Silver factors and adjustments are based on cents per troy ounce whereas all other precious metals are based on dollars per troy ounce. The following examples will illustrate types of factoring.

Example of price adjustment to a lower silver market on a fine silver contact quoted at $20.86 per thousand at a $12.00 silver market with a factor of .0160

1	Subtract the present market from the quoted market	Quoted Market Present Market Difference	$12.00 11.65 -.35
2	Multiply the cent difference by the factor	Cent Difference Factor Change in Selling Price	.35 .0160 -.560
3	Subtract the change from the quoted price	Quoted Price Change Adjusted Price	$20.86 -.56 $20.30/M

An example of a price adjustment to a higher silver market on the same item would be as follows:

An example of price adjustment to a lower palladium market on a palladium contact quoted at $238.98 per thousand on a $150.00 palladium market with a factor of 1.573 is as follows:

If the market price in palladium had gone up, an example of price adjustment on the same contact would be as follows:

On quotations that involve more than one precious metal, a factor will be given for each metal involved as well as the market on which the quotation is based. To arrive at an adjusted price, compute each metal market separately and adjust the final price accordingly. An example of this would be a silver-palladium contact which was quoted at $64.26 per thousand with a silver market of $12.00, silver factor .0216, palladium market of $150.00 and a palladium factor of .240

The adjusted price is quoted price plus the palladium increase minus the silver decrease.