🥈 Silver Market Dashboard

Updated 2026-03-15 22:00 UTC
⚡ Live Markets
📈 Chart & Analysis
📊 Historical
📰 News
⚡ Live Spot
$80.6950/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.
$80.5000 / $80.6200
Bid / Ask ℹ
Swissquote · spread $0.1200
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.
$5019.70/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.
62.21
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
¥556.16/oz
XAG/CNY ℹ
≈ ¥17.8809/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.
¥17.8809/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.
¥12,870/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.
€70.2936/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
$81.3430/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.
388.0M oz
COMEX Open Interest ℹ
77,604 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.
$72.69 / $75.80
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.
108.3M 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 spot at $89.18, well above SMA20 ($79.37) and SMA50 ($76.99) with RSI at 65.6, but MACD has turned bearish — momentum is fading at elevated levels. A pullback toward $83–85 is plausible; avoid chasing this move without a fresh catalyst.
SLV $72.67 -0.38% RSI 20 SMA20 $74.58 SMA50 $76.97 MACD ▼ Bear 52w $72.54–$81.12 Au/Ag 62.2
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.

Bloomberg MarketsMunitions Metal Tungsten Outshines Gold, Copper in 557% Rally

A metal used in weapons and semiconductors is finding itself the subject of geopolitical tensions as Chinese export limits and rising military demand squeeze supplies, sending prices to record highs.…

Mar 15 20:00
SRSrocco ReportINDIA SILVER BIG CHANGE & IMPORTANT MARKET UPDATE MAR 15th: Global Supply Chain Contagion To Worsen

There was a BIG CHANGE in the Indian Silver Market that you need to see.  Also, the US-Israel-Iran War is now moving well beyond oil and gas, disrupting the Global Supply Chain in ways we don't realize...…

Mar 15 18:35
Ahead of the HerdAll signs point to gold price strength – Richard Mills

<a href="https://aheadoftheherd.com/all-signs-point-to-gold-price-strength-richard-mills/"><img align="center" alt="All signs point to gold price strength &#8211; Richard Mills" height="347" src="https://aheadoftheherd.…

Mar 15 16:48
Ahead of the HerdTrump officials broker massive US.-Venezuela gold deal

<a href="https://aheadoftheherd.com/trump-officials-broker-massive-us-venezuela-gold-deal/"><img align="center" alt="Trump officials broker massive US.-Venezuela gold deal" height="347" src="https://aheadoftheherd.com/wp…

Mar 15 16:40
Gold EagleWhat's Up With the Treasury Market… and Gold

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mike-gleason">Mike Gleason</a> - March 15, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div…

Mar 15 04:00
Gold EagleTwo Weeks of War Profound; Two Weeks of Gold Gone Down

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mark-mead-baillie">Mark Mead Baillie</a> - March 15, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hid…

Mar 15 04:00
Gold EagleGold Price Exclusive Update - March 14, 2026

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/jack-chan">Jack Chan</a> - March 14, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class=…

Mar 14 04:00
Silver SeekCOT Silver Report - March 13, 2026

<span>COT Silver Report - March 13, 2026</span> <div class="text-long">Positions as of&nbsp;10 March, 2026</div> <span><a href="https://silverseek.com/author/silver-cot-report" title="View user profil…

Mar 13 19:29
Gold EagleGold Price Forecast: War Risks and $200 Oil Could Ignite Gold’s Next Bull Run

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/ag-thorson">AG Thorson</a> - March 13, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div clas…

Mar 13 04:00
Gold EagleYou Need To Protect Your Savings Before It Is Too Late

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/avi-gilburt">Avi Gilburt</a> - March 13, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div cl…

Mar 13 04:00
Gold EagleGold Mid-Tiers’ Q4’25 Fundamentals

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/adam-hamilton">Adam Hamilton</a> - March 13, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><di…

Mar 13 04:00
Gold EagleWhy “Dead Investors” Beat the Market as Gold Surges Past $5,000

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/money-metals-exchange">Money Metals Exchange</a> - March 12, 2026</div><div class="field field-name-body field-type-text-with-summary field-l…

Mar 13 04:00
Gold EagleWhat's Up With the Treasury Market? Why Is Gold the Last Safe-Haven Standing?

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

Mar 13 04:00
Gold EagleWhy Gold & Silver Prices Aren’t Responding To Iran War

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/chris-marcus">Chris Marcus</a> - March 12, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div…

Mar 13 04:00