Silver Market

⚡ Live Spot

$82.9490/oz

XAG/USD (Spot) ℹ

gold-api.com · real-time

The benchmark international silver spot price in USD per troy oz. Drives pricing on all exchanges globally. A rising spot signals bullish demand or USD weakness.

$82.7620 / $82.8300

Bid / Ask ℹ

Swissquote · spread $0.0680

The tightest price a dealer will buy (bid) and sell (ask) silver. The spread indicates market liquidity — a tight spread means high liquidity and low transaction cost. Wide spreads signal thin markets or uncertainty.

$5086.50/oz

XAU/USD (Gold) ℹ

gold-api.com · real-time

Gold spot price. Key context for silver — the two metals are closely correlated. Gold often leads silver moves. Watch for divergence as a signal.

61.32

Gold / Silver Ratio ℹ

>80 = silver historically cheap

How many oz of silver to buy 1 oz of gold. Historically averages ~60. Above 80: silver is historically undervalued vs gold. Below 50: silver is expensive vs gold. A falling ratio is typical in late bull markets.

🀄 Shanghai / Asia

¥576.67/oz

XAG/CNY ℹ

≈ ¥18.5402/g (SGE unit)

Silver price in Chinese Yuan per troy oz. China is the world's largest silver consumer. CNY strength or weakness relative to USD affects Chinese buying power and demand.

¥18.5402/g

SGE AG(T+D) proxy ℹ

Spot x CNY rate · SGE direct blocked

Proxy for the Shanghai Gold Exchange AG(T+D) deferred spot contract — the world's most liquid physical silver contract. SGE premiums above international spot signal strong Chinese physical demand.

¥13,158/oz

XAG/JPY ℹ

Tokyo Commodity Exchange proxy

Silver in Japanese Yen. Japan's TOCOM is a key Asian market. A rising XAG/JPY reflects silver strength and/or Yen weakness. BoJ policy moves create significant XAG/JPY volatility.

€71.9020/oz

XAG/EUR ℹ

Silver in Euros. Relevant for European industrial buyers. EUR/USD moves can diverge from USD spot — European buyers may see different effective prices. ECB policy is a key driver.

🏛️ COMEX Futures

$82.7900/oz

SI=F Front Month ℹ

yfinance approx 15min delay

COMEX silver futures front-month (5,000 oz per contract). Primary global price-discovery mechanism. Backwardation (futures below spot) is a bullish signal of tight physical supply.

386.5M oz

COMEX Open Interest ℹ

77,302 contracts · 5,000 oz each

Total open COMEX silver futures contracts. Rising OI + rising price = new longs = bull signal. Rising OI + falling price = new shorts = bearish. High OI vs vault stocks can signal squeeze risk.

$82.73/oz

MEXC SILVER Futures

Real-time · USDT-margined

🏦 ETF Holdings

317.9M oz

SLV Silver Held ℹ

iShares · $46.2B AUM

Total silver held by iShares SLV — world's largest silver ETF. Rising holdings = institutional demand growing. Falling = investors exiting. Strong leading indicator of Western sentiment.

$74.27 / $76.28

SLV Price / NAV ℹ

Premium/discount to NAV

SLV price vs Net Asset Value per share. A premium signals buying pressure exceeding physical inflows — very strong demand. A discount signals selling pressure. Normally very tight.

110.0M shares

SLV Avg Daily Volume ℹ

3-month average

Average daily SLV volume. Spikes in volume confirm price moves. A breakout on high volume is more reliable than a low-volume move.

Spot: gold-api.com + Swissquote (real-time). Currencies: fawazahmed0 (daily). ETF/futures: Yahoo Finance (approx 15min). SGE/SHFE APIs geo-blocked; CNY rate used as proxy. Refreshed hourly.

🤖 Silver at $84.34 is testing its 52-week high of $84.98, with RSI at 35.4 oversold and MACD turning bullish despite price sitting below both the 20 and 50-day SMAs. Geopolitical noise and dollar uncertainty could push a breakout, but momentum remains fragile — watch for rejection near $85 before committing.

SLV $74.26 +0.15% RSI 35 SMA20 $74.58 SMA50 $76.02 MACD ▲ Bull 52w $72.05–$84.98 Au/Ag 61.3

Hover chart for OHLCV

⛏️ Annual Supply — Silver Institute 2023

820.8M oz

Mine Production ℹ

2023

Total silver mined globally in 2023. Mexico, Peru and China are top producers. Mine supply is inelastic — it takes years to open new mines. A shortage cannot be quickly fixed, making price spikes more extreme.

183.6M oz

Recycling ℹ

Silver recovered from industrial scrap, photography, and jewellery. Recycling increases when prices rise. Acts as a partial buffer but cannot replace mine supply shortfalls.

1,004.3M oz

Total Supply ℹ

Mine production + recycling + net hedging. Supply has grown slowly while demand has accelerated — the resulting structural deficit is a core long-term bullish argument for silver.

MX · PE · CN

Top Producers ℹ

Mexico · Peru · China

Mexico, Peru and China account for ~50% of global mine supply. Political instability or labour disputes in these countries can rapidly tighten supply and spike prices.

🏭 Annual Demand — Silver Institute 2023

654.4M oz

Industrial ℹ

EVs · solar · electronics

The largest demand category at 56% of total. Silver is irreplaceable in solar panels, EVs, 5G electronics, and medical devices. This demand is structural and growing — it does not retreat in bear markets.

243.0M oz

Physical Investment ℹ

Coins & bars

Retail and institutional demand for coins and bars. Surges during inflation fears, dollar weakness, or geopolitical crisis. US Mint and Royal Mint sell-outs are strong sentiment indicators.

182.0M oz

Jewellery ℹ

Mainly India and China. India is the world's largest silver jewellery market — INR/USD and Indian import duties directly impact this figure. Less price-sensitive than investment demand.

52.1M oz

Silverware ℹ

Traditional silverware demand. Relatively stable; primarily driven by India and China gifting and ceremonial use.

📊 Supply / Demand Balance — Silver Institute 2023

1,167.8M oz

Total Demand ℹ

2023

All demand categories combined. Demand has grown rapidly driven by industrial use, while supply has lagged — creating a structural deficit for three consecutive years.

−163.5M oz

Physical Deficit ℹ

3rd consecutive year

Total demand exceeds total supply by 163.5 Moz — above-ground stocks are being drawn down. Sustained deficits are structurally bullish: prices must eventually rise to ration demand or incentivise new supply.

~2,600M oz

Above-ground Stocks ℹ

Est. identifiable

Total estimated identifiable above-ground silver stocks (ETFs, COMEX vaults, institutional). At current deficit rates, stocks could tighten meaningfully within years — a key long-term price catalyst.

Structural Deficit

Implied Balance ℹ

Multi-year trend

The market has been in structural deficit since 2021. Unlike gold, silver lacks large central bank reserves to cushion shortfalls — making it more sensitive to supply shocks.

Annual data: Silver Institute World Silver Survey 2024 (2023 figures). Updated annually.

Zero HedgeTrump Team Brokers Gold Deal With Venezuela: Up To 1,000 Kg Headed To U.S. Markets

<span class="field field--name-title field--type-string field--label-hidden">Trump Team Brokers Gold Deal With Venezuela: Up To 1,000 Kg Headed To U.S. Markets</span> <div class="clearfix text-formatted fiel…

Mar 06 03:13

Resource WorldBullion Gold Plans a 25,000 M Drilling Program on Its Terragold Project

Bullion Gold Resources Corp. (TSXV: BGD) (“Bullion Gold” or the “Company”) is currently preparing an...…

Mar 05 18:30

Ahead of the HerdWhite Gold reports assays, announces critical minerals spin-out and multiple porphyry-style targets on Pedlar property – Richard Mills

<a href="https://aheadoftheherd.com/white-gold-reports-assays-announces-critical-minerals-spin-out-and-multiple-porphyry-style-targets-on-pedlar-property-richard-mills/"><img align="center" alt="White Gold reports assays…

Mar 05 17:27

Resource WorldIntrepid Metals closes acquisition of Cave Creek portion of Corral Copper Project, Arizona

Intrepid Metals Corp. [TSXV: INTR; OTCQB: IMTCF] has completed the exercise of the option to...…

Mar 05 15:20

Gold EagleHow Has War Impacted the Gold Price in the Modern Era?

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mike-maharrey">Mike Maharrey</a> - March 05, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><di…

Mar 05 05:00

Gold EagleThe War That Breaks the Dollar

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/peter-schiff">Peter Schiff</a> - March 05, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div…

Mar 05 05:00

Gold EagleCentral Bank Gold Buying Modest in January as New Players Enter the Market

Mar 05 05:00

Gold EagleGreat War in a Time of Economic Collapse

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/david-haggith">David Haggith</a> - March 05, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><di…

Mar 05 05:00

Resource WorldTajiri Extends Trench-16 at Yono Project and Intersects 32m @ 1.1g/t Gold Within 50m @ 0.7g/t Gold, Bordered by G Mining Ventures and G2 Goldfields in Guyana

Tajiri Resources Corp. (TSXV: TAJ) (“Tajiri” or the “Company”) is pleased to report it has...…

Mar 04 16:37

Resource WorldSSR Mining in deal to sell Turkish gold mine for US$1.5 billion

SSR Mining Inc. [SSRM-TSX, NASDAQ, SSRM-ASX] said is has entered into a binding memorandum of...…

Mar 04 15:35

Resource WorldAmericore Resources updates activities at Trinity Silver Project, Nevada

Americore Resources Corp. [TSXV: AMCO; FSE: 5GP; OTCQB: AMCOF] reported on activities at its 100%-owned...…

Mar 04 13:42

Silver SeekSeven Silver Investing Mistakes

<span>Seven Silver Investing Mistakes</span> <div class="text-long">New investors often arrive at silver during moments of heightened attention, interpreting volatility as validation of a narrative rather t…

Mar 04 13:15

Silver SeekSeven Silver Investing Mistakes

Mar 04 13:15

Gold EagleGold, War & A Key Zone To Buy

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/stewart-thomson">Stewart Thomson</a> - March 04, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"…

Mar 04 05:00

Gold EagleClash at Key Levels: Dollar Charges, Metals at the Edge

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/anna-radomska">Anna Radomska</a> - March 04, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><di…

Mar 04 05:00

Gold EagleGold & Silver Crash Again As Iran War Gets Ugly Quickly

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/chris-marcus">Chris Marcus</a> - March 04, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div…

Mar 04 05:00

Resource WorldKingfisher Metals raises $30 million for Golden Triangle exploration

Kingfisher Metals Corp. [KFR-TSXV, KGFMF-OTCQB-970-FSE] has raised $30 million from a bought deal private placement...…

Mar 03 17:11

Resource WorldMultiple High-Grade Gold and Silver Grab Samples Outline Expanded Mineralized Structure at Silver Cord

King Global Ventures Inc. (CSE: KING) (OTCQB: KGLDF) (FSE: 5LM1) (the “Company” or “King Global”)...…

Mar 03 16:22

Silver SeekSilver, Strategy, and a Structural Deficit

<span>Silver, Strategy, and a Structural Deficit</span> <div class="text-long">Charlie Garcia noted that 60 to 70% of the globally traded refined silver supply now requires Chinese permission to be exported…

Mar 03 13:23

Silver SeekSilver, Strategy, and a Structural Deficit

Mar 03 13:23

Silver SeekBP Silver Intersects Bonanza Grade Silver at the Cosuño Silver Project, a Tier-1 Silver Discovery?

<span>BP Silver Intersects Bonanza Grade Silver at the Cosuño Silver Project, a Tier-1 Silver Discovery?</span> <div class="text-long">BP Silver Intersects Bonanza Grade Silver at the Cosuño Silver Project…

Mar 03 10:24