Silver Price Per Ounce
The standard international silver quote — XAG/USD per troy ounce. See real-time spot and futures pricing from COMEX, updated with live market data.
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Understanding the Silver Spot Price Per Ounce
The silver spot price per ounce is the current market rate for one troy ounce of .999 fine silver in US dollars, quoted as XAG/USD. Silver occupies a unique dual role as both a precious metal and an industrial commodity, with roughly half of demand coming from electronics, solar, and EVs.
- COMEX silver futures (SI) represent 5,000 troy ounces per contract
- The LBMA Silver Price is set once daily at noon London time
- Physical silver products carry a premium above spot for minting and distribution
- Silver typically moves 2-3x as much as gold on a percentage basis
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Frequently Asked Questions
What is the silver price per ounce today?
The silver price per ounce changes continuously during market hours as XAG/USD trades on exchanges like COMEX. Visit our live silver chart for the real-time spot price, updated throughout the trading day with bid, ask, and last-trade data.
What drives the silver spot price?
Silver is driven by a combination of industrial demand (electronics, solar panels, EVs), investment demand (ETFs, coins, bars), US dollar strength, interest rates, and mine supply. Its dual role as a precious and industrial metal makes it more volatile than gold, often moving 2-3x as much on a percentage basis.
How does silver compare to gold per ounce?
Silver trades at a fraction of the gold price. The gold-to-silver ratio — the number of silver ounces needed to buy one ounce of gold — historically averages around 50-60:1 but can range from 30:1 to over 100:1. Investors use this ratio to gauge relative value between the two metals.
Where is silver traded?
Silver is primarily traded on COMEX (CME Group) via SI futures contracts of 5,000 troy ounces each. The LBMA in London sets a daily silver price benchmark. Silver also trades on the Shanghai Futures Exchange (SHFE) and the Multi Commodity Exchange of India (MCX), as well as through ETFs and over-the-counter dealer markets.