Silver Spot Price Today

The silver spot priceis the wholesale price for immediate delivery of one troy ounce of 99.9% pure silver, quoted in US dollars as XAG/USD. Like gold, silver trades around the clock on weekdays — London’s OTC market and New York’s COMEX set the pace — and the price you see here ticks while the market is open and rests at the last close over the weekend.

Silver is often called gold’s volatile younger sibling, and the description fits. Its market is far smaller than gold’s, so the same amount of money moves the price much further. And unlike gold, which is mostly bought to be held, roughly half of all silver is consumed by industry — in solar panels, electronics, electric vehicles and medical products — so the silver price answers to two masters at once: investors seeking a safe haven, and factories ordering metal for production. When both pull in the same direction, silver can outrun gold sharply; when they pull apart, it can lag just as sharply.

Reading the gold-to-silver ratio

The ratio on this page simply divides the gold price by the silver price. Historically it has spent most of the modern era between roughly 40:1 and 80:1, spiking above 100:1 in moments of extreme stress and dipping toward 30:1 in strong silver bull markets. A high ratio tells you silver is cheap relative to gold by historical standards — not that it is about to rise. Traders watch it as a sentiment gauge; it is a comparison, not a forecast. For a fuller side-by-side of the two metals, see gold vs silver.

Silver vs. the price you pay

As with gold, the spot price is wholesale. Silver coins and small bars carry proportionally larger premiums than gold because the metal itself is cheaper — minting and handling a one-ounce coin costs nearly the same whether it is gold or silver, so the premium is a bigger slice of a silver coin’s price. Silver jewellery adds making charges too, and in some countries silver attracts VAT that investment gold does not. The per-country silver pages on this site show local silver rates; this page is the international benchmark they all derive from.