get a result you can use.