1 Ounce Silver Price Analysis in Faroe Islands
Live Analysis: 1 Ounce Silver in Faroe Islands
This page provides a detailed financial breakdown for the 1 Ounce denomination of Silver. As of 09:00 PM on Friday, January 30, 2026, this specific unit is trading at FOKÂ 614.
The 1 Ounce is a preferred unit for Faroe Islands's retail investors due to its balance of affordability and liquidity. Unlike larger Kilogram bars (priced at FOKÂ 19,751), the 1 Ounce can be easily liquidated at almost any jewelry shop in the country for immediate cash, making it an ideal emergency fund vehicle.
Purity Standards: 24K vs 22K
The benchmark rate of FOKÂ 614 shown above refers to 24 Karat (99.9%) Fine Silver. This is the purity used for investment biscuits and coins. However, for jewelry buyers in Faroe Islands, the relevant standard is 22 Karat.
24 Karat (Investment)
Purity: 99.9%
Form: Coins, Bars
Live Rate: FOKÂ 614
22 Karat (Jewelry)
Purity: 91.6%
Form: Rings, Chains
Est. Rate: FOKÂ 0