Silver Spot Price
The current silver spot price, per troy ounce:
The numbers that follow the word “Silver” indicate the immediate spot price, then the starting price today, then the high and low prices today, and then the change in price today, from base, as a dollar amount then as a percentage, respectively.
Silver spot price is the current silver price on the commodity market. This is the price if one were to buy and pay immediately, and this price fluctuates during the day as active trading happens.
When actively trading silver it is imperative that you know the spot prices throughout the day. Active traders can view the price here, as well as see a history of the price for 24 hours and longer at our silver charts page.
Buying silver for a store of value, it is still important to know the current spot price because you want to be sure to pay as little premium as possible (premium is the cost you pay, above the actual value of the metal in the bullion, coin, or bar that you intend to buy).
To calculate premium above spot price as a percentage, use this method:
- If necessary, calculate the weight of the silver into troy ounces (this only need be done if one is buying in grams or pounds, rather than ounces).
- Multiply the number of ounces to be purchased by the current spot price shown on this page.
- Record this number as the spot value of the silver being purchased.
- Subtract this spot value from the same price, the difference is the premium.
- Divide the premium amount by the spot value, and that quotient is the percentage, over spot, that the premium represents. (This number will be less than 1, e.g. “.155” is fifteen point five percent, written as 15.5%)
- (You can multiply that quotient by 100, and the product is an easier to read percentage that can be read as a simple percentage, e.g. 15.5 is fifteen point five percent, written as 15.5%)
Buy silver as close to spot price (or below spot if one is very lucky) as possible. The lower the premium paid, the more metal can be purchased per dollar.