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Silver Prices Today – Live Silver Spot Price Chart – History

Silver Prices Today - Live Silver Spot Price Chart - History

Silver Prices

Below are live silver spot prices vanaf troy ounce, gram, and kilogram. You can also see 24-hour trends for each weight. Please scroll down for a utter, interactive silver price chart, and view our popular silver bullion products.

On our silver pricing pagina, you’ll see both historical and live silver prices and an interactive chart which lets you ass-plug te a custom-built date range. (This way you can look at silver pricing movements te any date range you’d like.) If you look above, you’ll also see price charts for the past month, the past Three months, the past 6 months, the past year and all the way back to our begin te 1973!

Spot Silver

Silver’s Spot Price — What Is It, and Why Does It Matter?

Silver price is calculated using a unit known spil the troy ounce. It’s bot the standard unit for weighing precious metals since at least the 1800s ter the United States, the troy ounce has bot used much longer elsewhere ter the world.

The spot price is the result of many different factors affecting supply and request for silver: the economy, latest events te the world, the supply and request for paper currencies, plus many other different factors. Silver dealers use this spot price spil a reference when calculating what to charge for physical silver metal, such spil caf, rounds, and bullion coins.

All the product pricing on our webstek is based on a certain premium to the spot price. That’s why you’ll see pricing update every few seconds when the market is open. This way, our customers make their investments ter market conditions which are spil up-to-date spil possible.

Using Silver for Investment

Many investors have embarked paying attention to silver because of the way silver prices have gone up overheen the last decade. To some people, silver is a way of protecting themselves against devaluation ter the dollar, and stock market ups and downs. To other investors, silver is a valuable medium of exchange to use for trade and barter during an economic collapse.

You can purchase silver for investment purposes ter a number of different forms, including silver bullion and paper silver. The most common forms of physical silver bullion are coins, rounds, and kroegen — there are a number of size options for each form. Some investors choose government minted coins, spil they are lighter to sell, while others choose the lower premiums they pay on bullion kroegen or rounds. No matter which you choose, you have a yam-sized array of options available for this investment voertuig.

“Paper silver” is another way of investing te the metal, it takes the form of certificates and ETFs. Thesis options differ from physical metal because the holder never has a chance to hold the silver itself. A certificate or ETF is simply a lump of paper which says that a financial institution or canap is holding a given amount of silver on your behalf — you never see the silver.

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Frequently Asked Questions About Silver Pricing

Silver spot prices update every few seconds while the market is open. Since this applies to both foreign and domestic exchanges, the spot price of silver updates Sunday to Friday, 6pm EST until Five:15pm EST every day. The spot price stays static during the 45 minute “quiet period” from Five:15 until 6pm EST on weekdays and from Five:15pm EST Friday until 6PM EST Sunday.

What determines the price of silver?

There are dozens of different economic factors which affect the price of silver. everything from rente rates, market indexes like the DJIA, macro-economic trends, foreign relations, fiscal and monetary policy, and much more. To get the most up to date news on the silver market, look at our regular market updates.

What are Bid and Ask prices, and what’s the difference?

The “Bid” price is simply the highest suggest presently available for a given commodity right now. The “Ask” price is the lowest asking price presently available for that same commodity.

To simplify, if you want to buy silver, you’ll pay the “Ask” price. If you’re looking to sell, you’ll get the “Bid” price.

The gap inbetween the Bid and the Ask prices is known spil the “spread,” and it can be a reliable indicator of the market’s liquidity. The smaller the “spread” inbetween the Bid and the Ask, the more liquid that commodity is and the less you will pay to get into and out of a silver position.

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What is a silver futures contract?

A silver futures contract is simply an agreement inbetween a buyer and a seller, te which the buyer agrees to purchase a certain quantity of silver from that seller, at a certain price, on a certain date ter the future.

For example a buyer might agree to buy 5000 troy oz of silver, at a price of $20 vanaf troy ounce, on a date two months from now.

If the price of silver goes down $Two vanaf troy ounce ter those two months, the seller profits $Ten,000 — they will be able to purchase $90,000 worth of silver on the open market, and then sell it (spil agreed te the futures contract) for $100,000.

However if the price of silver goes up by $Two, then the buyer makes $Ten,000 profit, because he or she wasgoed now able to buy $110,000 te silver for just $100,000.

A futures contract also permits a bullion dealer to “hedge” their operation against fluctuations ter the price. They can electronically buy or sell metal ter the future and thereby offset their own physical silver inventory positions. Spil the spot price goes up and down, the gains and losses te physical frente a futures positions offset each other and ensure that the spot price’s movements don’t affect the dealer’s company.

Buying and selling of futures contracts happens on many different exchanges around the world, of which the best known are the COMEX and the NYMEX.

COMEX is the main exchange for trading silver and gold futures contracts. A standard gold contract is for 100 troy oz worth of gold, while a standard silver contract is for 5000 troy oz of silver.

NYMEX is the main exchange for trading palladium and platinum futures contracts. A standard palladium contract is for 100 troy oz worth of palladium, whereas a standard platinum contract is for 50 troy oz worth of platinum.

What’s the silver London Fix?

The silver London Fix is a price which is set merienda each weekday, at 12:00 GMT, by the London Silver Fixing Company. The London Fix is determined by certain specific LBMA market makers, which include representatives from major banks like HSBC, Deutsche Bankgebouw, and Scotiabank.

Is there a tax on physical silver?

Certain states te the US have a sales tax on silver coins and bullion, yes. Depending on where you’re located, and where you buy your silver, you may need to pay use or sales tax on the metals. For information on particular states, see our nave buying guide.

How many grams are there te a troy ounce?

Spil mentioned earlier, silver is weighed ter troy ounces. One troy ounce is omschrijving to approximately 31.1034768 grams, which ter turn is somewhat more than the 28 grams vanaf standard ounce.

How many troy ounces te a kilogram?

A kilogram of silver contains about 32.151 troy oz.

When people talk about the gold-silver ratio, they mean the relationship inbetween the spot price of silver and the spot price of gold. To determine this ratio, take gold spil the motionless variable and determine the relative value of silver to gold.

Many investors witness the cycles and movements ter the gold-silver ratio to see if gold or silver have become undervalued relative to each other.

Should I buy physical silver, or silver mining stocks?

This depends on your private investing preferences. Some investors choose having physical ownership of silver, while others choose wielding silver mining stocks or “paper” silver. There are pros and cons to both options — you can find more information here.

Where do I buy physical silver?

Here, of course. Wij have a very broad array of high quality physical silver products, at some of the industry’s lowest prices.

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How much money vereiste I have te order to buy silver?

You can get began buying silver with just $100, which is our ondergrens purchase. Wij have many 1oz and fractional ounce silver products with prices beginning spil low spil $Three each. This is one reason many investors choose holding silver overheen gold — you can begin investing without a fat amount of money.

Can I hold silver spil part of my IRA?

Sure. Wij have relationships with many IRA custodians that provide physical metal-friendly self-directed IRAs. This way you can buy physical silver bullion and receive the tax benefits of an IRA on your investment. See our pagina on bullion IRA investing for more.

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3 thoughts on “Silver Prices Today – Live Silver Spot Price Chart – History

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