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Silver

Silver Price Per Ounce Today

As of August 8, 2026, the silver price is $63.55 per troy ounce, down 0.03% over the past 24 hours. The price is quoted in US dollars per troy ounce and updates continuously as COMEX futures and over-the-counter markets trade. That works out to $2.04 per gram and $2,043 per kilogram.

The global silver benchmark: the price of silver per ounce today in US dollars, quoted as XAG/USD. Real-time spot and COMEX futures pricing, updated with live market data.

$63.55
-$0.02
-0.03%
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24h Change

-0.03%

24h Range

$63.54 to $63.58

Bid / Ask

$63.55

All-Time High

$121.62(Jan 29, 2026)

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Data Methodology

Where does this price data come from?
Silver spot prices are aggregated from trusted market data sources tracking the primary global exchanges, with automatic fallback for redundancy. Prices are updated in real-time during market hours, ensuring you always see the latest data. All prices reflect the latest available mid-market spot rate.
How is the silver spot price determined?
The silver spot price is derived from the most actively traded futures contracts on COMEX (CME Group) and the London Bullion Market Association (LBMA). The spot price represents the current market price for immediate delivery, calculated from near-month futures contracts adjusted for carry costs. During off-hours, prices reflect OTC (over-the-counter) trading across global markets, providing continuous 24-hour price discovery.
When are precious metals markets open?
COMEX futures trade Sunday through Friday, 6:00 PM to 5:00 PM ET (23 hours per day with a 1-hour break). The London Bullion Market (LBMA) operates Monday to Friday with two daily fixings: AM fix at 10:30 AM London time and PM fix at 3:00 PM London time. Outside of formal exchange hours, precious metals continue to trade on OTC markets globally, meaning prices can move 24 hours a day, 5 days a week. Our data reflects these continuous market movements.

Understanding the Silver Spot Price Per Ounce

The silver spot price per ounce is the current market rate for one troy ounce of .999 fine silver in US dollars, quoted internationally as XAG/USD. The troy ounce weighs 31.1035 grams and has been the standard unit for precious metals trading since the Middle Ages. It remains the basis for all major silver exchanges and benchmarks worldwide.

Silver pricing per troy ounce is set primarily on the COMEX exchange, operated by CME Group. COMEX silver futures contracts (ticker SI) represent 5,000 troy ounces each and serve as the global reference price for bullion dealers, mining companies, and industrial consumers. The micro silver futures contract (SIL), at 1,000 ounces, gives smaller traders direct exchange exposure at reduced capital requirements.

For physical silver buyers, the per-ounce price is most relevant when purchasing popular bullion coins: the American Silver Eagle (1 troy oz, .999 fine), the Canadian Silver Maple Leaf (1 troy oz, .9999 fine), the Austrian Silver Philharmonic, and the British Silver Britannia. These government-minted coins trade at a premium above the spot price per ounce, with premiums reflecting minting costs, dealer margins, and market demand.

During periods of tight physical supply, premiums expand significantly beyond their normal range.

The difference between spot price and retail price is essential for silver investors to understand. The spot price represents the wholesale, institutional market rate. The price paid by retail buyers includes a dealer premium covering manufacturing, distribution, and profit margin. Comparing premiums across dealers and product types helps investors minimize their cost basis per ounce of silver acquired.

Silver Price Per Ounce Chart

The silver price per ounce chart at the top of this page shows the silver price per ounce live, from intraday moves back through multi-decade history. Because COMEX in New York anchors global price discovery, the silver price per ounce today in the USA is the same benchmark rate quoted worldwide; only local premiums and taxes differ. If you are valuing a specific one-ounce coin, round, or bar rather than the raw spot quote, see our 1 oz silver price page for product-level pricing and premiums.

COMEX futures: SI contracts represent 5,000 troy ounces each
LBMA benchmark: The LBMA Silver Price is set once daily at noon London time
Physical premiums: Silver products carry a premium above spot for minting and distribution
Volatility: Silver moves 2-3x as much as gold on a percentage basis

Data provided by MetalCharts, a free precious metals tracking platform offering real-time prices, interactive charts, historical data, and portfolio tools for gold, silver, platinum, palladium, and copper. Prices sourced from major global exchanges including COMEX, LBMA, and LME, updated continuously during market hours.

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Frequently Asked Questions

What is the silver price per ounce today?
The silver price per ounce changes continuously during market hours as XAG/USD trades on COMEX and other exchanges. Check our live silver chart for the real-time spot price, updated throughout the trading day with bid, ask, and last-trade data.
How much is silver per ounce today?
The live chart above shows exactly how much silver is per ounce today, refreshed continuously during COMEX trading hours. Silver is quoted in US dollars per troy ounce (31.1035 grams). Physical coins and bars cost the per-ounce spot price plus a dealer premium that varies by product and market conditions.
How much is an ounce of silver?
An ounce of silver means one troy ounce, which weighs 31.1035 grams, about 10% more than a standard avoirdupois ounce. Its dollar value changes every minute while markets are open, so the live price at the top of this page is the authoritative figure. A one-ounce bullion coin sells for that spot value plus a minting and dealer premium.
What drives the silver spot price?
Silver is driven by industrial demand (electronics, solar panels, EVs), investment demand (ETFs, coins, bars), US dollar strength, interest rates, and mine supply. Its dual role as a precious and industrial metal makes it more volatile than gold, often moving 2-3x as much on a percentage basis.
How does silver compare to gold per ounce?
Silver trades at a fraction of the gold price. The gold-to-silver ratio (the number of silver ounces needed to buy one ounce of gold) historically averages around 50-60:1 but has ranged from under 20:1 in 1980 to over 120:1 in 2020. Investors use this ratio to gauge relative value between the two metals.
Where is silver traded?
Silver is primarily traded on COMEX (CME Group) via SI futures contracts of 5,000 troy ounces each. The LBMA in London sets a daily silver price benchmark. Silver also trades on the Shanghai Futures Exchange (SHFE) and the Multi Commodity Exchange of India (MCX), as well as through ETFs and over-the-counter dealer markets.