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One troy pound is 13.17 ounces.
1 pound = 14.5833333 troy oz
about 31.1 grams
SILVER and Gold are measured in many ways the international standard is a system called "Troy Measurements." In Troy one pound (lb) is divided up into 12 Troy Ounces and each Troy Ounce is divided into 20 units called Pennyweight (dwt). A troy ounce is 31.1034768 grams, which is about 10 percent more than the avoirdupois ounce, which is 28.349523125 grams. In July 2010, silver is running about $18.25 an ounce or about $220 a Troy pound.
There are 480 grains in a troy ounce, the troy ounce being the unit most commonly used to weigh silver. There are 7000 grains in an avoirdupois pound, which is commonly used in the US, and 64.79891 milligrams in a grain.