šŸ„ˆ Silver Market Dashboard

Updated 2026-09-14 09:00 UTC
āš” Live Markets
šŸ“ˆ Chart & Analysis
šŸ“Š Historical
šŸ“° News
āš” Live Spot
$63.3600/oz
XAG/USD (Spot) ā„¹
gold-api.com Ā· real-time
The benchmark international silver spot price in USD per troy oz. Drives pricing on all exchanges globally. A rising spot signals bullish demand or USD weakness.
$63.1965 / $63.2415
Bid / Ask ā„¹
Swissquote Ā· spread $0.0450
The tightest price a dealer will buy (bid) and sell (ask) silver. The spread indicates market liquidity ā€” a tight spread means high liquidity and low transaction cost. Wide spreads signal thin markets or uncertainty.
$4307.00/oz
XAU/USD (Gold) ā„¹
gold-api.com Ā· real-time
Gold spot price. Key context for silver ā€” the two metals are closely correlated. Gold often leads silver moves. Watch for divergence as a signal.
67.98
Gold / Silver Ratio ā„¹
>80 = silver historically cheap
How many oz of silver to buy 1 oz of gold. Historically averages ~60. Above 80: silver is historically undervalued vs gold. Below 50: silver is expensive vs gold. A falling ratio is typical in late bull markets.
šŸ€„ Shanghai / Asia
Ā„432.66/oz
XAG/CNY ā„¹
ā‰ˆ Ā„13.9104/g (SGE unit)
Silver price in Chinese Yuan per troy oz. China is the world's largest silver consumer. CNY strength or weakness relative to USD affects Chinese buying power and demand.
Ā„13.9104/g
SGE AG(T+D) proxy ā„¹
Spot x CNY rate Ā· SGE direct blocked
Proxy for the Shanghai Gold Exchange AG(T+D) deferred spot contract ā€” the world's most liquid physical silver contract. SGE premiums above international spot signal strong Chinese physical demand.
Ā„9,903/oz
XAG/JPY ā„¹
Tokyo Commodity Exchange proxy
Silver in Japanese Yen. Japan's TOCOM is a key Asian market. A rising XAG/JPY reflects silver strength and/or Yen weakness. BoJ policy moves create significant XAG/JPY volatility.
ā‚¬55.5962/oz
XAG/EUR ā„¹
Silver in Euros. Relevant for European industrial buyers. EUR/USD moves can diverge from USD spot ā€” European buyers may see different effective prices. ECB policy is a key driver.
šŸ›ļø COMEX Futures
$63.7750/oz
SI=F Front Month ā„¹
yfinance approx 15min delay
COMEX silver futures front-month (5,000 oz per contract). Primary global price-discovery mechanism. Backwardation (futures below spot) is a bullish signal of tight physical supply.
433.6M oz
COMEX Open Interest ā„¹
86,712 contracts Ā· 5,000 oz each
Total open COMEX silver futures contracts. Rising OI + rising price = new longs = bull signal. Rising OI + falling price = new shorts = bearish. High OI vs vault stocks can signal squeeze risk.
šŸ¦ ETF Holdings
0.0M oz
SLV Silver Held ā„¹
iShares Ā· $34.7B AUM
Total silver held by iShares SLV ā€” world's largest silver ETF. Rising holdings = institutional demand growing. Falling = investors exiting. Strong leading indicator of Western sentiment.
$58.12 / $57.67
SLV Price / NAV ā„¹
Premium/discount to NAV
SLV price vs Net Asset Value per share. A premium signals buying pressure exceeding physical inflows ā€” very strong demand. A discount signals selling pressure. Normally very tight.
17.2M shares
SLV Avg Daily Volume ā„¹
3-month average
Average daily SLV volume. Spikes in volume confirm price moves. A breakout on high volume is more reliable than a low-volume move.

Spot: gold-api.com + Swissquote (real-time). Currencies: fawazahmed0 (daily). ETF/futures: Yahoo Finance (approx 15min). SGE/SHFE APIs geo-blocked; CNY rate used as proxy. Refreshed hourly.

šŸ¤– Silver broke to new 52-week highs at $79.41, but RSI at 26.9 and bearish MACD signal fragile momentum. Eighth straight supply deficit and all-time low inventories support the long-term case; near-term, geopolitical spikes can reverse sharply.
SLV $58.12 -0.05% RSI 59 SMA20 $58.11 SMA50 $59.26 MACD ā–² Bull 52w $57.51ā€“$61.67 Au/Ag 68.0
Hover chart for OHLCV
ā›ļø Annual Supply ā€” Silver Institute 2023
820.8M oz
Mine Production ā„¹
2023
Total silver mined globally in 2023. Mexico, Peru and China are top producers. Mine supply is inelastic ā€” it takes years to open new mines. A shortage cannot be quickly fixed, making price spikes more extreme.
183.6M oz
Recycling ā„¹
Silver recovered from industrial scrap, photography, and jewellery. Recycling increases when prices rise. Acts as a partial buffer but cannot replace mine supply shortfalls.
1,004.3M oz
Total Supply ā„¹
Mine production + recycling + net hedging. Supply has grown slowly while demand has accelerated ā€” the resulting structural deficit is a core long-term bullish argument for silver.
MX Ā· PE Ā· CN
Top Producers ā„¹
Mexico Ā· Peru Ā· China
Mexico, Peru and China account for ~50% of global mine supply. Political instability or labour disputes in these countries can rapidly tighten supply and spike prices.
šŸ­ Annual Demand ā€” Silver Institute 2023
654.4M oz
Industrial ā„¹
EVs Ā· solar Ā· electronics
The largest demand category at 56% of total. Silver is irreplaceable in solar panels, EVs, 5G electronics, and medical devices. This demand is structural and growing ā€” it does not retreat in bear markets.
243.0M oz
Physical Investment ā„¹
Coins & bars
Retail and institutional demand for coins and bars. Surges during inflation fears, dollar weakness, or geopolitical crisis. US Mint and Royal Mint sell-outs are strong sentiment indicators.
182.0M oz
Jewellery ā„¹
Mainly India and China. India is the world's largest silver jewellery market ā€” INR/USD and Indian import duties directly impact this figure. Less price-sensitive than investment demand.
52.1M oz
Silverware ā„¹
Traditional silverware demand. Relatively stable; primarily driven by India and China gifting and ceremonial use.
šŸ“Š Supply / Demand Balance ā€” Silver Institute 2023
1,167.8M oz
Total Demand ā„¹
2023
All demand categories combined. Demand has grown rapidly driven by industrial use, while supply has lagged ā€” creating a structural deficit for three consecutive years.
āˆ’163.5M oz
Physical Deficit ā„¹
3rd consecutive year
Total demand exceeds total supply by 163.5 Moz ā€” above-ground stocks are being drawn down. Sustained deficits are structurally bullish: prices must eventually rise to ration demand or incentivise new supply.
~2,600M oz
Above-ground Stocks ā„¹
Est. identifiable
Total estimated identifiable above-ground silver stocks (ETFs, COMEX vaults, institutional). At current deficit rates, stocks could tighten meaningfully within years ā€” a key long-term price catalyst.
Structural Deficit
Implied Balance ā„¹
Multi-year trend
The market has been in structural deficit since 2021. Unlike gold, silver lacks large central bank reserves to cushion shortfalls ā€” making it more sensitive to supply shocks.

Annual data: Silver Institute World Silver Survey 2024 (2023 figures). Updated annually.

Bloomberg MarketsSolar Industries Bids $1.4 Billion for South Africaā€™s Omnia

Solar Industries India Ltd. agreed to acquire South African industrial-explosives and fertilizer firm Omnia Holdings Ltd. for 21.8 billion rand ($1.4 billion), seeking to expand in the continentā€™s mining and agricultureā€¦

Sep 14 06:40
Gold EagleThe Fed Will Hike! Or It Won't. It Really Shouldn't Matter to a Gold or Silver Investor

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mike-maharrey">Mike Maharrey</a> - September 14, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"ā€¦

Sep 14 04:00
Ahead of the HerdThe Argument for a Commodities and Precious Metals Bull Market ā€“ Richard Mills

<a href="https://aheadoftheherd.com/the-argument-for-a-commodities-and-precious-metals-bull-market-richard-mills/"><img align="center" alt="The Argument for a Commodities and Precious Metals Bull Market ā€“ Richard Mills"ā€¦

Sep 13 16:52
Ahead of the HerdSeveral major events in metals markets have had and will continue to have tremendous effect on copper, gold and silver markets ā€“ Richard Mills

<a href="https://aheadoftheherd.com/several-major-events-in-metals-markets-have-had-and-will-continue-to-have-tremendous-effect-on-copper-gold-and-silver-markets-richard-mills/"><img align="center" alt="Several major eveā€¦

Sep 13 16:51
Ahead of the HerdGold Investment Rebounding

<a href="https://aheadoftheherd.com/gold-investment-rebounding/"><img align="center" alt="Gold Investment Rebounding" height="347" src="https://aheadoftheherd.com/wp-content/uploads/2025/07/AEx-gold-investment-chart-560xā€¦

Sep 13 16:51
Ahead of the HerdWestern investors hoover up $18 billion in gold ETFs; Asians prefer bars and coins ā€“ Richard Mills

<a href="https://aheadoftheherd.com/western-investors-hoover-up-18-billion-in-gold-etfs-asians-prefer-bars-and-coins-richard-mills/"><img align="center" alt="Western investors hoover up $18 billion in gold ETFs; Asians pā€¦

Sep 13 16:51
Ahead of the HerdGold priceĀ holds near highĀ afterĀ preliminaryĀ Consumer SentimentĀ fallsĀ toĀ 47.8, inflation expectationsĀ spike

<a href="https://aheadoftheherd.com/gold-price-holds-near-high-after-preliminary-consumer-sentiment-falls-to-47-8-inflation-expectations-spike/"><img align="center" alt="Gold priceĀ holds near highĀ afterĀ preliminaryĀ Consuā€¦

Sep 13 16:45
Silver SeekThe Precious Metal Equities Get Smashed Again

<span>The Precious Metal Equities Get Smashed Again</span> <div class="text-long">The interventions in the precious metals -- and their associated equities that we've been witness to since it all began to cā€¦

Sep 13 08:44
Gold EagleGold Forecast: Terminal Point to Current Gold Decline

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/jim-curry">Jim Curry</a> - September 13, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div clā€¦

Sep 13 04:00
Gold EagleThe Gold Repatriation Trend Congress Should Notice

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mike-maharrey">Mike Maharrey</a> - September 13, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"ā€¦

Sep 13 04:00
Gold EagleIs Goldā€™s Weekly Long Trend Nearing Its End

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mark-mead-baillie">Mark Mead Baillie</a> - September 13, 2026</div><div class="field field-name-body field-type-text-with-summary field-labelā€¦

Sep 13 04:00
SRSrocco ReportTHE END OF EASY OIL: Strategic Implications For U.S. Shale Oil Plateau & Decline

While the U.S. and the world enjoyed a 20+ year Shale Oil Bonanza, that time is now running out.Ā  In my newest Gold Member Report, The END OF EASY OIL, there are critical strategic implications for the U.S. Shale Oil Plaā€¦

Sep 12 21:10
Gold EagleSpain Ponders Whether It Should Get Its Gold Out of the U.S.

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mike-maharrey">Mike Maharrey</a> - September 12, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"ā€¦

Sep 12 04:00
Gold EagleGold Price Exclusive Update - September 12, 2026

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/jack-chan">Jack Chan</a> - September 12, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div clā€¦

Sep 12 04:00
Silver SeekCOT Silver Report - September 11, 2026

<span>COT Silver Report - September 11, 2026</span> <div class="text-long">Positions as of 8 September, 2026</div> <span><a href="https://silverseek.com/author/silver-cot-report" title="View user profā€¦

Sep 11 19:24
Crescat CapitalActivist Mining Section ā€“ Live Market Call 9/11/26

<p>The post <a href="https://www.crescat.net/activist-mining-section-live-market-call-9-11-26/">Activist Mining Section ā€“ Live Market Call 9/11/26</a> appeared first on <a href="https://www.crescat.net">Crescat Capital</ā€¦

Sep 11 19:01
Resource WorldScottie raising up to $27 million for B.C. gold mine project

Scottie Resources Corp. [SCOT-TSXV] said it is aiming to raise up to $27 million from...ā€¦

Sep 11 14:59
Resource WorldSilver Tiger advances on Mexico drilling results

Silver Tiger Metals Inc. [SLVR-TSXV, SLVTF-OTCQX] has announced exploration results for the 2026 summer program...ā€¦

Sep 11 14:09
Silver SeekSilver North Completes Veronica Exploration Program, Yukon

<span>Silver North Completes Veronica Exploration Program, Yukon</span> <div class="text-long">In total, 1,112 soil geochemical samples (including 60 samples from the adjacent Tim Property) and 53 rock sampā€¦

Sep 11 10:05
Silver SeekSilver North Completes Veronica Exploration Program, Yukon

<span>Silver North Completes Veronica Exploration Program, Yukon</span> <div class="text-long">In total, 1,112 soil geochemical samples (including 60 samples from the adjacent Tim Property) and 53 rock sampā€¦

Sep 11 10:05