How do you calculate the value of 1 gram of silver?

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How do you calculate the value of 1 gram of silver?

At the international level, the metal value of silver is expressed in US dollars per troy ounce, which means that different weight units must be taken into account when converting. As an example, the current price of silver is $23.74 per troy ounce and the dollar to euro exchange rate is 0.92 (as of March 5, 2024). Since 1 gram of silver is approximately 0.0321507 troy ounces, the metal value of 1 gram of silver is therefore approximately 0.69 euros (23.74 x 0.0321507 x 0.92).

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