How much is 1 gram of silver worth?

At the international level, the silver price, which is set by the LBMA London (London Bullion Market Association), determines the value of fine silver. The silver price is determined daily at 12:00 noon as part of an auction. It is important to note that the price of silver is quoted in US dollars per troy ounce. To determine the euro silver price for 1 gram, the weight and the dollar-euro exchange rate must be taken into account. With GOLD AVENUE this conversion takes place automatically.