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Today, silver bullion has the ISO 4217 currency code XAG, ... Silver prices are normally quoted in troy ounces. One troy ounce is equal to 31.1034768 grams.
Interest in silver mining has increased in recent years because of an increased price for the metal: the average silver price increased from $4.39 per troy ounce for the year 2001, to $13.45 per troy ounce for 2007. [2] In 2011, silver prices rose to almost $49 per troy ounce in April before dropping to around $34 per troy ounce in late June.
File:Silver price chart since 2000.svg. Add languages. ... Silver prices since 2000 until April 2015. Price quotes given in USD per ounce. Date: 21 April 2015: Source:
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The American Silver Eagle is the official silver bullion coin of the United States.It was first released by the United States Mint on November 24, 1986, and portrays the Goddess of Liberty in a design by Adolph A. Weinman that was originally used on the Walking Liberty half dollar from 1916 to 1947.
In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, [11] which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was enacted in France in 1803. [12] The average gold/silver price ratio during the 20th century, however, was 47:1. [13]
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