American Silver Eagles (ASE) – Official silver bullion coin of the United States. Very popular.

 Bullion – Physical gold or silver in bulk before coining, or valued by weight. Usually in coins, bars or "rounds."

 COMEX – The COMEX (formerly known as the Commodity Exchange, Inc.) is the primary futures and options institution for trading of metals.

 Face Value – The actual value printed or depicted on a silver coin, i.e. 100 dimes has the Face Value of $10.

 GSR - Grains – Measurement of weight: 480 grains of silver equals one Troy Ounce.

 GSR - Gold/Silver Ratio – The amount of silver it takes to purchase one ounce of gold.

 Junior Mining Companies – Exploration companies in search of new deposits of gold, silver, uranium or other precious metals.

 Junk Silver – Any high silver content coin that is not in excellent condition and is not considered collectable. Also referred to "Constitutional" silver.

 Premium – The additional dollar amount per troy ounce over the current spot price of the metal that a dealer charges for a bullion bar, round or coin .

 Rounds – Coin-like oval-shaped pieces which are not formally legal tender that may or may not be minted by sovereign government.

 Senior Mining Companies – Larger, more experienced mining companies which generate cashflow from their operations.

 "Spot" Price – The price at which gold/silver could be transacted and delivered through the COMEX at that instance.

 Stacking – The act of buying, taking direct possession of silver bullion coins, rounds, and bars and saving them for the long run.

 Troy Ounce – A weight measurement equivalent to 480 grains; this is heavier than the avoirdupois (standard) ounce which is 437.5 grains. There are 14.6 troy ounces in one pound as opposed to compared to 16 standard ounces.