Silver Ounce / United States Dollar

The current Silver Ounce price is 61.444 per ounce, +0.651 (+1.07%) on the day. The price on this page updates live as the market moves.

A gram of Silver Ounce costs 1.975 today, and a kilogram costs 1,975.46. One troy ounce is 31.1034768 grams, so the gram price is the ounce price divided by that. The converter above does any amount, in any currency.

Today Silver Ounce has traded between 60.282 and 61.517 per ounce.

The bid is 61.448 and the ask is 61.464, a spread of 0.016. You buy at the ask and sell at the bid, so the spread is what opening a position costs you before the market moves at all.

Silver Ounce has moved +31.28% over the last twelve months.

The dollar and US interest rates first: Silver Ounce is priced in dollars, so a stronger dollar usually pushes it down and rate cuts usually lift it. After that, safe-haven demand in periods of geopolitical or financial stress, central bank buying, and industrial demand.

This is the global spot price of the raw metal. A local price adds the exchange rate, fabrication cost, tax and the dealer margin on top, so it is always higher — and the gap widens with craftsmanship.

Silver Ounce trades nearly around the clock, from Sunday evening to Friday evening, closing only over the weekend. Liquidity is deepest when London and New York overlap, which is also when the sharpest moves tend to happen.

The gold to silver ratio is 68.0 — one ounce of gold buys that many ounces of silver. Traders watch it as a relative-value gauge: historically high readings have tended to favour silver, low readings gold.

Three ways, and they are not the same thing. Physical metal, which you own and store but pay a fabrication premium on. An ETF, which tracks the price without the storage. Or a CFD, which trades the price movement with leverage — cheapest to enter, and the only one where you can lose more than you intended if the position is not managed.

Sterling is 92.5% pure, so a gram is 1.827 against 1.975 for the pure metal. Jewellery is almost always 925 rather than pure silver, which is too soft to work with.

The industry standard bar is 1,000 troy ounces — about 31 kilograms — worth 61,443.70 at the current price. Retail bars are usually one kilogram, currently 1,975.46.

Silver is a much smaller market and roughly half its demand is industrial — solar panels, electronics, batteries — so it reacts to both the safe-haven trade and the economic cycle. That combination makes it move further than gold in both directions.