The silver spot price is the current market price for one troy ounce of pure silver (.999 fine) for immediate delivery. Today's silver spot price is around $30–35 per troy oz. It fluctuates continuously during trading hours based on supply and demand in global futures markets.

The silver spot price is determined by the COMEX futures exchange (part of the CME Group), which sets the global benchmark. It reflects real-time trading of silver futures contracts. The London Bullion Market Association (LBMA) also publishes twice-daily benchmark prices used by miners, refiners, and large institutions.

The spot price is the raw commodity price. The premium is the markup dealers charge above spot — covering manufacturing, distribution, dealer profit, and demand. A 1 oz silver bar typically trades at $2–4 over spot. Numismatic (collectible) coins can carry much higher premiums unrelated to spot.

A troy ounce (oz t) is the standard unit of weight for precious metals. One troy ounce = 31.1035 grams. It is slightly heavier than a standard (avoirdupois) ounce of 28.35 grams. All silver, gold, platinum, and palladium prices are quoted per troy ounce.

Silver tends to underperform during periods of rising interest rates and a strong US dollar. Historically, silver has performed best during periods of high inflation, dollar weakness, and industrial demand spikes (solar panels, EVs, electronics). However, timing the market is difficult — dollar-cost averaging (buying regular fixed amounts) reduces risk. Today's price is around $30–35/oz.

The gold-to-silver ratio measures how many ounces of silver it takes to buy one ounce of gold. Historically, this ratio averages around 60–80x. When the ratio is high (80+), silver is considered undervalued relative to gold. The current ratio is shown in our live market data above.

Silver prices are driven by: (1) Industrial demand — over 50% of silver demand is industrial (solar panels, electronics, EVs), (2) Investment demand — coins, bars, ETFs, (3) US dollar strength — silver is dollar-denominated, (4) Interest rates — higher rates increase the opportunity cost of holding silver, (5) Mining supply — supply deficits tighten markets, (6) Macro sentiment — inflation fears, geopolitical risk.

Prices on this page are updated once per weekday at market open (approximately 8:00 AM ET). We use GoldAPI.io for pricing data. The timestamp displayed shows when the data was last fetched. For real-time (second-by-second) prices, use your broker's platform. For daily buying decisions, our data is sufficient — the spread dealers charge is far larger than intraday moves.

Most financial advisors suggest 5–10% of a portfolio in precious metals as a hedge against inflation and currency risk. The allocation between gold and silver is personal preference — silver has higher volatility and more industrial exposure. Physical silver (bars, coins) vs. paper silver (ETFs, futures) is another key decision. Physical silver provides direct ownership without counterparty risk.

The lowest premiums on 1 oz silver bars are typically found at APMEX, SD Bullion, JM Bullion, and BOLD Precious Metals. Online dealers consistently beat local coin shops on price. We track and compare premiums daily — see our Best 1 oz Silver Bars guide for current rankings.

It depends on your state. Many states exempt precious metals from sales tax — including Texas, Florida, Pennsylvania, Colorado, and others. Some states (like California) apply sales tax on purchases under a threshold. Buying online from an out-of-state dealer can often avoid state sales tax if your state does not require it.

One troy ounce = 31.1035 grams. Use our price converter above to see the current price per gram or per kilogram. At today's spot of around $30–35/oz, that's approximately $1.00/gram or $—/kilo.