Today's silver rate, explained
Today's silver spot price is quoted per troy ounce and per gram in USD; live values appear above as market data arrives. Prices are converted from the USD benchmark using current currency rates.
Silver combines investment demand with substantial industrial use, so its price can move differently from gold. A 925 sterling item contains 92.5% silver by weight; physical bars and coins also carry fabrication premiums and may be subject to local sales tax or VAT.
Precious metals at a glance
USD / troy ounceSilver price chart · USD per troy ounce
Silver Price Chart (USD)
Live silver price history in US Dollar (USD). Switch between 24-hour, 7-day, 30-day, and 1-year views.
Performance
Currency comparison weight
Silver price by currency
Fine silver per troy ounce · current exchange rates
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US Dollar
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Euro
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British Pound
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Japanese Yen
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Swiss Franc
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Australian Dollar
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Canadian Dollar
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Indian Rupee
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Chinese Yuan
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Singapore Dollar
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Hong Kong Dollar
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UAE Dirham
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Saudi Riyal
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Mexican Peso
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Brazilian Real
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South Korean Won
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South African Rand
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Russian Ruble
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Turkish Lira
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Polish Zloty
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Thai Baht
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Malaysian Ringgit
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Indonesian Rupiah
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Philippine Peso
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Vietnamese Dong
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New Zealand Dollar
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Swedish Krona
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Norwegian Krone
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Danish Krone
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Czech Koruna
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Taiwan Dollar
Silver price by weight
| Weight | Grams | Spot value (USD) |
|---|---|---|
| Troy Ounce | 31.1035 | — |
| Gram | 1 | — |
| Kilogram | 1000 | — |
| Pennyweight | 1.55517 | — |
| Tola | 11.6638 | — |
| Tael (Hong Kong) | 37.429 | — |
| Tael (Shanghai / Mainland China) | 50 | — |
| Tael (Taiwan) | 37.5 | — |
| Grain | 0.0648 | — |
| Momme | 3.75 | — |
| Baht | 15.244 | — |
| Chi | 3.75 | — |
| Don | 3.75 | — |
| Mesghal | 4.6875 | — |
Quick Calculator
Calculate silver value
= 31.1035 grams
= 1.000001 troy ounces
Price per oz t: —
How the silver price is calculated
Start with the international USD price for one troy ounce of fine silver. Divide by 31.1034768 to obtain the price of one gram, then multiply by the current USD exchange rate. Weight conversion changes the amount of metal, not its intrinsic price. A kilogram contains 1,000 grams; a troy ounce is not the 28.35 g ounce used for everyday goods.
At the current quote, 10 grams of fine silver has a reference value of — USD. A buyer's offer is a separate figure. Deduct stones and non-metal parts before weighing jewellery, apply its tested purity, and ask whether any assay or handling charges are included. A hallmark is useful evidence, but damaged, plated or uncertain pieces should be tested.
Compare quotes taken at the same time and in the same currency. A retail ask includes manufacturing and distribution costs, while a buy-back bid reflects a dealer's margin and ability to resell or refine the item. Exchange rates can change a local price even when the USD metal benchmark is unchanged. These are market references, not guaranteed transaction prices or investment advice.
Buying Silver in United States: local market, taxes and premiums
At the live price shown above per troy ounce, the price you see here is the international XAG spot price converted into US Dollar. Physical buyers in United States pay that reference plus a premium, and local trading is concentrated around New York and the large national online dealers. Buyers there generally watch the COMEX front-month contract and the LBMA PM auction as the day's reference.
Taxes and duties. Silver, platinum and palladium follow the same state-level rules, and long-term gains on physical metal are taxed as collectibles at up to 28%. Silver is bulkier and cheaper per unit, so shipping, storage and consumption taxes matter far more to the final price than they do for gold. That is why the shop price of silver in USD can sit noticeably above the spot value of the same troy ounce of metal.
How people usually buy. The common routes in United States are APMEX-style online dealers, local coin shops, US Mint authorised purchasers and COMEX futures and ETFs. The products most often quoted locally include American Gold Eagle, American Buffalo, 1 oz Silver Eagle, 10 oz and 1 kg bars.
Local conventions. Prices are quoted per troy ounce; jewellery is sold in karats (14K and 18K dominate) rather than fineness. Before you buy, compare the dealer's asking price per troy ounce with the live silver price above, and check the buy-back spread the same dealer offers — that round-trip cost matters more than a small difference in the headline USD quote.
Market information only, updated with live prices. Not tax or investment advice; tax rules in United States can change.
What Drives Silver Prices Today
Industrial demand (~50%)
Silver is essential for solar panels, EVs, electronics and 5G. Industrial use makes silver more volatile than gold.
Gold-silver ratio
Historically 50:1 to 80:1. When the ratio exceeds 80, silver is often considered undervalued vs gold.
Investment demand
Silver ETFs (SLV, SIVR) and coin demand surge during inflation or financial stress. Smaller market = bigger price swings.
Mining supply
~70% of silver is mined as a by-product of copper, zinc, and lead. Base metal demand affects silver supply.
USD and real rates
Like gold, silver benefits from a weak dollar and falling real interest rates.
How to Invest in Silver
- ▸Silver bullion coins (American Eagle, Canadian Maple, Britannia) — most liquid form of physical silver.
- ▸Silver bars (1 oz to 1000 oz) — lower premiums per ounce than coins.
- ▸Silver ETFs (SLV, SIVR, PSLV) — easy exposure without storage hassles.
- ▸Silver mining stocks (SIL, SILJ) — leveraged to silver prices.
- ▸90% junk silver (pre-1965 US coins) — popular for fractional ownership and barter scenarios.
Buying Silver: What to Know
- ▸Silver carries higher percentage premiums than gold — shop multiple dealers.
- ▸Beware of fakes — magnet test, ring test, and weight verification catch most.
- ▸Storage costs more relative to value (silver is bulkier per dollar than gold).
- ▸VAT/sales tax applies to silver in many jurisdictions (EU, UK, parts of US) — check local rules.
- ▸1000 oz 'good delivery' bars offer the lowest premium but require professional vaulting.
Information on this page is for educational purposes only and is not investment advice. Precious metal prices can be volatile. Always do your own research or consult a licensed financial advisor before investing.
Charts & long-term perspective
Silver Long-Term Performance
Total % return vs spot price (USD/oz). Reference values are approximate yearly averages.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Precious Metals Performance Comparison
90-day % change (USD), normalized to start
Gold/Silver Ratio
How many ounces of silver equal one ounce of gold. Historical avg ≈ 60.
Prices in local weight units
Tael, tola, baht, chi, don and momme rates converted live from the world spot price.
- Shanghai silver price per tael50 g metric tael, mainland China
- Shanghai gold price per tael50 g metric tael, mainland China
- Hong Kong gold price per tael37.429 g, CGSE standard
- Hong Kong silver price per tael37.429 g, CGSE standard
- Gold price per tola11.6638 g, India & the Gulf
- Gold price per tola in INRIndian rupee rate
- Gold price per tola in AEDDubai rate
- Gold price per baht15.244 g, Thailand
- Gold price per baht in THBThai shop unit
- Taiwan gold price per tael37.5 g, 台兩
- Gold price per chi in VND3.75 g, Vietnam
- Gold price per don in KRW3.75 g, Korea
- Gold price per momme in JPY3.75 g, Japan
- Gold price per pennyweight1.55517 g, US jewellery trade
Silver price FAQ
How much does one ounce of silver cost in USD today?
One troy ounce of silver currently costs approximately the live spot price shown on this page. This live spot price is refreshed every 5 minutes from MetalflowAPI market data and reflects the international XAG/USD rate.
What is the current silver rate in United States today?
The current silver rate in United States is the live spot price shown on this page per troy ounce. Prices refresh every 5 minutes and follow the international Silver spot price converted to US Dollar.
How much is 1 troy ounce of silver in USD?
1 troy ounce of silver equals the live spot price shown on this page today. This is calculated from the live spot price per troy ounce, converted via the USD exchange rate (1 troy ounce = 31.1035 grams).
How is the silver price per troy ounce calculated?
The silver price per troy ounce is calculated by converting the international spot price (quoted per troy ounce in USD) to USD using the current exchange rate, then converting to the troy ounce weight unit (1 troy ounce = 31.1035 grams).
What factors affect the silver price?
Silver prices are influenced by central bank policies, inflation rates, currency fluctuations, geopolitical tensions, mining supply, industrial demand, and investor sentiment. During economic uncertainty, precious metals often serve as safe-haven assets.
Is silver a good investment?
Silver has historically been considered a store of value and hedge against inflation. However, all investments carry risks. Silver doesn't generate income like stocks or bonds. Investors should consider their financial goals, risk tolerance, and portfolio diversification needs.
How can I buy silver?
You can buy silver through various channels: physical bullion (bars and coins) from dealers, gold ETFs on stock exchanges, futures contracts, mining company stocks, or digital gold platforms. Each method has different costs, storage requirements, and liquidity levels.