Silver Price Today in United States โ Live Silver Rates
Silver price today in United States: 1.84 USD per gram, updated 17:34 UTC.
Silver (Ag)
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Not available yetSilver Price by Weight Unit
Live spot pricing ยท pure .999 silver| Unit | Grams | Price (USD) |
|---|---|---|
| Common | ||
| Troy OunceUS, GB, CA, AU, DE, CH | 31.1035 | $57.13 |
| GramSA, AE, EG, TR, DE, FR, ES, IT | 1 | $1.84 |
| KilogramDE, CH, IN | 1,000 | $1,836.90 |
| TolaIN, PK, BD, NP | 11.6638 | $21.43 |
| Pennyweight (dwt)US, CA, GB | 1.5552 | $2.86 |
| Asian Units | ||
| BahtTH | 15.244 | $28.00 |
| Tael (HK)HK, MO | 37.429 | $68.75 |
| Tael (Japan)JP | 37.5 | $68.88 |
| Bhori / VoriBD | 11.6638 | $21.43 |
| Sovereign / Pavan (8 g)IN, LK | 8 | $14.70 |
| MashaIN, PK | 0.972 | $1.79 |
| Small Units | ||
| Carat (metric) | 0.2 | $0.37 |
| GrainUS, GB | 0.0648 | $0.12 |
| RattiIN, PK | 0.1215 | $0.22 |
About Silver
Guide, trends & regional insightsSilver Price Guide โ United States
Silver is precious metal and industrial commodity rolled into one. Roughly half of annual silver demand comes from electronics, solar panels, and EVs, with the remainder split between investment bars/coins and jewelry. That dual nature makes silver prices more volatile than gold โ and often more rewarding for patient holders.
United States
The American Silver Eagle is the most widely sold 1 oz silver coin in the world.
How the silver price is set
Silver (symbol XAG) is quoted in US dollars per troy ounce on the LBMA and COMEX, like gold. The price you see here is converted to USD and normalized to per-gram, per-ounce, and per-tola rates. At $57.13 per troy ounce, silver costs $1.84 per gram and $21.43 per tola of .999 fine silver today.
Silver weight units
Silver, like gold, is quoted per troy ounce (31.1035 g) internationally. Bullion coins (American Silver Eagle, Canadian Maple, Britannia) come in 1 oz denominations. Bars run from 1 oz up to 1000 oz (31.1 kg) for institutional-grade deliveries. Retail retail markets in the Middle East and South Asia use gram and tola pricing respectively.
How to calculate silver jewelry value
Sterling silver is the most common jewelry alloy. Here's how to find the metal value of any piece.
- Find the purity mark. .925 or "Sterling" is 92.5% pure silver. .999 is investment grade. .800 is older European, .950 is Britannia silver.
- Weigh the item in grams.
- Multiply weight ร purity fineness ร current spot price per gram: today that's weight ร 0.925 ร $1.84 for sterling.
- A scrap buyer typically pays 70โ85% of this intrinsic value after deducting refining cost.
What drives silver prices
Because industrial demand accounts for half of annual use, silver prices track both precious-metal sentiment (like gold) and the global manufacturing cycle. When solar panel installations surge or electronics demand spikes, silver rallies on industrial strength. When recessions hit, industrial demand contracts and silver can fall harder than gold. The gold-to-silver ratio (currently around 75โ85:1 vs. a historical average of 60:1) is a common rotation signal for commodity traders.
Silver buying guide
For investors, 1 oz sovereign coins and 10 oz or 100 oz bars offer the best balance of liquidity and low premium. Silver carries a higher premium-to-spot ratio than gold (often 8โ15% for retail coins) because of its low per-ounce value relative to handling costs. Be aware of VAT treatment: most of the EU charges VAT on silver (unlike investment gold), so buyers often store in VAT-free vaults in Switzerland or Singapore to avoid the tax hit. Sterling silver jewelry remains popular for its affordability and tarnish-resistant alloy.
Over the past 7 days, Silver has fallen 4.59% in USD, moving from $59.90 to $57.15. Over the last 30 days it is down 9.37%.
Frequently Asked Questions
- Why is silver more volatile than gold?
- Silver has a much smaller total market value and roughly half of annual demand comes from industrial use (solar panels, electronics, EVs), unlike gold which is mostly monetary. Industrial demand swings with the economic cycle, amplifying silver's price moves โ silver typically rises further than gold in bull markets and falls further in bear markets.
- What is the gold-to-silver ratio and why does it matter?
- The gold-to-silver ratio is simply the price of one troy ounce of gold divided by the price of one troy ounce of silver. The historical average is 60:1 and it has ranged from 30:1 to over 100:1 in the modern era. Traders watch this ratio to rotate between the two metals โ a high ratio suggests silver is undervalued relative to gold.
- What purity is investment silver?
- Investment-grade silver bars and coins are .999 or .9999 fine (99.9% or 99.99% pure). Sterling silver jewelry is .925 (92.5% pure, with 7.5% copper for hardness). Always check the hallmark before calculating melt value.
- How do I calculate my sterling silver jewelry value?
- Weight in grams ร 0.925 ร current spot price per gram = intrinsic metal value. For example, 100g of sterling at $1.84 per gram is 100 ร 0.925 ร $1.84. Scrap dealers typically pay 70โ85% of this for refining.
- How is the silver price determined?
- The silver spot price (XAG) is set by global commodity markets โ primarily the London Bullion Market (LBMA), COMEX in New York, and the Shanghai Gold Exchange. Prices are quoted in US dollars per troy ounce and update continuously during market hours. We convert the live USD quote to your local currency and weight unit in real time.
- Why is the silver price different at my local shop?
- Local retailers add a premium over the spot price to cover refining, fabrication, shipping, dealer margin, and VAT or sales tax. Expect 2โ8% markup on bullion coins and bars, and 10โ30% on jewelry (the extra covers design and labour). Our prices are the unadjusted global spot, which is the raw material cost before any premium.
- How often do your silver prices update?
- Our XAG quotes stream live and refresh automatically every 10 seconds during market hours, sourced from Gold-API, a specialist precious-metals data provider that tracks the global OTC spot price. Historical charts use daily London PM fix values for consistency with financial reporting standards.
- Can I use these prices to calculate resale value?
- The spot price is the starting point, but a dealer will typically offer 92โ98% of spot for investment-grade bars and coins, and 60โ85% of the melt value for scrap jewelry (after deducting for purity and weight loss during refining). Always check two or three dealers before selling.
Spot, Bid & Ask
Live spread calculatorBid / Ask Spread
$57.15
$1.8373
$21.43
$57.0071
$1.8327
$21.3764
$57.2929
$1.8419
$21.4836
Spread %
Labour Cost
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Weekly & Monthly Performance
How the price has moved over recent periodsHistorical Performance
| Date | Price / oz | Change |
|---|---|---|
Thu, Oct 15 | $57.15 | -3.84% |
Wed, Oct 14 | $55.87 | -7.93% |
Tue, Oct 13 | $59.10 | -3.78% |
Mon, Oct 12 | $60.38 | -1.23% |
Sun, Oct 11 Closed | โ | โ |
Sat, Oct 10 Closed | โ | โ |
Fri, Oct 9 | $60.95 | +0.72% |
Thu, Oct 8 | $59.69 | -2.74% |
Wed, Oct 7 | $59.93 | -2.77% |
Tue, Oct 6 | $61.46 | -0.85% |
Mon, Oct 5 | $61.04 | +0.27% |
Sun, Oct 4 Closed | โ | โ |
Sat, Oct 3 Closed | โ | โ |
Fri, Oct 2 | $60.52 | -1.48% |