Loading Spot Silver Price Chart
Tracking Today’s Current Price of Silver Per Oz Using Live Spot Charts
Silver bullion buyers will find these spot price charts useful for watching the current price for 1 ounce of silver. The charts can help when trying to time incremental silver purchases. Spot prices are the underlying basis for silver bullion pricing, which is set as a certain premium (dollar amount) over spot price per ounce. It doesn’t matter how many ounces of silver are in the round, coin or bar under consideration. This is why spot prices are frequently expressed as “silver price per ounce” while physical silver bullion prices are often expressed as the amount you pay above spot, known as the “premium over spot.”
The casual trader will find these silver charts useful for understanding global silver price trends over a variety of time-frames. The primary chart on on the “Silver Price” tab defaults to your local time zone. It can be set to display candlesticks in 1-minute to monthly candlesticks, 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 and different interpretations are possible.
The Mobile silver chart does not require Flash, allowing those using smart phones or tablets without Flash support to track spot prices. These charts are also useful for the casual trader. In addition to showing the spot price of silver per ounce, 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 the streaming charts in your local time zone, there is an option to switch from the default UTC. We’ve chosen not to make this our default chart due to the provider’s slightly more intrusive presentation.
Kitco 24-Hour spot 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 and their geographic locations along the bottom axis. They are quite useful for a very quick assessment of near-term spot silver price trends.
Daily Spot Silver Performance Based on New York Closing Prices
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 need 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 several days.
Silver’s Closing Prices:
|NY Spot Close||Price Per Ounce||Up / Down||Change||Percent|
|Mar 07, 2014||$20.89||▼||$0.55||2.57%|
|Mar 06, 2014||$21.44||▲||$0.28||1.32%|
|Mar 05, 2014||$21.16||▲||$0.02||0.09%|
|Mar 04, 2014||$21.14||▼||($0.27)||(1.26%)|
|Mar 03, 2014||$21.41||▲||$0.18||0.85%|
|Feb 28, 2014||$21.23||▼||($0.03)||(0.14%)|
|Feb 27, 2014||$21.26||▲||$0.04||0.19%|
|Feb 26, 2014||$21.22||▼||($0.67)||(3.06%)|
|Feb 25, 2014||$21.89||▼||($0.08)||(0.36%)|
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 in Silver Quotes
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:
So what is being referenced on the typical silver price or bullion dealer web site? Simple: “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.
Current Price of Silver in Common Currencies
Precious metals, including silver, trade like currencies. Price is only truly relevant to the buyer in his or her own currency. Many spot price charts on the web are based on Forex CFD trading, which are tightly correlated with actual exchange prices. Below, we have provided a table with the silver bid price per ounce in several common currencies.
If you are planning to buy silver, watch the prices on this page, then visit our silver bullion pages where the premium over spot is shown for popular one ounce silver bullion rounds, coins and bars from top online silver dealers.
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.
News items are generated by an automated feed. View More Gold and Silver News on PMBull
About PMBull Silver Price Data and News Feeds
News items are obtained through a Google News RSS Feed query on the keywords “Silver Trading Price.” All silver prices and charts on PMBull are obtained through various third parties. They are presented for informational purposes only. While we believe they reflect current, real time silver trading and are a reasonable representation of the price per ounce of silver, PMBull does not guarantee that accuracy, nor the timeliness of any data presented on this site.