About the Silver Spot Price
The silver price today (XAG/USD) represents the cost of one troy ounce of .999 fine silver in US dollars. Like gold, silver is traded around the clock on global commodity exchanges including COMEX, the London Bullion Market, and the Shanghai Gold Exchange. The spot price shown above is updated every 60 seconds during market hours.
Silver is unique among precious metals because it has significant industrial demand — approximately 50% of annual silver consumption goes to industrial applications, including solar panels, electronics, medical devices, and electric vehicles. This dual role as both an industrial metal and a monetary asset means silver prices can be more volatile than gold, often amplifying gold's moves in both directions.
The Gold/Silver Ratio
The gold/silver ratio tells you how many ounces of silver it takes to buy one ounce of gold. Historically, this ratio has averaged around 60:1. When the ratio is high (above 80), silver is considered relatively cheap compared to gold. When it's low (below 50), silver is considered relatively expensive. Many precious metals investors use this ratio to decide when to rotate between the two metals.
For gold pricing, see the live gold price, gold per ounce, or gold per gram. For long-term analysis, check the gold price history.