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Spot Silver Prices Chart | Real-Time Silver Price Updates

Silver Price Chart

Customer using computer to calculate price when buying precious metals from Sprott Money

Keep yourself informed about the latest silver price fluctuations through our user-friendly charts, showcasing up-to-the-minute and past silver prices. Tailor the data according to your preferences and obtain detailed daily price details by simply hovering over the chart.

Silver Price History or How It All Started

Since the 21st Century began, silver prices have risen, attracting many investors. People turn to precious metals like silver to protect themselves against currency devaluation and stock market volatility. Some investors, known as "preppers," believe silver will be crucial for trade during an economic collapse.

Investors have various options for silver investments, such as paper silver and silver bullion. Physical silver bullion comes in the form of coins, rounds, and bars, with different sizes available. Government minted coins are preferred by some, while others choose bullion bars and rounds with lower premiums. There is a wide range of choices in this investment category.Find out more here:

Apart from physical bullion, "paper silver" options include ETFs (Exchange-Traded Funds) and certificates. These alternatives differ from physical silver as they don't provide direct ownership of the metal. Instead, a silver ETF or certificate represents a document indicating that a bank or financial institution holds a specified amount of silver on the investor's behalf, without physical possession of the silver. Browse our collection of silver bars and silver coins today.

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Price of Silver Today

The term "spot price" refers to the immediate exchange and delivery price of a metal, including silver. It represents the current trading price of silver. Spot prices are commonly used in the silver, gold, crude oil, and other commodity markets. The price of silver is continuously monitored by banks, financial institutions, dealers, and retail investors as it constantly evolves.

On our website, all products are priced with a premium added to the spot price. As a result, you will observe that prices are regularly updated during market hours, sometimes even changing every few seconds. This ensures that customers can make investment decisions based on the most recent market conditions available.

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Best Price Guarantee

We'll gladly match any lower price for the same product or service from our competitors. Our goal is to ensure you receive the best value for your investment, and we'll go the extra mile to make it happen.

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Spot Silver Price FAQ

Q: How is the spot silver price calculated?

Silver, being a widely traded commodity, is actively traded across multiple exchanges worldwide, including New York, Chicago, London, Zurich, and Hong Kong. Among these exchanges, COMEX holds significant importance in determining the spot price of silver. The spot price is derived from the price of the near term futures contract, which refers to either the front month contract or the nearest contract with the highest trading volume.

Q: What are silver futures contracts?

Silver futures contracts are agreements that allow buyers and sellers to agree on purchasing a set amount of silver at a predetermined price and date. This helps manage price fluctuations and enables bullion dealers to hedge their physical silver positions. These contracts are traded on exchanges like COMEX and NYMEX.

Q: Why is currency so volatile?

Currency, such as the US dollar, is volatile due to unpredictable market movements and factors like inflation and hyperinflation. Investors turn to silver as an outlet to protect their investments from currency fluctuations.

Q: Is physical silver taxed?

Sales tax on silver bullion products varies by state in the USA. Depending on your location and where you buy silver, you may be responsible for paying sales or use tax on your purchase. Contact us at 1.888.861.0775 or book a free consultation and make sure you have all the information.