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Silver

1 oz Silver Price Today

As of July 17, 2026, the silver price is $55.97 per troy ounce, up 0.05% over the past 24 hours. The price is quoted in US dollars per troy ounce and updates continuously as COMEX futures and over-the-counter markets trade.

Live price of one troy ounce of .999 fine silver. The spot price below is the wholesale benchmark; 1 oz silver coins, rounds, and bars sell for somewhat more once dealer premiums are added.

$55.97
+$0.03
+0.05%
Interactive Chart

Price Chart

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Data Methodology

Where does this price data come from?
Silver spot prices are sourced from Metals.Dev, a professional metals data provider, with automatic fallback to gold-api.com for redundancy. Prices are updated in real-time during market hours, ensuring you always see the latest data. All prices reflect the latest available mid-market spot rate.
How is the silver spot price determined?
The silver spot price is derived from the most actively traded futures contracts on COMEX (CME Group) and the London Bullion Market Association (LBMA). The spot price represents the current market price for immediate delivery, calculated from near-month futures contracts adjusted for carry costs. During off-hours, prices reflect OTC (over-the-counter) trading across global markets, providing continuous 24-hour price discovery.
When are precious metals markets open?
COMEX futures trade Sunday through Friday, 6:00 PM to 5:00 PM ET (23 hours per day with a 1-hour break). The London Bullion Market (LBMA) operates Monday to Friday with two daily fixings: AM fix at 10:30 AM London time and PM fix at 3:00 PM London time. Outside of formal exchange hours, precious metals continue to trade on OTC markets globally, meaning prices can move 24 hours a day, 5 days a week. Our data reflects these continuous market movements.
1 oz American Gold Eagle

1 oz American Gold Eagle

1 oz Coin

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1 oz Gold Buffalo

1 oz Gold Buffalo

1 oz Coin

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24h Change

+0.05%

24h Range

$55.91 to $56.01

Bid / Ask

$55.97

All-Time High

$121.62(Jan 29, 2026)

What One Ounce of Silver Actually Costs

The price shown above is the 1 oz silver price today at spot: the wholesale benchmark for one troy ounce (31.1035 grams) of .999 fine silver, set by COMEX futures and London OTC trading. It is the number quoted when someone asks what silver is trading at, and the baseline for the silver price per ounce in every dealer listing.

Buying a physical ounce costs more, and proportionally more than it does for gold. Because a 1 ounce silver coin is a low-cost item while minting, distribution, and dealer margin are similar per coin regardless of metal, premiums are a larger share of the price. Generic 1 oz silver rounds and bars typically sell 5-10% over spot, sovereign coins like the Maple Leaf, Britannia, and Philharmonic run roughly 7-15%, and the American Silver Eagle carries the highest mainstream premium at about 10-20% over spot. Compare live product pricing on the 1 oz silver bar page.

Note the unit: a troy ounce is heavier than a regular ounce. One troy ounce equals 31.1035 grams while a standard (avoirdupois) ounce is 28.3495 grams, about 10% lighter. All silver prices use troy ounces, so a "1 oz" silver coin or bar contains a full troy ounce of .999 fine silver.

Selling works in reverse: dealers buy recognized 1 oz silver products at or near spot, with sovereign coins usually earning a small premium over generic rounds on buyback. The round trip cost, buy premium plus sell spread, is the real cost of owning physical silver, which is why the same product can make sense from one dealer and not another.

Troy ounce: 31.1035 grams, about 10% heavier than a standard ounce
Generic 1 oz rounds and bars: typically 5-10% over the spot price shown above
Sovereign 1 oz coins: roughly 7-15% over spot (Maple Leaf, Britannia, Philharmonic)
American Silver Eagle: the highest mainstream premium, about 10-20% over spot
.999 fine: standard bullion purity; Silver Eagles are .999 and Maple Leafs are .9999

Data provided by MetalCharts, a free precious metals tracking platform offering real-time prices, interactive charts, historical data, and portfolio tools for gold, silver, platinum, palladium, and copper. Prices sourced from major global exchanges including COMEX, LBMA, and LME, updated continuously during market hours.

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Frequently Asked Questions

How much is 1 oz of silver worth today?
The live chart above shows the price of 1 oz of silver today: the spot value of one troy ounce of .999 fine silver, updated in real time from COMEX market data. A physical 1 oz coin, round, or bar costs that spot price plus a dealer premium of roughly 5-20%, so the 1 ounce silver value today depends on whether you mean melt value or retail price.
What is 1 troy ounce of silver?
One troy ounce equals 31.1035 grams, about 10% heavier than the standard avoirdupois ounce (28.3495 grams) used for everyday weights. All silver bullion is measured in troy ounces, so a 1 oz silver coin contains a full 31.1035 grams of fine silver.
What is a one troy ounce .999 silver round worth?
Its melt value equals the live spot price above, since a .999 fine round contains one full troy ounce of silver. On the retail market, generic one troy ounce .999 rounds typically sell about 5-10% over spot and buy back at or slightly below spot, so the spot price is the anchor for both sides of the trade.
Why does a 1 oz silver coin cost more than the spot price?
Spot is the wholesale price for large unallocated quantities. A 1 oz coin adds minting, distribution, insurance, and dealer margin, and sovereign mints charge a fixed seigniorage per coin. Those costs are similar per coin whether the metal is gold or silver, which is why they are a much larger percentage of a silver coin's price.
Should I follow the 1 oz price or the price per ounce?
They are the same underlying number: the 1 oz silver current price is the spot silver price per troy ounce. This page focuses on what a physical 1 ounce silver coin or bar costs once premiums are added, while the silver price per ounce page covers the unit price itself with per-gram and per-kilo conversions.