The current silver spot price is $19.65 Per Ounce as of Apr 19, 2014, 6:17 PM EST. Spot prices are derived from multiple feeds that reflect 24-hour silver trading around the world. These live charts show today’s price of silver per ounce in real-time.
|Current Silver Per Ounce - USD Bid Price|
$19.65 0.00 0.00%
Apr 19, 2014, 18:17 EST
|Closing Price||Per Ounce||Up / Down||Change||% Move|
Loading Spot Silver Price Chart
Live Spot Charts for Tracking the Current Price of Silver
Silver bullion buyers will find these spot charts useful when checking the price for an ounce of silver or for timing incremental silver purchases. Spot prices are the underlying basis for silver bullion pricing, which is set as a certain premium (dollar amount) over spot. It doesn’t matter how many ounces of silver are in the round, coin or bar under consideration. This is why the price of silver per ounce is frequently expressed as the “silver spot price,” while physical silver bullion prices are expressed as the amount you pay above spot, or the “premium over spot.”The casual trader will find these silver charts useful for understanding global trends over a variety of time-frames. The primary chart can be set to display candlesticks in 1-minute to monthly time-frames, or even individual ticks. Trend-lines for identifying areas of possible support and resistance update automatically. You should only use the trend-lines to develop ideas about the potential direction for silver prices because they shift as price moves. These trend-lines are based on highs and lows, off fixed calculations, so different interpretations are possible.
If you are lacking Flash or are on a mobile device or smmart phone, the Mobile Silver Chart will allow work for you. In addition to showing live silver prices, they include an array of technical indicators, custom parameters and drawing tools. If you are seeking silver price charts with volume bars for instance, the non-flash version can be used. To view the charts in your local time zone, there is an option to switch from UTC, which is the default. We’ve chosen not to make this our default chart due to the provider’s slightly more intrusive presentation.
The Kitco 24-Hour Silver Charts are another option in the sub-menu. These popular and unique charts reflect 3-days of spot silver price trends superimposed over a 24-hour period. This chart includes trading times for various exchanges around the world on the bottom axis. They are quite useful for a very quick assessment of near-term silver spot price trends.
Silver News and Opinion
Here we provide select items relevant to silver investors and traders from the Blogosphere. The opinion pieces and hand-picked articles are things found to be enlightening, important or interesting. They frequently contain silver price predictions from important voices in silver investing.
- Feeling Greedy? Charts Showing Possible $70 Surge in Silver Coming - King World News Thur, Apr 10, 2014
- Large Drop in COMEX & Shanghai Silver Inventories - SRSrocco Report Thur, Apr 10, 2014
- Richard Russell: Silver is the Greatest Buy in the World Today - King World News Wed, Mar 19, 2014
News items are generated by an automated feed. View More Gold and Silver News on PMBull
Daily Performance Based on New York Close
Are silver prices up or down today? While spot silver trades 24 hours, a fixed closing price is needed to report whether silver is up or down. Likewise, a fixed close is needed to report whether silver’s price per ounce rose or fell yesterday. The 45 minute break in New York Globex silver trading at 5:15 PM EST is a convenient point for establishing a daily closing price. In our opinion, this is the most ideal choice for tracking silver’s price per ounce because of its proximity to the U.S. Equity market close. It is also near the end of the U.S. work day. Here are the closing New York silver prices with gains and losses for the past 10 days. Other options for a daily closing silver price include the end of floor trading on COMEX at 1:30 PM EST each day, or the London AM or PM Fix. For the reasons stated above, PMBull chooses to use the end of Access Market trading on Globex each day for calculating daily silver price performance.
The Difference Between Ounce and Troy Ounce
It should be noted that gold and silver prices quoted as “per ounce” are generally referring to troy ounces. There is a meaningful difference between the two and many sites, this one included, do not state that difference frequently enough. Here is the basic difference in a nutshell:
|Standard Ounce (oz)||Troy Ounce (ozt)|
|28.3495231 Grams of Silver||31.1034768 Grams of Silver|
|437.5 Grains of Silver||480.0 Grains of Silver|
So what is being referenced on the typical silver web site? “Price Per Ounce” with respect to silver bullion is typically a short-hand version for referencing “Price Per Troy Ounce.” Dig deeper and you will find that some dealers, like Provident, make it more explicitly clear by abbreviating “Troy Ounce” as “Ozt” in the specifications for various silver coins, bars and rounds. For more information on the difference, see the popular CoinTrackers Website where you can also find pricing on silver junk coins, melt value calculators, numismatic coins and other interesting tidbits. The valuable coin listings are nice and the calculators are quite helpful.
Precious metals, including silver, trade like currencies. Price is only truly relevant to the buyer in his or her own currency. This site displays silver prices in U.S. Dollars. Those referencing PMBull who must transact in something other than the U.S. dollar will need to convert the dollar price of silver into their own currency using a currency calculator. Google makes currency conversion easy to do. If you need something a little more robust, try the currency converter at XE.com.
About PMBull Silver Price Data and News Feeds
PMBull’s prior close table and silver-trend charts use rounded 5:15 PM EST New York closing prices for calculating percentage gains and losses. Silver spot price gains and losses reset to zero at that time. The live silver chart uses Midnight GMT as its closing period, so its calculated percentage gains or losses will be different, due to the different measurement period (midnight GMT). Despite this, the Live Silver Price charts should display your local time by default. If you use the Non-Flash / Technical silver chart, it will display the GMT time-zone by default, but you may change this to your local time-zone in the settings menu. The 5-Day Silver Spot Price chart is a static image that is periodically updated, at least once per day, as conditions warrant.