Silver Market

⚡ Live Spot

$75.3640/oz

XAG/USD (Spot) ℹ

gold-api.com · 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.

$75.2060 / $75.2550

Bid / Ask ℹ

Swissquote · spread $0.0490

The tightest price a dealer will buy (bid) and sell (ask) silver. The spread indicates market liquidity — a tight spread means high liquidity and low transaction cost. Wide spreads signal thin markets or uncertainty.

$4754.80/oz

XAU/USD (Gold) ℹ

gold-api.com · real-time

Gold spot price. Key context for silver — the two metals are closely correlated. Gold often leads silver moves. Watch for divergence as a signal.

63.09

Gold / Silver Ratio ℹ

>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.

🀄 Shanghai / Asia

¥510.57/oz

XAG/CNY ℹ

≈ ¥16.4151/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.

¥16.4151/g

SGE AG(T+D) proxy ℹ

Spot x CNY rate · SGE direct blocked

Proxy for the Shanghai Gold Exchange AG(T+D) deferred spot contract — the world's most liquid physical silver contract. SGE premiums above international spot signal strong Chinese physical demand.

¥11,767/oz

XAG/JPY ℹ

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.

€64.1355/oz

XAG/EUR ℹ

Silver in Euros. Relevant for European industrial buyers. EUR/USD moves can diverge from USD spot — European buyers may see different effective prices. ECB policy is a key driver.

🏛️ COMEX Futures

$75.4350/oz

SI=F Front Month ℹ

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.

368.1M oz

COMEX Open Interest ℹ

73,622 contracts · 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.

🏦 ETF Holdings

317.9M oz

SLV Silver Held ℹ

iShares · $46.2B AUM

Total silver held by iShares SLV — world's largest silver ETF. Rising holdings = institutional demand growing. Falling = investors exiting. Strong leading indicator of Western sentiment.

$68.08 / $65.81

SLV Price / NAV ℹ

Premium/discount to NAV

SLV price vs Net Asset Value per share. A premium signals buying pressure exceeding physical inflows — very strong demand. A discount signals selling pressure. Normally very tight.

101.8M shares

SLV Avg Daily Volume ℹ

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.

🤖 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 $68.08 +0.01% RSI 53 SMA20 $68.03 SMA50 $65.71 MACD ▼ Bear 52w $60.62–$68.78 Au/Ag 63.1

Hover chart for OHLCV

⛏️ Annual Supply — Silver Institute 2023

820.8M oz

Mine Production ℹ

2023

Total silver mined globally in 2023. Mexico, Peru and China are top producers. Mine supply is inelastic — it takes years to open new mines. A shortage cannot be quickly fixed, making price spikes more extreme.

183.6M oz

Recycling ℹ

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 ℹ

Mine production + recycling + net hedging. Supply has grown slowly while demand has accelerated — the resulting structural deficit is a core long-term bullish argument for silver.

MX · PE · CN

Top Producers ℹ

Mexico · Peru · 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.

🏭 Annual Demand — Silver Institute 2023

654.4M oz

Industrial ℹ

EVs · solar · 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 — it does not retreat in bear markets.

243.0M oz

Physical Investment ℹ

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 ℹ

Mainly India and China. India is the world's largest silver jewellery market — INR/USD and Indian import duties directly impact this figure. Less price-sensitive than investment demand.

52.1M oz

Silverware ℹ

Traditional silverware demand. Relatively stable; primarily driven by India and China gifting and ceremonial use.

📊 Supply / Demand Balance — Silver Institute 2023

1,167.8M oz

Total Demand ℹ

2023

All demand categories combined. Demand has grown rapidly driven by industrial use, while supply has lagged — creating a structural deficit for three consecutive years.

−163.5M oz

Physical Deficit ℹ

3rd consecutive year

Total demand exceeds total supply by 163.5 Moz — 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 ℹ

Est. identifiable

Total estimated identifiable above-ground silver stocks (ETFs, COMEX vaults, institutional). At current deficit rates, stocks could tighten meaningfully within years — a key long-term price catalyst.

Structural Deficit

Implied Balance ℹ

Multi-year trend

The market has been in structural deficit since 2021. Unlike gold, silver lacks large central bank reserves to cushion shortfalls — making it more sensitive to supply shocks.

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

Ahead of the HerdUnder the Spotlight – Marc Blythe Founder, President, CEO & Director Au Gold Corp

<a href="https://aheadoftheherd.com/under-the-spotlight-marc-blythe-founder-president-ceo-director-au-gold-corp/"><img align="center" alt="Under the Spotlight – Marc Blythe Founder, President, CEO & Director Au…

Apr 01 18:18

Ahead of the HerdOrestone initiates exploration on Francisca Gold Project with mapping and sampling program – Richard Mills

<a href="https://aheadoftheherd.com/orestone-initiates-exploration-on-francisca-gold-project-with-mapping-and-sampling-program-richard-mills/"><img align="center" alt="Orestone initiates exploration on Francisca Gold Pro…

Apr 01 16:20

Resource WorldFreegold Drills 11.5 g/t Au over 29.5 m at Golden Summit within 216.4 m of 2.44 g/t Au

Highlights: Momentum builds—higher-grade results and a growing footprint Cleary higher-grade: GS2546 delivered 11.54 g/t Au...…

Apr 01 15:18

Resource WorldGold Runner Exploration Announces Closing of Upsized Institutionally Supported Non-brokered Private Placement Financing of Flow-through Units and Charity Flow Through Units for $3.1 Million

Gold Runner Exploration Inc. (CSE: GRUN, Frankfurt: CE70) (“Gold Runner” or the “Company”) is pleased...…

Apr 01 13:48

Resource WorldNord Precious Metals Mining closes acquisition of Gowganda Silver Camp claims, Ontario

Nord Precious Metals Mining Inc. [TSXV: NTH; OTCQB: CCWOF; FF: QN3] reported has completed its...…

Apr 01 12:48

Resource WorldGrid Metals posts first assays from Phase 2 drilling at Falcon West Project, Manitoba

Grid Metals Corp. [TSXV: GRDM; OTCQB: MSMGF] reported significant cesium, lithium and tantalum values from...…

Apr 01 12:27

Resource WorldMaple Gold Mines posts multiple high-grade gold intercepts from step-out drilling at Douay/Joutel Project, Québec

Maple Gold Mines Ltd. [TSXV: MGM; OTCQX: MGMLF; FSE: M3G0] reported additional assay results from seven...…

Apr 01 12:16

Resource WorldGlobex Mining resumes drilling at Berrigan zinc, gold, silver royalty property NW of Chibougamau, Quebec

Globex Mining Enterprises Inc. [TSX: GMX; Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS...…

Apr 01 12:07

Resource WorldWest Red Lake Gold posts additional drill results from Rowan Mine resource and extends Vein Zones, Ontario

West Red Lake Gold Mines Ltd. [TSXV: WRLG; OTCQB: WRLGF] reported drill results from its...…

Apr 01 08:17

Gold EagleHSBC: Gold Is Behaving Like a Risk Asset But Bullish Case Remains

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mike-maharrey">Mike Maharrey</a> - April 01, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><di…

Apr 01 04:00

Bloomberg MarketsGold Extends Gains as Traders Look to Possible End to Iran War

Gold extended a three-day rally as traders awaited signals from US President Donald Trump on a possible end to the Iran war.…

Mar 31 22:31

Ahead of the HerdGold SWOT: DoubleLine’s Jeffrey Gundlach sees the recent precious metals pullback as a strategic entry

<a href="https://aheadoftheherd.com/gold-swot-doublelines-jeffrey-gundlach-sees-the-recent-precious-metals-pullback-as-a-strategic-entry/"><img align="center" alt="Gold SWOT: DoubleLine’s Jeffrey Gundlach sees the recent…

Mar 31 17:20

Gold EagleA Gold Market Trifecta

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/stewart-thomson">Stewart Thomson</a> - March 31, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"…

Mar 31 04:00

Gold EagleGold SWOT: Doubleline’s Jeffrey Gundlach Sees the Recent Precious Metals Pullback as a Strategic Entry

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/frank-holmes">Frank Holmes</a> - March 31, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div…

Mar 31 04:00

Gold EagleGold Pullback Sparks Debate as War Narrative Dominates Markets

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/money-metals-exchange">Money Metals Exchange</a> - March 31, 2026</div><div class="field field-name-body field-type-text-with-summary field-l…

Mar 31 04:00

Gold EagleSwiss Bankers Association: Despite Current Volatility Gold Will Continue to Gain Relevance

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mike-maharrey">Mike Maharrey</a> - March 31, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><di…

Mar 31 04:00

Gold EagleDollar Breaks 100 But the Real Move Hasn’t Started Yet

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/anna-radomska">Anna Radomska</a> - March 31, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><di…

Mar 31 04:00

Gold EagleGold Rallies $27 As Economy Nears Brink Of ‘Destruction’

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/chris-marcus">Chris Marcus</a> - March 31, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div…

Mar 31 04:00

Silver SeekSilver North Announces Results of AGM & Engages Investor Relations Consultant

<span>Silver North Announces Results of AGM & Engages Investor Relations Consultant</span> <div class="text-long">Director Brown: "Our focus is firmly on advancing the Haldane high-grade silver project…

Mar 30 13:30

Silver SeekSilver North Announces Results of AGM & Engages Investor Relations Consultant

Mar 30 13:30

Silver SeekTechnical Scoop: Rounding Top, Rising Oil, Bottoming Gold

<span>Technical Scoop: Rounding Top, Rising Oil, Bottoming Gold</span> <div class="text-long">The good news is that despite the sharp drop, gold, silver, and the gold stocks remain in bull markets. We’ve se…

Mar 30 13:15

Silver SeekTechnical Scoop: Rounding Top, Rising Oil, Bottoming Gold

Mar 30 13:15

Silver SeekRates, Gold & Silver: Key Wave Counts

<span>Rates, Gold & Silver: Key Wave Counts</span> <div class="text-long">Silver was initially sharply lower again this past week reaching a low of 60.97, although after that low was made, we moved shar…

Mar 30 12:50

Silver SeekRates, Gold & Silver: Key Wave Counts

Mar 30 12:50

Gold EagleWhy Gold Continues to Buck Trends and Outperform Stocks

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/anthony-storer-james-hop-patrick-o%E2%80%99keefe-timothy-g-nash">Anthony Storer, James Hop, Patrick O’Keefe, Timothy G. Nash</a> - March 30,…

Mar 30 04:00

Gold EagleHow an Ignored Constitution Foresaw a Tragic Endgame

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/matthew-piepenberg">Matthew Piepenberg</a> - March 30, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-h…

Mar 30 04:00

Gold EagleA Rare Setup is Forming in Silver & Gold

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/jordan-roy-byrne">Jordan Roy-Byrne</a> - March 30, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidde…

Mar 30 04:00