Silver Prices: Live Spot Silver Price Per Ounce

Current Price of Silver
$16.85   -0.11   -0.65%

Apr 2, 2015, 5:38 AM EST

The current price of silver is $16.85 per troy ounce. This live silver spot price chart shows real time prices from 24-hour trading across New York, London and Asia.

Chart Loading

Loading Spot Silver Chart

Silver spot prices are active Sun 6 PM – Fri 5:15 PM EST, with a 45-minute break at 5:15 PM daily. Current silver prices reflect the mid-point between bid and ask.

Daily New York Close: Price of Silver Per Ounce

Here you will find the closing price of silver for the last 2-weeks. Closing spot prices are rounded to the penny and updated daily.
Daily Closing Silver Spot Price Chart.

Close Date Price / Ounce Dollar Change Percent Change
04-01-2015 $16.96 ▲ 0.30 +1.80%
03-31-2015 $16.66 ▼ 0.05 -0.30%
03-30-2015 $16.71 ▼ 0.25 -1.47%
03-27-2015 $16.96 ▼ 0.16 -0.93%
03-26-2015 $17.12 ▲ 0.14 +0.82%
03-25-2015 $16.98 ▲ 0.02 +0.12%
03-24-2015 $16.96 ▼ 0.04 -0.24%
03-23-2015 $17.00 ▲ 0.25 +1.49%
03-20-2015 $16.75 ▲ 0.61 +3.78%
03-19-2015 $16.14 ▲ 0.22 +1.38%

Closing silver prices are based on the New York silver close at 5:15 PM. This is the close used on Kitco silver charts. Each day’s gain or loss reflects the change over the prior day’s published silver close. View more historical silver prices.

Canadian Silver Maple Leaf

2015 1 Oz Canadian Silver Maple Leafs - Low as $2.09 Over Silver Spot Price

With radial lines & micro-engraved security, the Canadian Maple Leaf is priced lower & more pure (.9999 fine) than Silver Eagles (.999 fine). Maples are often preferred by astute buyers due to the Royal Canadian Mint's reputation for quality. These coins are available at Provident, a trusted precious metals powerhouse with the Best Pricing and Free Shipping on orders over $99.00. - View Prices

Why Silver Spot Prices Differ Between Sites

Spot silver pricing is fragmented and decentralized, with feeds comprised of quotes from different contributors (generally the big bullion banks). Additionally, since silver trades 24-hours with a one hour break for Forex and a 45 minute break for Globex trading, daily “closing” prices can be reported at different times (Forex, Comex Pit Trading, Globex Close, London Fix), in different time zones (EST, London, GMT, UTC). Complicating silver price charting further, Daylight Savings Time begins and ends at different times in different time zones. Sites may also choose to display either the Bid or Ask price quote, if not specified. This mix of variables, with no set standard, results in variations in reported spot silver pricing, whether live or historical.

Tracking the Current Price for an Ounce of Silver

Silver bullion buyers will find these spot charts useful when tracking the current price of silver or when timing incremental purchases. Spot prices are the underlying basis for pricing silver bullion products, which are typically quoted as a certain premium (dollar amount) above spot. It doesn’t matter how many ounces of silver are in the round, coin or bar being purchased. Physical silver bullion prices are then quoted at a premium “over spot,” which refers to the incremental amount you pay in addition to the spot price for silver.

The casual trader will find silver price charts useful for understanding global trends over a variety of time-frames. The primary chart can be set to display candlesticks from single ticks to monthly time-frames. Trend-lines for identifying areas of possible support and resistance update automatically on the alternative silver price trends chart. 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. Different interpretations of the charts are possible.

The live non-flash chart begins streaming at 6 PM and shows Forex silver prices (XAGUSD) with an array of technical indicators, custom parameters and drawing tools. Volume bars are also included. Silver prices are displayed in your your local time zone by default, but you can also switch to UTC time.

The 24-Hour Kitco 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.

Why We Use the New York Close for Daily Silver Price Performance

Are silver prices up or down today? While spot silver trades 24 hours, a fixed closing price is needed to report daily silver performance on any given day. 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.

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. This page provides closing New York silver prices, with gains and losses, for the past 5 days.

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:

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.

Alternate Currencies

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

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 the accuracy, nor the timeliness, of any data presented on this site. PMBull is not responsible for prices displayed and nothing on this site should be construed as a live quote for trading or investment purposes, nor as recommendations to buy or sell any investment. Please read our full Terms of Service, Privacy Policy and Disclaimer.

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