The spot price is the current live market price for one troy ounce of raw silver. Dealers charge a premium above this price to cover manufacturing, distribution, and their profit margin.
Look for dealers with an A+ rating from the Better Business Bureau (BBB) and membership in organizations like the American Numismatic Association (ANA). 3. The Online Purchase Process
Larger bars (e.g., 10 oz, 100 oz, or 1 kilo) typically carry lower premiums per ounce than smaller 1 oz bars. 2. Selecting a Reputable Online Dealer