Silver
Silver Charts & Prices
Below, you’ll find insights on how to leverage these market trends to refine your investment strategy. Once you’ve analyzed the spot prices, explore our Top Sellers to secure your assets today.
Live Silver Price
Market closed
Silver is trading at $60.76 per troy ounce (bid), down $0.04 (0.07%) from the previous close.
| Ounce | 60.76 | -0.04 |
|---|---|---|
| Gram | 1.95 | +0.00 |
| Kilo | 1,953.59 | -1.34 |
| Pennyweight | 3.04 | +0.00 |
| Tola | 22.79 | -0.02 |
| Tael | 73.84 | -0.05 |
Day's Range
Prices in US dollars per troy ounce. Indicative spot-market data for information only, not a trading quote or financial advice.
Silver Value by Purity
Calculator (quantity & unit)
| Fineness | Value (USD)* |
|---|---|
| 999 Fine Silver | — |
| 925 Sterling Silver | — |
| 900 Coin Silver | — |
| 800 Silver | — |
* Estimated metal value only, based on the live bid price. Retail premiums, dealer margins and fees may apply to physical products. Enter a custom purity percentage in the box above.
Silver Spot Price Chart (Bid) — USD per Ounce
Chart shows the bid price in New York time. Recent prices are recorded every minute while the market is open (Sunday 6 PM to Friday 5 PM ET); if you pick a candle size that is too fine for the range, the next workable size is used.
Silver Price Today — Per Ounce, Gram and Kilo
Silver's spot price is quoted per troy ounce. This table converts that live quote into the other weight units used in bullion and jewelry trade, in US dollars.
| Unit | Silver Price (USD) | Change | Low | High |
|---|---|---|---|---|
| Silver price per ounce | $60.76 | -$0.04 | $60.76 | $60.76 |
| Silver price per gram | $1.95 | +$0.00 | $1.95 | $1.95 |
| Silver price per 10 grams | $19.54 | -$0.01 | $19.54 | $19.54 |
| Silver price per kilo | $1,953.59 | -$1.34 | $1,953.59 | $1,953.59 |
| Silver price per pennyweight | $3.04 | +$0.00 | $3.04 | $3.04 |
| Silver price per tola | $22.79 | -$0.02 | $22.79 | $22.79 |
| Silver price per tael | $73.84 | -$0.05 | $73.84 | $73.84 |
Based on the bid price of the spot market. One troy ounce is 31.1035 grams. Tola is 11.6638 g, the Hong Kong tael is 37.799 g, and a pennyweight is 1/20 of a troy ounce. Low and High are for the current trading day.
Silver Price Historical Performance
| Time | Change | Change% |
|---|---|---|
| 3 Days | — | — |
| 7 Days | — | — |
| 30 Days | — | — |
| 60 Days | — | — |
| 6 Months | — | — |
| 1 Year | — | — |
| 5 Years | — | — |
| 10 Years | — | — |
| 15 Years | — | — |
How Much Your Silver is Worth
Silver Calculator
The silver spot price is typically listed in troy ounces, but it can be converted into any unit of measure you want to buy or sell. Some markets list the live spot price of silver in a variety of currencies, but many silver markets use live data listed in USD.
Calculating the payouts for your unwanted gold, silver, or platinum jewelry and bullion shouldn’t be a guessing game. Our intuitive scrap metal calculator streamlines the entire process, converting raw technical data into an accurate valuation in just a few clicks. By pairing your item’s precise purity hallmark and exact mass against live global commodity markets, the tool automatically factors in standard, competitive payout percentages upfront. This ensures you receive a realistic, honest reflection of what your items are worth with zero hidden refining fees or surprise deductions.
If you want to know more about how it works or what formula we use, you have to visit the official Marcus Metals Scrap Calculator.
Silver Price FAQ
What is the price of silver today?
The live price is at the top of this page, quoted per troy ounce, and the table shows it per gram, kilo and other units.
What does “spot price” mean?
It is the current market price of one troy ounce of silver for immediate delivery.
Why do dealers charge more than spot?
Coins, rounds and bars carry a premium for minting, distribution and dealer margin. The premium is proportionally higher on small items.
How is a troy ounce different from a regular ounce?
A troy ounce is 31.1035 g and the everyday ounce is 28.35 g. Precious metals are always quoted per troy ounce.
What purity is investment silver?
Bars, rounds and most bullion coins are 99.9% pure (999 fine). Sterling is 92.5% and is used mainly for jewelry and tableware.
What is “junk silver”?
U.S. dimes, quarters, and half dollars dated 1964 and earlier are 90% silver. They are valued by their silver content rather than as collectibles.
Why is silver more volatile than gold?
The silver market is smaller and demand comes from both investors and industry, so shifts in either can move the price sharply.
What is the gold-silver ratio?
The gold price divided by the silver price, a common gauge of how the two metals are valued against each other.
How the Silver Spot Price Works
The spot price is the market price for one troy ounce of silver for immediate delivery, quoted in US dollars. It comes from the most actively traded silver futures contracts together with over-the-counter dealing, and it moves almost around the clock as trading passes between New York, London, Zurich, Shanghai and Hong Kong. Spot metals trade from Sunday 6 PM to Friday 5 PM Eastern Time.
A troy ounce is 31.1035 grams, about 10% heavier than the everyday ounce used for groceries (28.35 g). Coins, rounds and bars sell at a premium over spot to cover minting, distribution and dealer margin. Because silver is cheap per ounce, that premium is a bigger share of the price than it is for gold, especially on small items.
Spot vs. futures: spot is for delivery now. Futures are for delivery on a later date and normally trade slightly above spot because of storage, insurance, and interest costs. When futures trade below spot, it signals unusually strong demand for immediate metal.
What Moves the Silver Price
- Industrial demand. More than half of silver demand comes from industry. It has the highest electrical and thermal conductivity of any metal, so it is used in solar panels, electric vehicles, electronics, 5G equipment and medical products. Strong manufacturing, especially solar, supports the price. Weak manufacturing weighs on it.
- Investment demand. Silver also trades as a store of value. Flows into silver-backed ETFs, coins and bars move the price, and they tend to rise when investors worry about inflation or markets.
- Interest rates and the Federal Reserve. Silver pays no yield, so like gold it becomes more attractive when inflation-adjusted rates fall. Rate decisions and inflation reports are a major day-to-day driver.
- The U.S. dollar. Silver is priced in dollars, so a weaker dollar tends to lift it and a stronger dollar tends to weigh on it.
- Supply. Most silver is mined as a by-product of copper, lead, zinc and gold mining, so output does not react quickly to a higher silver price. Recycling adds some supply. In recent years the market has used more silver than it produces, with stockpiles making up the gap.
- The gold-silver ratio. Traders compare the two metals. When the ratio is unusually high, silver is considered cheap relative to gold, and the reverse when it is low.
- Inflation and currency debasement. Over long periods, gold has broadly kept its purchasing power as paper currencies lost theirs. Over shorter periods the link to inflation is looser.
- The U.S. dollar. Gold is priced in dollars, so a weaker dollar tends to lift it and a stronger dollar tends to weigh on it.
- Central bank buying. Central banks are among the largest holders of gold, and their purchases have been a major source of demand in recent years.
- Safe-haven and investment demand. Market stress and geopolitical uncertainty push investors into gold, and gold-backed ETF flows show it daily.
The Gold-Silver Ratio
The gold-silver ratio is the gold price divided by the silver price. It tells you how many ounces of silver it takes to buy one ounce of gold. For most of monetary history, it was fixed near 15 to 1. In the modern free-market era, it has swung widely, from below 20 to above 100, as the two metals respond differently to industrial cycles and investment demand. A rising ratio means gold is outperforming silver, and a falling ratio means silver is catching up.
Silver Value by Purity
Silver purity is usually stated as fineness, the number of parts of pure silver per 1,000.
| Fineness | Silver content | Common name | Typically found in |
|---|---|---|---|
| 999 | 99.9% | Fine silver | Bars, rounds, American Silver Eagle, Maple Leaf |
| 925 | 92.5% | Sterling silver | Jewelry, flatware, tableware |
| 900 | 90% | Coin silver | U.S. dimes, quarters and half dollars dated 1964 and earlier |
| 800 | 80% | 800 silver | Older European silverware and some antique pieces |
An item stamped 925 holds 92.5% silver, so its melt value is about 92.5% of the weight in silver at the spot price. Melt value is not what you will be paid or charged. Buyers of scrap pay below melt, and finished jewelry or collectible coins sell above it.
Silver Price History
Silver spent most of the twentieth century well under $10 an ounce. It spiked to nearly $50 in January 1980, when the Hunt brothers attempted to corner the market, and again came close to $50 in April 2011. After years in the teens and low twenties, it broke through those old highs in the mid-2020s and reached a record in the region of $110 to $120 per ounce in 2026. Check the exact record and its date against your data source, since providers differ.
Silver is a more volatile metal than gold. Its market is smaller, and because it serves both investors and industry, it can move sharply in either direction.
About Silver
Silver has been used as money and for ornaments for thousands of years, and the word “sterling” and many currency names (the French argent, for one) come from it. Today demand is split between industry, jewelry and silverware, and investment in coins and bars. It is the most reflective and the best-conducting of all metals, which is why it is in mirrors, switches and the front-side contacts of solar cells. Unlike gold, it tarnishes over time as it reacts with sulfur in the air. Tarnish is only a surface layer and polishing removes it.