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Silver

Silver Price Today

Live silver spot price in USD per troy ounce, updated with real-time XAG/USD data from COMEX. Silver is both a precious metal and an essential industrial commodity.

Interactive Chart

Price Chart

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.

24h Change

24h Range

Bid / Ask

All-Time High

Understanding the Silver Price

The silver spot price is the current market price for immediate delivery of one troy ounce of .999 fine silver, quoted internationally as XAG/USD. Silver occupies a unique dual role as both a monetary metal and an essential industrial commodity. Roughly half of annual demand comes from sectors like electronics, solar energy, electric vehicles, and medical devices.

Silver has served as money for thousands of years. Ancient civilizations from Greece and Rome to China and India minted silver coins for trade, and the word for money in many languages derives from the word for silver. Although most nations abandoned silver coinage in the 20th century, silver remains a recognized store of value. Investors worldwide hold it in the form of bars, coins, and exchange-traded funds.

The COMEX division of CME Group is the primary venue for silver price discovery. COMEX silver futures (ticker SI) trade in contracts of 5,000 troy ounces and set the global benchmark that dealers, refiners, and jewelers reference. The LBMA Silver Price, administered by CME Group and set once daily at noon London time, serves as an additional benchmark for the physical market.

Silver's relationship with gold is closely watched through the gold-silver ratio, which measures how many ounces of silver are needed to purchase one ounce of gold. This ratio historically averages around 50-60, and it helps traders assess whether silver is undervalued or overvalued relative to gold. When the ratio stretches above 80, silver has frequently outperformed gold in subsequent rallies.

Industrial Demand: Electronics, solar panels, EVs, and medical devices consume roughly 50% of annual supply
Investment Demand: ETFs, coins, and bars provide portfolio diversification and inflation protection
Gold-Silver Ratio: Traders use this metric to assess relative value between the two metals
US Dollar Strength: Silver moves inversely to the dollar, like gold
Mining Supply: Over 70% of silver is mined as a byproduct of copper, lead, zinc, and gold extraction
Green Energy Transition: Solar panel manufacturing is the fastest-growing source of silver consumption

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

What is the silver price today?
The silver price changes constantly during market hours. The live chart above shows the real-time XAG/USD price updated with market data from COMEX. Silver is quoted in US dollars per troy ounce (31.1035 grams).
Why is silver called the 'poor man's gold'?
Silver offers the same core benefits as gold, including inflation hedging and store-of-value properties, but at a fraction of the price per ounce. This lower entry point makes silver accessible to a broader range of investors.
What is the gold-silver ratio?
The gold-silver ratio is the number of silver ounces required to buy one ounce of gold. It has historically averaged around 50-60 but ranges from 30 to over 100. Investors use this ratio to gauge relative value between the two metals. MetalCharts provides a live gold-to-silver ratio chart.
Is silver a good investment?
Silver provides portfolio diversification and carries significant industrial demand from electronics, solar panels, and EVs, which drives price appreciation independently of investment sentiment. Silver is more volatile than gold, creating larger swings in both directions. Suitability depends on individual financial goals and risk tolerance.
What is the COMEX silver inventory?
COMEX silver inventory is the physical silver stored in CME Group-approved warehouses. It splits into 'registered' (deliverable against futures) and 'eligible' (meets standards but not registered for delivery). Declining COMEX silver inventories indicate physical supply tightness.
What is silver used for?
Silver has the highest electrical and thermal conductivity of any metal. About 50% of demand is industrial: solar panels (photovoltaic cells), electronics, medical devices, water purification, and 5G technology. The remaining demand comes from jewelry, silverware, coins, bars, and photography.
What is the Shanghai Silver Premium?
The Shanghai Silver Premium is the price difference between silver on the Shanghai Futures Exchange (SHFE) and the international COMEX spot price. A positive premium indicates strong Chinese physical demand. MetalCharts tracks this premium in real time.
How much silver is in a junk silver coin?
US 'junk silver' coins minted before 1965 contain 90% silver. A $1 face value of these coins holds approximately 0.715 troy ounces of pure silver. Common junk silver coins include pre-1965 dimes, quarters, half dollars, and Morgan/Peace dollars.