As of November 6, 2023, the current price of silver is $23.13 per troy ounce. However, the price of silver can fluctuate frequently based on various factors such as global supply versus demand, market conditions, and geopolitical events. It is important to note that the price of silver is always listed in troy ounces, which equals 1.09711 Avoirdupois ounces. One troy ounce equals 31.1035 grams. Therefore, the value of a troy ounce of silver is determined by the live silver spot price, which is affected by various factors.