The current price of sterling silver (anything) is $28.84 per ounce (oz), or $1.02 per gram (g). This, however, changes every few minutes.
Sterling silver is defined as 92.5% pure silver and is widely used in high end cutlery, jewelry, and pitchers. The other 7.5% is usually made of some other metal like copper. The price is usually in troy ounces, not US ounces (1 ounce = .911 ounces troy).
Precious metals advanced on November 23rd, 2012, with silver and gold both reaching one-month highs, as a slump in the dollar made them more attractive to hold as investments. Palladium for December 2012 delivery led the gains, rising $16.30, or 2.5 percent, to $667.60 an ounce. December 2012 silver gained 76.60 cents, or 2.3 percent, to $34.116 an ounce, and December 2012 gold gained $23.20, or 1.3 percent, to $1,751.40 an ounce.