#MyStrategyEvolution Silver has been used as currency since ancient times and is considered one of the precious metals. In some countries, silver was used as a form of currency, such as the Saudi silver riyal which weighs 11.6 grams of 917 silver.

*Types of silver purity:*

- *Silver 999*: This is considered pure silver at 99.9% and is used for investment and bullion.

- *Silver 925*: This is used in the manufacture of jewelry and utensils, containing 92.5% pure silver.

- *Silver 800*: This contains 80% pure silver, and its price can be calculated based on the price of pure silver per ounce.

*Factors affecting silver prices:*

- Monetary policy of central banks

- Inflation

- Demand for silver in global markets

- Purchasing power of currencies

- Geopolitical conditions

You can use a silver price calculator to calculate the price of silver according to the unit, weight, and purity in a specific country and currency ¹.