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Live Silver Spot Price
XAG/USD
$53.918
per troy ounce
+0.03% (24h)
Market: Closed • Freshness: Live
Historical silver spot price with multiple timeframes
Silver spot · USD
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Prices come from OilPriceAPI's free tier, GoldAPI, or historical daily closes depending on availability; the pill above shows this price's source. Historical data: EIA and FRED for oil; daily closes for gold and silver. Not suitable for trading. Always verify with a regulated broker or exchange.
Over half of silver demand comes from industrial uses including electronics, solar panels, and medical applications.
Silver serves as both a precious metal (store of value) and an industrial commodity, creating unique price dynamics.
Silver's smaller market size and industrial exposure make it more volatile than gold, with larger percentage moves.
The live silver spot price is quoted in US dollars per troy ounce. Prices update continuously during trading hours based on global market activity.
Silver has a smaller market and serves dual roles as both a precious metal and an industrial commodity. Industrial demand, particularly from solar panels and electronics, adds volatility.
XAG is the ISO 4217 currency code for one troy ounce of silver. XAG/USD represents the silver spot price in US dollars.
No. Dealers add premiums above spot for manufacturing, shipping, and profit. Silver premiums are often higher percentage-wise than gold due to lower unit values.
Silver responds to many of the same factors as gold (real yields, currency, risk sentiment) plus industrial demand from electronics, solar panels, and manufacturing.
The gold-to-silver ratio shows how many ounces of silver it takes to buy one ounce of gold. Historically it has averaged around 60-80:1, though it varies significantly.