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 1. APMEX
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 3. Silver Spot Price


SILVER SPOT PRICE

 * Gold
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USD
 * USD
 * Euro
 * Canadian Dollar
 * British Pound

$27.44 USD - ($1.36) USD -4.72% 1W Ask: $27.44 USD Bid: $27.14 USD Change: -
($0.12) USD (-0.43%)
 * US Dollar
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 * 24H
 * 3D
 * 1W
 * 1M
 * 3M
 * YTD
 * 1Y
 * 5Y
 * All

View 1 monthView 3 monthsView 6 monthsView year to dateView 1 yearView all
Created with Highcharts 9.2.2Apr 2210:0018:00Apr 23Apr 2414:00Apr 2514:00Apr
2614:0022. Apr22:0024. Apr25. Apr26. Apr$27.00 USD$28.00 USD$29.00 USD$26.00
USDView 1 month1mView 3 months3mView 6 months6mView year to dateYTDView 1
year1yView allAllApr 21, 2024→Apr 26, 2024Silver


SILVER COIN VALUES

 * 3M
 * YTD
 * 1Y
 * 5Y
 * All

American Silver Eagle
Ask $37.43 ($0.81)
Silver Maple
Ask $33.43 $2.98
Silver Krugerrand
Ask $34.43 $3.64
Silver Britannia
Ask $32.43 $2.13
Austrian Silver Philharmonic
Ask $32.93 $3.67
Silver Kangaroo
Ask $31.93 $1.62
1 oz Silver Round
Ask $29.23 $0.42
1 oz Silver Bar
Ask $29.93 $0.67
10 oz Silver Bar
Ask $311.30 $33.60
100 oz Silver Bar
Ask $2,993.00 $292.00
Mexican Silver Libertad
Ask $37.43 ($8.12)
Morgan Silver Dollar
Ask $52.99 ($1.00)
Peace Dollar
Ask $32.99 ($4.50)
Chinese Silver Panda
Ask $39.86 $4.80


GOLD TO SILVER RATIO

High: 0 Low: 0 0 0% 24H
 * 24H
 * 3D
 * 1W
 * 1M
 * 3M
 * YTD
 * 1Y
 * 5Y
 * All

View 1 monthView 3 monthsView 6 monthsView year to dateView 1 yearView all
Created with Highcharts 9.2.2View 1 month1mView 3 months3mView 6 months6mView
year to dateYTDView 1 year1yView allAll→


BITCOIN PRICE CHART

Bitcoin was the world’s first cryptocurrency. This digital form of payment has
become increasingly accepted by businesses around the world. View our bitcoin
price chart to see the bitcoin price today and research historical bitcoin
prices.





WHAT IS SILVER'S SPOT PRICE?

Silver’s spot price is the current price in the precious metals marketplace at
which a raw ounce of silver can be purchased and then sold for immediate
delivery. The silver spot price fluctuates constantly, making it important for
investors to stay informed on current events, market conditions and other
performance indicators, as they affect both the  selling and purchasing of
silver. You will pay the spot price plus a premium for any silver product, which
all dealers add to cover their overhead.

Shop Silver Best Sellers

SILVER SPOT PRICE

$27.44 USD - ($0.12) USD -0.43%

SILVER SPOT PRICES

SILVER PRICE

SPOT CHANGE

SILVER PRICE PER OUNCE

$27.44 USD - ($0.12) USD

SILVER PRICE PER GRAM

$0.88 USD $-0.00 USD

SILVER PRICE PER KILO

$882.22 USD - ($3.86) USD Live Metal Spot Prices (24 Hours) Last Updated:
4/26/2024 4:59:54 PM ET


POPULAR CATEGORIES

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HOW MUCH YOUR SILVER IS WORTH

Enter your amounts
Spot Price
Currency
USD
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Quantity
Unit
Ounces Grams Kilograms Grains Pennyweight Troy Ounces Pounds Troy Pounds
Purity
.9999 .999 .9584 (Britannia)) .925 (Sterling) .900 .400
Calculate


SILVER CALCULATOR

Depending on where you live, the silver spot price may not be listed in the
currency you use. APMEX has provided a silver calculator to show you the silver
price based on factors like currency, quantity, a unit of measure, and purity of
the silver. Need to insure your stack? Take the guesswork out of determining the
value with our silver coin calculator. Make informed sales and investments with
your collection. If you’re trying to figure out how much the sterling silver
around your house is worth, use our silver scrap calculator to clear your
clutter and make some money.




SILVER SPOT PRICE FAQ


INVESTING IN SILVER

Silver is available for investment in a number of forms, such as physical silver
bullion and paper silver. Silver bullion is most found in coin, round, and bar
forms with numerous size options. Some investors appreciate government-minted
coins, while others prefer purchasing silver bullion bars and rounds at lower
premiums. On the other hand, paper silver is available in the form of
Exchange-Traded Funds (ETFs) and certificates – essentially, a piece of paper
stating a financial institution is holding a specific amount of silver for you.
These options differ from silver bullion because the physical silver is never
actually in the buyer’s hands.


WHAT IS SILVER BULLION?

Silver bullion refers to a silver product valued by and sold mostly for its
metal content and does not contain any numismatic or collectible value. Silver
bullion often appears in the form of bars, rounds, and sovereign coins that
carry a face value and are backed by a government. These products are most
commonly categorized, therefore, as either .999 fine or .9999 fine silver
bullion, meaning the product is either 99.9% or 99.99% pure silver.

Browse our broad selection to find the perfect silver bullion coin for your
collection today.

If you are interested in diversifying your silver bullion with gold, explore our
selection of gold bullion for sale today.


WHAT IS THE PRICE OF SILVER TODAY?

The silver bullion prices are established and adjusted by the world market,
which includes buyers and sellers, relating to the price of silver futures.
Established markets worldwide are known for their Precious Metal exchanges and
international client bases, such as – the Commodity Exchange Inc. (COMEX), New
York Mercantile Exchange (NYMEX), London Bullion Market (LBM), and the Chinese
Gold and Silver Exchange Society (CGSE) to name a few of the most well-known.


WHAT IS SILVER WORTH?

Silver's value is based on the live silver spot price, which is affected by
various influences such as global supply versus demand, market conditions, and
geopolitical events. In a silver product, the metal content determines the
value's weight. An exception can be seen with rare or collectible numismatic
silver products, usually with a premium higher than the value based solely on
the metal's weight.

Other considerations like packaging, a certified grade from a third party, and
merchandising can impact the final price for the silver you purchased. APMEX
uses third-party grading companies PCGS and NGC, both known for their
reliability and trusted guarantees, to guarantee the condition of coins and
encapsulate them to maintain their grade.


WHAT'S THE PRICE OF SILVER PER OUNCE?

The price of silver can fluctuate based on market conditions, supply and demand,
geopolitical events, and more. When someone refers to the price of silver per
ounce, they refer to the silver spot price. While the overall price of your coin
will change with the silver spot price, silver coin values can still vary
depending on other factors such as mintage, scarcity, and condition. Whether
they come from a private mint or a sovereign mint, silver coin values will
differ.


WHAT IS A TROY OUNCE OF SILVER?

An ounce is not a "regular" ounce when paying the spot on silver prices. When
Americans refer to ounces, they generally are referring to Avoirdupois ounces.
The price of silver per ounce is always listed in troy ounces, which equals
1.09711 Avoirdupois ounces. One troy ounce equals 31.1035 grams. Troy weight, a
unit of measure in medieval France, has become an integral part of today's
precious metals industry. Brought to us from Troyes centuries ago, its use is
invaluable in determining accurate measurements for gold and other metals'
quantities.


WHAT IS THE DIFFERENCE BETWEEN THE SILVER BID, ASK, AND SPREAD PRICE?

Silver’s bid price is the price the dealer is willing to buy silver while the
silver ask price is the price at which the dealer offers to sell the silver to
customers. Generally, the difference found in the bid and ask price includes the
costs for fabrication and distribution of the coin, which is called the premium.
The price difference between the buying price and selling price is the spread –
so if silver is purchased at $20.00 and sold for $25.00, then the spread will be
$5.00 USD.


DOES MY COIN VALUE CHANGE WITH THE SILVER SPOT PRICE?

The overall price of your coin will change with the silver spot price, but
silver coin values also vary depending on factors such as mintage, scarcity, and
condition. Silver coin values will differ whether they come from private or
sovereign mints. Coins and bullion make great investment opportunities; for any
questions regarding the eligibility of specific silver products in your
investment portfolios, please consult your financial advisor.

Are you considering about buying silver dollar coins? Please browse our
selection and find the right coin for your collection today.


ARE THE SILVER SPOT PRICES TODAY THE SAME REGARDLESS WHERE I LIVE?

Silver prices are the same at any moment regardless of where you buy. Live
silver prices always reflect silver traded in U.S. dollars. In local markets,
the silver price in USD is converted to the local currency to reflect the price
for one troy ounce of silver. There are some better-known exchange markets
located around the world for trading Precious Metals that are always up to date
on the silver spot prices, such as the COMEX, NYMEX, LBM, and CGSE.


HOW TO STORE SILVER?

After deciding what kind of silver you’re interested in buying, you must decide
how to store your silver securely. Your first decision will be if you want to
store your silver at home or in a secure third-party facility. If you choose to
store it at home, you can keep your silver in a safe or lock box to provide an
extra level of protection. If you wish to store somewhere other than your home,
a place that can provide higher levels of protection against theft or
environmental damage, you can store your silver with a reliable third party such
as Citadel  (a subsidiary of APMEX) for a small fee.

If you decide to trust Citadel with your precious metals, there are many
benefits over storing your investments at your home. Citadel secures your silver
and peace of mind by protecting against theft, physical damage, and loss. Your
holdings are never placed with our customers’ products, and you will have a
personalized web page detailing your items in storage so you can check their
real-time market value. APMEX will also buy back your stored purchases at market
price, and there is no shipping cost when you decide to sell to us.


ARE YOU THINKING ABOUT SELLING SILVER BULLION ONLINE?

Are you ready to sell your silver? With APMEX, you can sell your precious metals
online – quickly and easily! Visit the  Sell Silver to Us section to receive
information on how to sell your silver bars, coins, and rounds to APMEX or call
our Specialists for a detailed selling process at 800.375.9006.


WHAT IS THE GOLD TO SILVER RATIO?

The gold to silver ratio is a formula used to determine how many ounces of
silver it takes to buy one ounce of gold. For the ratio, take the gold price
divided by the silver price. Investors use this ratio to determine the relative
value of silver to see if a potential buying opportunity exists. Track today's
live gold price and stay informed.

Interested in diversifying your investment strategy with gold? Browse our broad
selection of gold coins, rounds, and bars.




WHAT IS A PRECIOUS METALS IRA?

Investing in a Precious Metals IRA with silver, or a self-directed IRA, is an
investment option with upside potential. Similar to standard IRAs, you can
purchase and sell your metal with the tax-deferred, allowing the profits from
sales to remain untaxed until you withdraw them at retirement age – when it may
be more financially advantageous for you.


WILL YOUR SILVER BE TAXED?

Shopping online with APMEX may involve state and local taxes based on a few
factors. The full or partial order amount being taxed and your shipping
destination address can determine the tax rate. To find out more details about
individual states' regulations, visit our State Tax Information page!


IS YOUR PRICE OF SILVER LOCKED IN WHEN YOU PLACE YOUR ORDER?

When ordering online or over the telephone with us, your price is locked in the
moment your order is submitted. After submitting your order, you will also
receive an email containing an order confirmation listing what you purchased and
your final price.


IS THERE A DIFFERENCE IN PRICE IF YOU PAY FOR YOUR SILVER BY CHECK INSTEAD OF
CREDIT CARD?

When purchasing with APMEX, you can choose between several payment methods. In
some cases, these options may even include discounts. To find out which accepted
payments qualify for special offers and see all our detailed FAQs about pricing
and payment types, visit our Payment FAQ page today.


WHY DO INVESTORS BUY PHYSICAL SILVER

Silver is a precious metal with a finite supply. Its limited supply and many
uses across industries from healthcare to automotive to energy mean it will
always be in demand. In addition, it has no counterparty risk when you purchase
and hold physical silver. Counterparty risk is the risk that another person or
entity will not uphold their part of a contract. When banks or organizations
such as FTX fail, investors and depositors lose much – sometimes everything.
Those who hold physical silver have an investment that doubles as a hedge
against the worst-case scenario. Silver is a multi-purpose investment that can
be useful for several investment strategies.


SILVER PRICE HISTORY

Throughout most of the 1990s, one troy ounce of silver traded around $5.00. In
the early 2000s, the price of a troy ounce of silver began to increase. It has
undergone periods of volatility with great movements up and down. Since 1990,
the lowest price silver has ever reached was $3.55 in 1991, and the highest
price ever reached was $48.70 in 2011. Silver went higher once in 1980 when it
went to $49.45 per troy ounce in the wake of a near global financial collapse
when the Hunt Brothers attempted to corner the silver market and buy all
available silver. They did this by financing their speculative ventures to such
a degree that missing a margin call set off a cascade of events that affected
not only the price of silver, but also gold and other assets and commodities. In
the aftermath, several regulations were put in place to prevent a similar event
from occurring. A single individual or entity should no longer be able to take
over the entire silver market and create a monopoly.

Advocates of silver point to the 1980 spike in prices a sign for what silver
prices can reach, especially in a scarcity environment, and point out that
$49.45 in 1980 would be the equivalent of $184.64 in 2023 due to inflation. This
puts a theoretical upper limit on the spot price of silver.


USING ALL-TIME HIGHS FOR TIMING

Sophisticated investors who want to time the market sometimes use all time highs
to determine when it’s a good time to buy or sell. The current all-time high is
in 1980 at $49.45, however this was due to market manipulation and a near
catastrophic system failure that drove prices through the roof. If we look at
the next highest price it was in 2011 for $48.70. Investors will sometimes use
this information in one of two ways. They will either look at the high in 1980
or 2011 as a flat dollar amount and consider that their baseline for how high
silver can go. Others will convert the highs from those years into today’s
numbers to account for inflation and consider that the high for silver. In 1980,
the high would be equivalent to $184.64 and for 2011 the high would translate to
$66.61 in 2023. One way to interpret these numbers are to think about the
potential silver can reach in a system failure vs the high silver may reach from
normal supply and demand imbalance.


COULD SILVER REACH $100, $300 OR $1,000 PER OUNCE?

We cover this topic extensively on the Knowledge Center in our article “Could
the Price of Silver Ever Reach $1000 Per Ounce”. Silver is the target of a
recurring hype cycle online where pundits, influencers, and some industry
leaders begin predicting silver’s price will skyrocket. Although these
predictions have circulated for some time, they have yet to manifest.

There are very good reasons to invest in silver. It’s a tangible investment that
has stood the test of time. It has no counterparty risk, its value has increased
nearly 600% since the 1990s, and its built-in scarcity and utility mean its
value will never drop to zero like some investments do. We encourage our
customers and readers to do their own research prior to investing in silver, and
to invest wisely.


FACTORS THAT INFLUENCE SILVER PRICES

Silver prices are influenced by a combination of macroeconomic factors, market
sentiment, and industry-specific dynamics. Global economic conditions play a
significant role, with factors like inflation rates, interest rates, and overall
economic growth affecting silver prices. Market sentiment, influenced by
geopolitical events and investor demand for safe-haven assets, can lead to rapid
price fluctuations. Industrial demand for silver, driven by its use in various
sectors like electronics and green technologies, also impacts prices. Moreover,
mining production levels, geopolitical stability in major silver-producing
regions, and fluctuations in the value of the U.S. dollar, as silver is priced
in dollars, contribute to the overall volatility and trend in silver prices.

One example on the week of November 28th, 2023, may help illustrate how silver
prices may move in accordance to market conditions. When the Fed’s Christopher
Waller made dovish statements regarding the possibility of rate cuts in 2024,
the market reacted strongly. The two-year treasury yield dropped 8.9 basis
points and prices of gold and silver both surged. Silver spot price increased
4.21% from the start of the week in response to these market conditions.


HOW IS THE SILVER SPOT PRICE DETERMINED?

Silver spot prices are primarily determined through commodity futures exchanges
like the COMEX (Commodity Exchange). The spot price represents the current
market value for immediate delivery of silver. On the COMEX, a continuous
auction process occurs where buyers and sellers submit orders to purchase or
sell silver futures contracts. The intersection of the highest bid and the
lowest ask prices establishes the current spot price. This price discovery
mechanism involves a dynamic interplay of market participants responding to
factors such as supply and demand dynamics, geopolitical events, economic
indicators, and investor sentiment. The COMEX spot price serves as a benchmark
for silver valuations globally, influencing various market participants,
including miners, manufacturers, and investors.

While the COMEX (Commodity Exchange) is a major platform for silver futures
trading and plays a significant role in price discovery, there are other
commodity exchanges and markets that also contribute to determining the silver
spot price. The LBMA (London Bullion Market Association) is a crucial player in
the global precious metals market, and the London Silver Fix, now replaced by
the LBMA Silver Price, provides a benchmark for silver prices. Additionally,
various futures and commodities exchanges worldwide, such as the Tokyo Commodity
Exchange (TOCOM) and the Shanghai Futures Exchange (SHFE), contribute to the
broader global pricing of silver. The aggregated influence of these exchanges
and the interconnectivity of global financial markets contribute to the
comprehensive determination of the silver spot price.


HOW SILVER FUTURES INFLUENCE SILVER SPOT PRICES

The silver spot price represents the current market value of silver for
immediate delivery and settlement. It reflects the prevailing supply and demand
conditions in the physical silver market. In contrast, silver futures are
financial contracts that obligate the buyer to purchase or the seller to deliver
a specified quantity of silver at a predetermined future date and price. Futures
contracts allow participants to hedge against price volatility or speculate on
future price movements. The difference between the silver spot price and silver
futures is influenced by factors such as market expectations, interest rates,
storage costs, and supply-demand dynamics, making it essential for investors and
traders to carefully analyze these variables when engaging in silver-related
transactions.


WHY ARE THERE DIFFERENCES BETWEEN SILVER SPOT AND SILVER FUTURE PRICES?

Contango and backwardation refer to the relationship between future and spot
prices in commodity markets. In the context of silver futures, contango occurs
when the futures price of silver is higher than the spot price, indicating
market expectations of higher future demand or lower future supply. This
situation can arise due to storage costs and interest rates. On the other hand,
backwardation occurs when the futures price is lower than the spot price,
signaling expectations of lower future demand or higher future supply. Traders
and investors closely monitor these dynamics as they can provide insights into
market sentiment and supply-demand conditions, influencing trading strategies in
the silver market.


HOW TO TRADE THE GOLD TO SILVER RATIO

The ratio between gold and silver signifies the quantity of silver needed to
acquire one ounce of gold, providing valuable insights into the relative worth
of these precious metals. A higher ratio historically indicates potential
undervaluation of silver compared to gold, presenting an opportune moment for
silver-focused investments, while a lower ratio may suggest favorability for
gold investments. Experienced investors strategically shift between silver and
gold based on this ratio. For instance, consider an investor who purchased 5
ounces of gold in January 2019 when the gold to silver ratio stood at 82. By
April or May 2020, with the ratio at 112, the investor might have exchanged gold
for 560 ounces of silver. Subsequently, in September 2020, as the ratio dropped
to 70, the investor could trade the 560 ounces of silver back for 8 ounces of
gold. Accounting for an initial gold price of around $1300/ounce in January 2019
and a gold price exceeding $1900/ounce in September 2020, such ratio-based
trading could yield significant returns, surpassing 133%. It's important to note
that this simplified scenario does not consider factors like taxes, premiums, or
the investor's trade decisions. In practical terms, individual investors
typically convert assets to a liquid currency, such as the US dollar, for
trading purposes. The type of product purchased matters as well. An investor
trading the gold to silver ratio usually prefers silver with low premiums that
are easy to liquidate such as 1 oz silver bars or silver coins from a sovereign
mint.


WHY IS SILVER USED AS A STORE OF WEALTH

Silver has historically played a role as a form of currency, particularly in
times of hyperinflation when fiat currencies lose value rapidly. During
hyperinflationary crises, people often turn to tangible assets like silver to
preserve their wealth. In recent history, notable examples include the
hyperinflation in Zimbabwe in the late 2000s. The Zimbabwean dollar experienced
astronomical inflation rates, prompting citizens to seek alternative stores of
value, with some turning to silver and gold. Similarly, during the
hyperinflationary period in Venezuela that began in the mid-2010s, the
Venezuelan bolivar lost its value at an alarming rate, leading individuals to
turn to precious metals like silver as a more stable form of wealth
preservation. In such extreme economic scenarios, silver's intrinsic value and
historical role as a currency provide individuals with a tangible and tradable
asset that can serve as a hedge against the eroding value of fiat currencies. In
Venezuela, silver is used to barter for food, medicine and fuel and continues to
play a role in the economy today. While the Bolivar dropped in value due to
hyperinflation, the value of silver and other precious metals remained strong,
making it not only a wise investment but an excellent store of wealth.

Some of the worst examples of hyperinflation include Germany post WWI, Greece
after WWII, and Yugoslavia in 1994. Precious metals such as silver helped save
many people during these periods.


THE GREEN REVOLUTION AND SILVER’S INDUSTRIAL USES

With constrained supply and the ever-growing demand for silver, there is a
consensus belief that demand will outstrip supply and prices will rise. At the
center of this narrative is the demand for silver in electric vehicles and in
photovoltaics – or solar panels. With the massive build back better bill
funneling hundreds of billions towards a green revolution that is heavily
dependent on silver, many traders are following the money. Silver supply has
only increased a very small amount each year. In 2021, the total supply
increased by 4.9%, and in 2022, the supply increased by .02%, which was
essentially flat. 2023 was forecast to a mere 2% increase. The constrained
supply is due to regulatory hurdles and the lead time it takes for new mines to
become operational. We have seen massive demand between 2020 and 2023, yet
supply has not kept pace.

Photovoltaics or solar uses a lot of silver. Silver consumption for silver has
increased by 10% in 2021, and 28% in 2022 and is forecast to consumer an
additional 15% in 2023. The forecast demand for 2023 is 161 million ounces, and
that number is set to only grow. Between 2020 and 2023, the solar industry has
consumed 91% of the supply increase alone. With additional spending set to
propel this industry further, silver consumption is expected to outpace supply.



Silver Supply & Solar Use (millions of oz)

Year 2020 2021 2022 2023 FC Silver Supply 957.9 1004.5 1004.7 1024.9 Supply
Increase YoY -- 4.9% 0.0% 2.0% Solar Demand 100 110 140.3 161.1 Solar YoY
Increase -- 10% 28% 15%


In addition to solar, electric vehicles use considerably more silver than ICE
(internal combustion engine) vehicles. Although the amount of silver in each EV
varies by brand and model, a very rough estimate puts ICE vehicles at about half
of a troy ounce and EVs at about one troy ounce. For every EV to replace an ICE
vehicle, we expect an additional 0.5 troy ounces to be consumed. This does not
include the millions of ounces it will take to completely electrify our grid so
electric car chargers are available around the US. Projections are constantly
changing, and electric vehicle production has recently hit a slowdown with
rising interest rates (2023) and manufacturers pulling back on their
manufacturing forecasts. Nonetheless, 14% of the new vehicles sold in 2022 were
EVs, marking meaningful progress from the 4% in 2020. Full electrification could
easily consume an additional 100 million ounces by 2030 if EV adoption continues
apace.

Silver stackers are watching the green revolution unfold as it has the potential
to propel silver prices to much higher trading ranges as supply and demand
attempts to balance out.


WHY YOU SHOULD NEVER ATTEMPT TO BUY SILVER BELOW SPOT

In various industries, there are people out to take advantage of others, so it's
important to exercise caution. If someone is offering to sell a troy ounce of
silver below the spot price, they're likely dealing in fake silver coins or
bars. The spot price shows the metal's real value, but the premium is necessary
to keep the entire supply chain running, covering the costs for mines, refiners,
mints, and retailers to make a profit. Without a premium, the metal stays in the
ground, and there's no functioning market. If you come across silver listed
below the spot price, it's best to be suspicious of the deal.

Talk Live with one of our specialists.

service@apmex.com

800.375.9006


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