What is the Price of Silver?

The price of Silver in the marketplace varies but can be bought and sold for instant delivery. Silver prices are rapidly changing, making it essential to stay updated on market conditions and events currently happening that can affect the buy and sell of gold.

The price of Silver is referred to today as the spot price of Silver. The price you pay for Silver today is usually at a premium.

As a result, Silver Bullion prices are adjusted by the world market that includes of buyers and sellers. Silver is best known for its precious metal. The price of Silver per ounce is always measured in Troy Ounces, which is a unit of measure used for weighing precious metals that dates back to the Middle Ages.

Bullion Express lists live, up to date Silver prices in real-time. See above for today’s current price of Silver.

Silver Spot Price FAQ

How is the spot silver price calculated?

Silver is a commodity that trades virtually 24 hours per day across many exchanges such as New York, Chicago, London, Zurich and Hong Kong. The most important exchange, however, when it comes to determining the spot silver price is COMEX. Due to this, the spot price of silver is calculated using the near term futures contract price. By near term, that may mean the front month contract or the nearest contract with the most volume.


How often do spot silver prices change?

The price of silver is constantly changing. The spot price of silver changes every few seconds during market hours. Between domestic and foreign exchanges, spot silver prices update Sunday through Friday, from 6PM EST to 5:15PM EST each day. As a result, spot prices remain static during that 45 minute down period from 5:15PM EST to 6PM EST each weekday, as well as from 5:15PM EST on Friday until 6PM EST on Sunday. Although silver and other markets may have periods in which they are very quiet, they also have periods in which prices change very rapidly.


What currency are spot silver prices quoted in?

The silver spot price is usually quoted in U.S. dollars (USD). However, markets all over the world can take the spot silver price in USD and simply convert it to local currency.


What exactly is the spot silver price referring to?

The spot silver price is quoting the price for 1 troy ounce of .999 fine silver.


Are spot silver prices the same all over the world?

Yes, the price of silver is the same all over the world. Exchanges and markets all over the world can take the current spot silver price in USD and convert the price in USD to local currency.


Why can’t I buy silver at the spot silver price?

Silver is sold by dealers with a premium to the current spot price. When one is looking to sell metals to a dealer, the dealer may offer spot or slightly below the spot price for one’s metals.  The dealer premium as it is often called represents the price at which a dealer will buy silver and the price at which a dealer will sell silver. As a result, the difference between the spread represents the dealer’s gross profit. This is how dealers make profits and stay in business.


What is the difference between bid and ask prices?

The bid price is the maximum offer available for a particular commodity at the present time. The ask price is the minimum asking price available for a particular commodity at the present time. More simply, if you want to buy, you will pay the ask price. If you want to sell, you will receive the bid price.

The difference between the two is referred to as the “bid-ask spread”, and often is a reliable indicator of an investment’s liquidity. The smaller the bid-ask spread is, the more liquid a commodity and the less “transaction fees” an investor will incur when getting into and out of investment positions.