Silver Price Chart

A silver spot price chart shows the cost to buy an asset at the current moment and the past prices of the metal over the previous time periods. It's essential for tracking the value of gold, silver, and platinum investments and deciding when to buy or sell. Sprott Money gives you accurate price quotes to help you manage your assets effectively.

Stay updated on current gold, silver, and platinum prices by using our intuitive charts. Customize the information to suit your needs and get specific daily price updates by hovering over the chart. With such charts, investors can see price trends. Various indicators can help define these price movements and show investors where the price of gold could go in the near future. The chart gives a visual of the price so that you can see whether it is going up (time to sell) or going down (time to buy at a good price). With insights into gold and silver spot prices over time, investors can make more informed buying and selling decisions. The long-term charts (6 months, 1 year, or more) can show how gold and silver spot prices increase over time.

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. Some prefer government-minted coins, while others choose bullion bars and rounds with lower premiums. For those who are just starting out or those who want to accumulate more coins, silver is a great option. Since the silver spot price chart follows the gold price chart in the long term, investors can still get the same price movements as gold without as much of an investment.

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.

Top Silver Producers

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.

Also, remember that silver is more volatile than gold, so knowing the price of silver today is equally important, if not more so. You can use silver spot price charts to see trends that let you know when the best time to buy or sell during a given day is. You can also rely on indicators and long-term charts to see whether the price is moving up or moving down over the weeks, months, or years. This information is essential if you plan to hold precious metals in your portfolio for the long term.

Silver is also a way to diversify within the precious metals market. Gold and silver spot price charts generally move together, but they can also diverge. Silver has more industrial uses than gold. It has something called "dual demand," which can drive the price even when the economy is strong and demand for precious metals as safe haven or hedges against inflation is low.

It can also be easier to adjust your portfolio with silver. Each individual silver coin is worth less than a comparably weighted gold coin. You can't divide a single gold coin without affecting its value, and selling one high-value coin or bar could unbalance your portfolio. However, you can sell or buy multiple silver coins and achieve the perfect balance for your portfolio.

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.