Silver spot price represents the current market value of one troy ounce of pure silver, but buyers always pay additional premiums above this base price. Understanding how spot prices work and why premiums exist is essential for making informed silver investment decisions. This comprehensive guide explains the mechanics behind silver pricing, breaks down different premium types, and reveals how transparent pricing benefits buyers in the precious metals market. The silver spot price emerges from a complex network of global trading activity rather than being set by any single entity. COMEX (Commodity Exchange) serves as ... (full story)