Silver Market

⚡ Live Spot

$69.8740/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.

$69.6700 / $69.7770

Bid / Ask ℹ

Swissquote · spread $0.1070

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.

$4495.00/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.

64.33

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

¥482.24/oz

XAG/CNY ℹ

≈ ¥15.5042/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.

¥15.5042/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.

¥11,183/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.

€60.4812/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

$69.7960/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.

358.7M oz

COMEX Open Interest ℹ

71,746 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.

$63.44 / $61.39

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.

109.4M 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 $63.43 -0.42% RSI 68 SMA20 $62.56 SMA50 $63.41 MACD ▲ Bull 52w $60.62–$66.11 Au/Ag 64.3

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.

Gold EagleGold Price Exclusive Update - March 29, 2026

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/jack-chan">Jack Chan</a> - March 29, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class=…

Mar 29 04:00

Gold EagleThe Markets, Including Gold & Silver are Correcting

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mark-j-lundeen">Mark J Lundeen</a> - March 29, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><…

Mar 29 04:00

Gold EagleStuck in the Middle with Gold

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mark-mead-baillie">Mark Mead Baillie</a> - March 29, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hid…

Mar 29 04:00

Gold EagleOil, Economic Deceleration & a Crack-Up Boom?

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/gary-tanashian">Gary Tanashian</a> - March 29, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><…

Mar 29 04:00

Gold EagleIran War Adds to Concerns About U.S. Government Solvency

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mike-gleason">Mike Gleason</a> - March 29, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div…

Mar 29 04:00

Gold EagleGold Stocks: Strategic Buys Today

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/morris-hubbartt">Morris Hubbartt</a> - March 29, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"…

Mar 29 04:00

Gold EagleThe U.S. Government Is Insolvent; Yes, That Matters

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mike-maharrey">Mike Maharrey</a> - March 29, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><di…

Mar 29 04:00

Gold EagleGeorgia Rejects Big Government “Transactional Gold” Bill, Joining More Than a Dozen Other States

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/sound-money-defense-league">Sound Money Defense League</a> - March 29, 2026</div><div class="field field-name-body field-type-text-with-summa…

Mar 29 04:00

Zero HedgeEscobar: The Long And Winding Petro-Gold Road

<span class="field field--name-title field--type-string field--label-hidden">Escobar: The Long And Winding Petro-Gold Road</span> <div class="clearfix text-formatted field field--name-body field--type-text-w…

Mar 29 03:20

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…

Mar 28 17:25

Ahead of the HerdTorr Metals expands 2026 drilling with Lodi-Kirby porphyry target – Richard Mills

<a href="https://aheadoftheherd.com/torr-metals-expands-2026-drilling-with-lodi-kirby-porphyry-target-richard-mills/"><img align="center" alt="Torr Metals expands 2026 drilling with Lodi-Kirby porphyry target – Ri…

Mar 28 16:38

Silver SeekCOT Silver Report - March 27, 2026

<span>COT Silver Report - March 27, 2026</span> <div class="text-long">Positions as of Tuesday, March 24, 2026</div> <span><a href="https://silverseek.com/author/silver-cot-report" title="View user pr…

Mar 27 19:01

Resource WorldLaFleur Minerals Files PEA Technical Report Supporting Restart of Gold Production at Beacon Gold Mill, Québec

LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF, FSE: 3WK0) (“LaFleur Minerals” or the “Company”) is...…

Mar 27 16:12

Ahead of the HerdGold has done its job providing investors with liquidity in times of uncertainty – Standard Chartered’s Cooper

<a href="https://aheadoftheherd.com/gold-has-done-its-job-providing-investors-with-liquidity-in-times-of-uncertainty-standard-chartereds-cooper/"><img align="center" alt="Gold has done its job providing investors with li…

Mar 27 15:55

Resource WorldHudbay releases three year copper and gold production targets

Hudbay Minerals Inc. [HBM-TSX, NYSE] has affirmed its 2026 production guidance and issued new output...…

Mar 27 15:04

Resource WorldGreat Pacific Gold raising $20 million from upsized financing

Great Pacific Gold Corp. [GPAC-TSXV, GPGCF-OTCQX, VEH-FSE] said it is upsizing a previously announced public...…

Mar 27 14:52

Resource WorldOmai Gold Mines drills 7.74 g/t gold over 13.5 metres at Wenot and commences drilling exploration target at Omai Gold Project, Guyana

Omai Gold Mines Corp. [TSXV: OMG; OTCQB: OMGGF] reported assay results from eight additional drill holes...…

Mar 27 14:14

Gold EagleGold Price Forecast: Liquidity Crunch Could Spark Broader Market Selloff

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/ag-thorson">AG Thorson</a> - March 27, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div clas…

Mar 27 04:00

Gold EagleDollar Pushes, Metals Rebound But the Real Decision Is Still Ahead

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/anna-radomska">Anna Radomska</a> - March 27, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><di…

Mar 27 04:00

Resource WorldIndependence Gold outlines B.C. project exploration plan, shares rise

Independence Gold Corp. [IGO-TSXV] has announced the commencement of an up to 10,000-metre diamond drill...…

Mar 26 15:24