- Gold Au $3366.29 $54.67
- Silver Ag $33.66 $0.38
- Platinum Pt $1105.45 $14.17
- Palladium Pd $1031.50 $-12.64
Spot Silver Price
Silver Spot Prices Today
Current Spot Prices
$ USD
%
Updated
Live Silver Spot Price Today | Current Silver Market Rates
View the live silver spot price per troy ounce, gram, and kilogram. You can also see the 24-hour price trend for each weight. Below, you'll find an interactive live silver price chart with historical pricing as well as various historic long term silver price charts.
Silver Spot Prices
Today
Change
Silver Price Per Ounce
$
Silver Price Per Gram
$
Silver Price Per Kilo
$
Shop Silver at Pacific Precious Metals
Date
from:
to:
Ask
$
(%)
Bid
$
Low
$
High
$
Prices in USD / ozt
We can't get the info. Try with another date or try again later.
Historical Daily Silver Prices
Date:
Price: $USD
What is the Silver Spot Price?
The silver spot price represents the current market value for one troy ounce of investment-grade .999 fine silver available for immediate delivery. Unlike gold, silver maintains a unique dual identity as both a precious metal investment vehicle and an industrial commodity with extensive practical applications. This dynamic spot price fluctuates continuously throughout global trading sessions, responding to a complex interplay of investment demand, industrial consumption patterns, mining output, and macroeconomic indicators. Professional silver dealers, manufacturers, and investors worldwide reference this standardized benchmark when pricing physical silver products including government-minted silver coins, privately produced silver bars, and silver rounds.
Silver's Unique Market Position: Industrial Metal and Investment Asset
Silver stands apart from other precious metals due to its extraordinary dual-purpose market position. Approximately 50% of annual silver demand stems from industrial applications including electronics, photovoltaic solar panels, medical devices, and water purification systems. The remaining demand derives from investment vehicles, jewelry fabrication, and silverware production. This distinctive consumption profile creates a silver market characterized by:
- Enhanced Price Volatility – Silver typically experiences more dramatic price fluctuations than gold, creating potential opportunities for active investors
- Industrial Demand Sensitivity – Silver prices respond to economic growth indicators and manufacturing output
- Affordability Advantage – Silver's lower price point allows smaller investors to accumulate substantial physical holdings
- Historical Gold/Silver Ratio – Today's ratio of approximately 75:1 (75 ounces of silver equals 1 ounce of gold) offers perspective on relative valuation
Ready to capitalize on silver's current market position?
Explore our premium selection of silver bullion coins and silver bars
Critical Factors Influencing Today's Silver Spot Price
Silver prices respond dynamically to these key market variables:
- Industrial Consumption Trends – Technology sector demand, renewable energy expansion, and manufacturing output
- Investment Demand Dynamics – Physical silver bullion purchases, ETF inflows/outflows, and futures market positioning
- Mining Production Output – Primary silver mine yield and by-product production from base metal operations
- Recycling Supply Volumes – Recovery rates from industrial scrap, photographic waste, and consumer electronics
- US Dollar Strength – Like gold, silver typically moves inversely to dollar performance
- Inflation Indicators – Silver's historical role as an inflation hedge influences investment demand
- Gold Price Movement – Silver often follows gold's directional trend with amplified volatility
- Global Economic Outlook – Manufacturing forecasts and technology sector growth projections
The Gold-Silver Ratio: A Key Market Indicator
The gold-silver ratio represents how many ounces of silver it takes to purchase one ounce of gold. This historically significant relationship provides valuable insights into the relative valuation between precious metals. When the ratio rises significantly above historical averages, silver is typically considered undervalued relative to gold. Conversely, an unusually low ratio might indicate silver's relative overvaluation. Sophisticated investors monitor this ratio to identify potential entry and exit points across metal allocations.
Silver Spot Price vs. Premiums: Understanding Physical Silver Pricing
While the silver spot price establishes the fundamental baseline value, physical silver products command various premiums above this spot foundation:
Silver Product Category
Government Silver Coins
Private Mint Silver Bars
Silver Rounds
Junk Silver (Pre-1965 Coins)
Typical Premium Range
10-30% over spot
5-15% over spot
5-20% over spot
12-25% over spot
Key Considerations
Legal tender status, guaranteed purity, collectible potential
Efficient production, recognized refiners, divisibility options
Design variety, private mint production, lower recognition
Historical significance, recognized coinage, divisibility
Comprehensive Silver Spot Price FAQs
What exactly does the "silver spot price" represent in the precious metals market?
The silver spot price represents the current standardized market rate for immediate delivery of one troy ounce (31.1035 grams) of investment-grade .999 fine silver. This universally recognized benchmark serves as the foundation for pricing all physical silver products globally. The spot price is determined through continuous trading across major international exchanges, reflecting real-time supply and demand dynamics.
Why does silver experience more price volatility than gold?
Silver's pronounced price volatility stems from its smaller market size and dual nature as both precious metal and industrial commodity. With annual silver production approximately 8 times larger than gold by ounce but a market value roughly 1/75th the size, relatively modest capital flows can produce significant price movements. Additionally, industrial demand fluctuations create distinct supply-demand dynamics absent from gold's primarily investment-driven market.
How does industrial demand influence silver prices?
Industrial applications currently consume approximately 50% of annual silver supply, creating a demand component largely absent from gold markets. Silver's price therefore responds not only to investment sentiment but also to manufacturing trends, technological developments, and economic growth forecasts. Emerging technologies including photovoltaic solar panels, electric vehicles, and 5G infrastructure have significantly expanded silver's industrial consumption profile in recent years.
What is "junk silver" and how does its price relate to the silver spot price?
"Junk silver" refers to pre-1965 U.S. circulation coins (dimes, quarters, half dollars) containing 90% silver content. These coins are valued primarily for their silver content rather than numismatic worth. Junk silver typically trades at a premium to spot based on its recognized form, divisibility, historical significance, and slight silver content variation (0.715 troy ounces per $1 face value). This premium fluctuates with market conditions and available supply.
Why is the American Silver Eagle premium so much higher than the spot price?
American Silver Eagles command substantial premiums above spot due to several factors: their status as the official U.S. government silver bullion coin, guaranteed weight and purity, exceptional production quality, widespread recognition, IRA eligibility, and consistent collector demand. Production limitations at the U.S. Mint frequently create supply constraints that further elevate premiums, particularly during periods of heightened demand.
How does the silver spot price affect numismatic or collectible silver coins?
Similar to gold collectibles, numismatic silver coins derive value from dual components: their intrinsic silver content (which moves directly with spot) and their collectible premium (based on rarity, condition, historical significance, and certification). While bullion-oriented products maintain relatively consistent premiums over spot, numismatic silver values may demonstrate greater independence from spot price movements, especially for rare specimens where collector demand dominates the valuation.
Strategic Advantages of Physical Silver Investment
Physical silver ownership offers distinct benefits in comprehensive portfolio management:
- Affordability – Silver's lower price point enables investors to accumulate substantial physical holdings with modest capital
- Industrial Growth Exposure – Silver provides indirect investment exposure to technological advancement and manufacturing expansion
- Historical Value Preservation – Silver has maintained purchasing power across centuries despite periodic market volatility
- Potential Outperformance – Silver typically outperforms gold during strong precious metals bull markets due to its higher volatility
- Crisis Performance – Like gold, silver often serves as financial insurance during severe market dislocations
- Divisibility Advantage – Silver's lower per-ounce value creates practical divisibility for potential barter or exchange scenarios
Ready to add physical silver to your investment portfolio?
Browse our extensive inventory of premium silver products
Silver IRA Investment Strategies
Many Pacific Precious Metals silver products qualify for inclusion in precious metals IRA accounts, offering tax-advantaged retirement options for forward-thinking investors. Silver IRAs provide portfolio diversification beyond traditional financial assets while maintaining tax-deferred growth benefits. Our IRA specialists can guide you through eligible product selection, custodian arrangements, and secure storage solutions.
Discover Silver IRA solutions with Pacific Precious Metals' specialized retirement services
Silver Price Alerts - Never Miss a Market Opportunity
Silver's characteristic volatility creates unique buying opportunities for astute investors. Subscribe to our Silver Price Alert service to receive customized notifications when silver reaches your specified price targets. Our alert system monitors the market 24/7, ensuring you never miss an actionable price point.
Explore Additional Precious Metals Markets
Diversify beyond silver with our comprehensive precious metals offerings:
