Silver Price Today — Live Market Analysis
The silver price today is determined continuously across global markets. Quoted as XAG/USD, the spot price represents what buyers and sellers are paying right now for immediate delivery of one troy ounce of pure silver (999 fine), settled in US Dollars. Primary price discovery occurs on COMEX in New York and through the London Bullion Market Association (LBMA), which publishes a daily benchmark reference price each London afternoon.
What is the silver price right now?
The live ticker and chart above show today's XAG/USD spot price sourced continuously from COMEX futures and the LBMA OTC market. Silver's unique position as both a monetary metal and a critical industrial commodity means today's price is shaped by a wider range of factors than any other precious metal. The ticker refreshes tick-by-tick during trading hours; outside market hours it reflects the last available quote.
What drives today's silver price?
- Solar energy demand: Silver is a critical material in every photovoltaic (PV) solar panel. The global energy transition is creating a structural, multi-decade demand surge for silver in solar manufacturing — the fastest-growing category of silver consumption and a key support for today's price.
- Electronics and semiconductors: Silver's unmatched electrical conductivity makes it essential in circuit boards, switches, contacts, EV charging connectors, and advanced chip packaging. Global electronics output data moves today's silver price.
- Gold/silver ratio: The ratio of XAU/USD ÷ XAG/USD is a key relative value signal. Historically ranging 40–80x, a high ratio today signals silver is historically cheap versus gold — attracting ratio traders who buy silver anticipating mean reversion.
- Fed interest rate policy: Rising real US interest rates increase the opportunity cost of holding non-yielding silver and typically suppress today's XAG/USD price. Rate cuts or dovish Fed signals do the reverse.
- US Dollar strength (DXY): Silver, like all USD-priced commodities, moves inversely to a rising DXY index. Dollar weakness today typically lifts the silver price.
- COMEX speculative positioning: Silver's relatively small and less liquid market makes it susceptible to large price swings when hedge funds and managed money accounts shift their net long or short COMEX futures positions significantly.
- Safe-haven demand: During financial crises, geopolitical events, and dollar devaluation fears, silver attracts investment inflows as a monetary store of value — amplifying its price moves relative to gold.
Why is silver more volatile than gold today?
Silver's market capitalisation is a fraction of gold's, meaning individual large trades have a proportionally greater impact on price. Its heavy industrial usage (over 50% of annual supply) exposes it to global manufacturing cycle swings that gold largely avoids. These factors combine to produce daily price swings in silver that are typically 2–3x larger in percentage terms than equivalent moves in the gold price — making silver a higher-risk, higher-reward precious metal market.
Silver price today per gram
- Per troy ounce: The global standard — shown live in the ticker and chart above.
- Per gram: Divide today's USD/oz price by 31.1035. At $30/oz ≈ $0.96/g.
- Per kilogram: Multiply the gram price by 1,000. At $30/oz ≈ $964.50/kg.
Today's silver price in other currencies
The XAG/USD spot price shown here is the global benchmark. Silver prices in EUR, GBP, and other currencies are derived by converting the USD spot price at the current exchange rate. Use the currency cards above to view today's silver price in euros or pounds, or toggle the chart currency selector directly in the widget.