Silver market chart
Historical benchmark in MXN per troy ounce; weight conversions are shown in the tables.
Silver Price Chart in MXN per Troy Ounce
Live silver price history in Mexican Peso (MXN) per troy ounce. Toggle 24H, 7D, 30D, and 1Y ranges to analyze silver trends.
Quick Calculator
Calculate silver value
= 31.1035 grams
= 1.000001 troy ounces
Price per oz t: —
Silver price by currency
Fine silver per troy ounce · current exchange rates
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Silver price by weight
| Weight | Grams | Spot value (MXN) |
|---|---|---|
| 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 | — |
What is a Troy Ounce? Silver weight, conversions and local use
Definition. The troy ounce (31.1035 g) is the settlement unit of the London and COMEX markets, so it is the number every other quote is derived from. One troy ounce equals 31.1035 grams, or 1.00000 troy ounces, which at today's silver spot price works out to — MXN.
Where it is used. Bullion bars and coins are struck in 1 oz, 10 oz and 100 oz sizes, and dealer spreads are quoted as a premium over the ounce spot price. The unit is the trading standard in global wholesale markets.
Pricing conventions. Because the ounce is the contract unit, it carries the tightest spread of any weight: retail premiums on a 1 oz coin typically run a few percent, while a 400 oz good-delivery bar trades near spot. Silver is bulkier per unit of value, so quotes in small traditional units are usually a conversion, while real trade happens in kilogram and 1 000 oz bars.
Good to know. The troy ounce is heavier than the everyday avoirdupois ounce (28.35 g) — a mix-up of roughly 10% that still catches out first-time buyers.
Silver price per Troy Ounce in MXN — quick conversion table
| Quantity | Grams | Troy ounces | Value (MXN) |
|---|---|---|---|
| 1 troy ounce | 31.104 g | 1.0000 oz t | — |
| 5 troy ounces | 155.518 g | 5.0000 oz t | — |
| 10 troy ounces | 311.035 g | 10.0000 oz t | — |
| 100 troy ounces | 3,110.35 g | 100.0001 oz t | — |
Values are calculated from the live XAG spot price converted into Mexican Peso and refresh with the price above.
Buying Silver in Mexico: 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 Mexican Peso. Physical buyers in Mexico pay that reference plus a premium, and local trading is concentrated around Mexico City and the Banco de México coin programme. Buyers there generally watch the Banco de México reference price and the peso-dollar rate as the day's reference.
Taxes and duties. Silver bullion is widely available because Mexico is the world's largest silver producer, but tax treatment varies by format and seller. 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 MXN can sit noticeably above the spot value of the same troy ounce of metal.
How people usually buy. The common routes in Mexico are Banco de México and commercial banks, Casa de Moneda distributors, coin dealers and online dealers. The products most often quoted locally include Centenario 50 pesos, Libertad gold and silver, 1 oz bars.
Local conventions. The 37.5 g Centenario and the Libertad series are the traditional local savings instruments, quoted in pesos per piece. 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 MXN quote.
Market information only, updated with live prices. Not tax or investment advice; tax rules in Mexico can change.
Other Precious Metals in MXN
Compare prices across different precious metals
About Silver Price in MXN
What is Silver?
Silver is a chemical element with symbol Ag and atomic number 47. It is a soft, white, lustrous transition metal with the highest electrical conductivity of any element.
History
Silver has been known since ancient times. It was one of the first five metals discovered by humans, along with gold, copper, lead, and iron.
Common Uses
Interesting Facts
- •Silver has the highest electrical conductivity of any element
- •Silver has antimicrobial properties
- •The word 'silver' appears in many languages as a root for 'money'
Silver Price Per Troy Ounce in Mexican Peso
The current silver price per troy ounce in Mexican Peso (MXN) is updated in real-time based on international market rates. Silver is traded globally and its price fluctuates based on supply and demand, economic conditions, and geopolitical factors.
When buying or selling silver in Mexico, it's important to understand that prices are typically quoted in troy ounces on international markets. Our converter helps you easily calculate the price in troy ounces, which may be more practical for local transactions.
The troy ounce is the standard unit for measuring precious metals. It equals approximately 31.1 grams. This unit is commonly used when trading silver in various markets around the world.
Silver Long-Term Returns vs Current MXN Price
How silver has performed over 1, 5, 10, and 20 years against today's spot price (USD/oz). Useful for Mexico investors tracking silver in MXN.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Silver price in MXN – FAQ
How much does one ounce of silver cost in MXN 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/MXN rate.
What is the current silver rate in Mexico today?
The current silver rate in Mexico 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 Mexican Peso.
How much is 1 troy ounce of silver in MXN?
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 MXN 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 MXN using the current exchange rate, then converting to the troy ounce weight unit (1 troy ounce = 31.1035 grams).
Do I pay tax or VAT when buying silver in Mexico?
Silver bullion is widely available because Mexico is the world's largest silver producer, but tax treatment varies by format and seller. Always confirm the current rule with the dealer, because the tax treatment changes the real cost per troy ounce more than small differences in the MXN spot quote.
Where do people usually buy silver in Mexico?
The usual routes are Banco de México and commercial banks, Casa de Moneda distributors, coin dealers, online dealers. Local trading is centred on Mexico City and the Banco de México coin programme, and the products most often quoted are Centenario 50 pesos, Libertad gold and silver, 1 oz bars.
Why is the shop price of silver higher than the spot price in MXN?
Retail prices add a dealer premium covering refining, minting, shipping, insurance and margin, plus any local tax. 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. Compare the asking price per troy ounce with the live spot value above, and check the dealer's buy-back spread.
Which price reference does the Mexico silver market follow?
Local buyers generally follow the Banco de México reference price and the peso-dollar rate, converted into Mexican Peso (MXN). The 37.5 g Centenario and the Libertad series are the traditional local savings instruments, quoted in pesos per piece.