How Much is a Kilo of Silver Worth in Canada?

The price of 1 kilogram of silver in Canada

Silver's price per kilogram changes every day in Canada depending on how the world market is doing and how well the precious metals company is doing. Things like spot, quantity, and demand, and quality can change the price of silver. The price of silver is usually given in troy ounces, which makes it tricky to get an exact price per kilogram. One troy ounce of pure silver is usually .999 fine silver.

For a long time, Canadians have loved dealing with silver and other precious metals. It is a good choice for both new and experienced buyers because it is cheap, flexible, and has historical worth. 

Silver price per kilogram in Canada typically can cost between CAD 1,295.70 and CAD 1,385. The following table provides you with an overview of the several measures that are used to determine the average price of silver in Canada:

Measurement    Average Price (CAD)
1 oz silver    $39.62
1 kilogram    $1290
1 pound    $467.00

Demand has a significant role in determining the price of silver. Besides being used in industry, silver is also used in the ornament business. Since the world economy is starting to recover from the COVID-19 spread, there may be more demand for silver, which could cause prices to rise. Keep up with the latest changes in the silver market by checking the Kitco silver price information online.  A kilogram of silver is equivalent to 32.15 troy ounces. For smaller quantities of silver, the price per gram may be more relevant. Having an awareness of these dimensions and prices will allow you to make better-informed decisions about whether you want to sell or buy silver.