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Live silver spot price (USD per troy ounce) with 1-year, 5-year, 10-year, 50-year, and full historical charts back to 1900.
The most widely-traded 1 oz silver bullion coin in the world, struck by the U.S. Mint since 1986.
A .9999-fine silver coin with the Royal Canadian Mint's anti-counterfeit features.
The Royal Mint's 1 oz silver flagship, .999 fine, featuring anti-counterfeit visual security.
The most collected U.S. silver dollar (1878–1921) — 0.7734 oz ASW, 90% silver.
The silver counterpart to the iconic gold Krugerrand, launched in 2017.
The silver counterpart to Austria's best-selling gold coin, launched in 2008.
The silver spot price is the live, per-troy-ounce dollar value of unallocated investment-grade silver for immediate ("spot") delivery on global wholesale markets. It is the benchmark every retail dealer prices against, expressed in U.S. dollars per troy ounce — a unit equal to roughly 31.1 grams. Quoted continuously while major markets are open, the spot price is what wholesale traders, refiners, mints, and industrial buyers are actively transacting at, before any dealer markup, fabrication cost, or shipping is added. Silver tracks gold loosely most of the time but moves with notably more volatility because the market is smaller and roughly half of annual demand is industrial (electronics, solar, medical) rather than monetary.
Silver trades essentially around the clock across LBMA (London OTC), COMEX silver futures (New York), and the Shanghai Gold Exchange. The LBMA Silver Price — set once daily at noon London time via an electronic auction — is the world's wholesale settlement reference. Live spot feeds, including the live ticker at the top of every page on this site, derive the headline number primarily from the most active COMEX futures contract, refreshed every few seconds during market hours. Different finance sites can show silver prices that differ by a cent or two; that's feed timing, not a disagreement about the rate. The actual market is unified by arbitrage to within a fraction of a percent across venues.
Silver responds to many of the same macro forces as gold — real interest rates, dollar strength, central-bank policy — but the inputs hit silver harder because the market is smaller. The unique driver is industrial demand: silver is a key input for solar panels, electric vehicles, electronics, and medical applications, and roughly half of annual silver demand comes from these uses. When industrial activity accelerates, silver tends to outperform gold; when it stalls, silver underperforms. The gold-to-silver ratio (oz of silver per oz of gold) is a popular sentiment gauge — historically averaging around 60, the ratio rises when investors flee to gold and falls during commodity bull runs. Speculation in COMEX silver futures, occasional supply crunches at mints (American Silver Eagles ration during peak retail demand), and ETF flows (SLV, PSLV) round out the short-term drivers.
Spot is wholesale; what you pay at a retail dealer is spot plus a premium. Silver premiums are structurally higher than gold premiums in percentage terms because each piece of silver carries roughly the same fabrication cost as a piece of gold but is worth a fraction as much. A 1 oz American Silver Eagle typically retails 15–30% over spot; a 100 oz silver bar might sit at 3–8%. During supply crunches premiums spike — Silver Eagles have traded 50%+ over spot during retail-demand surges. The price comparison tool on this site shows the live premium for every silver product across every dealer we track, so you can see exactly which option is cheapest right now.
An annually-redesigned 30-gram silver bullion coin from the People's Bank of China.
The troy ounce is the standard unit for precious metals worldwide and has been since the 16th century. It equals 31.1034768 grams — about 10% heavier than the avoirdupois (kitchen) ounce, which is 28.35 grams. Every dealer, refiner, mint, and futures contract quotes silver in troy ounces, so prices are directly comparable across the industry.
The silver market is much smaller than the gold market — global silver investment demand is a fraction of annual gold demand by dollar volume — so the same buying or selling pressure moves silver more sharply. Silver also has substantial industrial demand (about half of annual consumption goes to solar panels, electronics, medical applications, and EV components), which adds another layer of price sensitivity to manufacturing cycles.
The ratio is the number of troy ounces of silver required to buy one troy ounce of gold — calculated as gold spot price divided by silver spot price. Historically it has averaged around 60. A high ratio (above 80) is sometimes interpreted as silver being cheap relative to gold; a low ratio (below 50) the reverse. The current ratio is shown in the live ticker at the top of every page on this site.
Bid is the highest price a buyer is willing to pay; ask is the lowest price a seller will accept. The gap between them is the spread, typically a fraction of a cent per ounce on liquid silver futures. Most public spot tickers show the midpoint or last trade rather than separate bid/ask quotes.
Silver premiums are structurally higher than gold premiums in percentage terms because each piece of silver carries roughly the same fabrication cost as a piece of gold but is worth a fraction as much. A 1 oz American Silver Eagle typically retails 15–30% over spot; a 100 oz bar might sit at 3–8%. During supply crunches, Silver Eagles have traded 50%+ over spot.
The underlying USD-per-ounce quote is global. Silver trades around the clock across LBMA, COMEX, and the Shanghai Gold Exchange, and arbitrage keeps the venues within a fraction of a percent of each other. Local retail prices differ because of currency conversion, VAT or sales tax, and import duties.
The LBMA Silver Price is an electronic auction held once daily at noon London time that sets a benchmark wholesale price for silver. Major refiners, central banks, and bullion banks settle large transactions against the fix because it represents a moment of confirmed equilibrium between buyers and sellers, rather than a continuously moving spot quote.
The chart on the page above sources from two feeds. The most recent week is real wholesale spot data updated every 10 minutes. Anything older is derived from weekly closes of the SLV ETF (iShares Silver Trust), scaled per metal to approximate spot per ounce. The chart shape mirrors true spot closely; absolute values match today exactly and drift up to ~10% at the start of the series due to ETF expense-ratio decay over time.