It should be noted that gold and silver prices quoted as “per ounce” are generally referring to troy ounces. There is a meaningful difference between the two and many sites, this one included, do not state that difference frequently enough. Here is the basic difference in a nutshell:
| Ounce (oz) | Troy Ounce (ozt) |
|---|---|
| 28.3495231 Grams of Silver | 31.1034768 Grams of Silver |
| 437.5 Grains of Silver | 480.0 Grains of Silver |
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