Silver Market

⚡ Live Spot

$75.7550/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.

$75.5340 / $75.5760

Bid / Ask ℹ

Swissquote · spread $0.0420

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.

$4759.30/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.

62.82

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

¥506.20/oz

XAG/CNY ℹ

≈ ¥16.2746/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.

¥16.2746/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.

¥11,761/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.

€63.4961/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

$75.6400/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.

308.0M oz

COMEX Open Interest ℹ

61,607 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 · $35.7B 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.

$68.39 / $67.06

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.

98.8M 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 $68.40 -0.28% RSI 68 SMA20 $68.20 SMA50 $66.84 MACD ▼ Bear 52w $63.92–$69.22 Au/Ag 62.8

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, Jobs, and the Story Behind France’s Move

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/money-metals-exchange">Money Metals Exchange</a> - April 10, 2026</div><div class="field field-name-body field-type-text-with-summary field-l…

Apr 10 04:00

Gold EagleNYC Mayor Mamdani Has Declared War on Gold

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/jp-cortez">JP Cortez</a> - April 10, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class=…

Apr 10 04:00

Gold EagleETFs Dumped Gold in March Except In Asia

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mike-maharrey">Mike Maharrey</a> - April 10, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><di…

Apr 10 04:00

Gold EagleThe Theft of Your Good Deflation

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/john-mckearn">John McKearn</a> - April 10, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div…

Apr 10 04:00

Gold EagleGold Price Jumps As Trump Eyes 'Next Conquest'

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/chris-marcus">Chris Marcus</a> - April 10, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div…

Apr 10 04:00

Ahead of the HerdUnder the Spotlight – Quinton Hennigh CEO, San Cristobal Mining

<a href="https://aheadoftheherd.com/under-the-spotlight-quinton-hennigh-ceo-san-cristobal-mining-2/"><img align="center" alt="Under the Spotlight – Quinton Hennigh CEO, San Cristobal Mining" height="347" src="https…

Apr 09 16:08

Ahead of the Herd‘The shift from dollar reserves to gold is not a prediction but a trend’ and BRICS+ demand could drive the whole gold market – EBC

<a href="https://aheadoftheherd.com/the-shift-from-dollar-reserves-to-gold-is-not-a-prediction-but-a-trend-and-brics-demand-could-drive-the-whole-gold-market-ebc/"><img align="center" alt="‘The shift from dollar reserves…

Apr 09 16:00

Silver SeekAirborne Geophysical Survey Underway at Silver North's Haldane Silver Project, YT

<span>Airborne Geophysical Survey Underway at Silver North's Haldane Silver Project, YT</span> <div class="text-long">CEO Jason Weber noted that completion of the survey will refine 2026 drill targets, clar…

Apr 09 15:46

Silver SeekAirborne Geophysical Survey Underway at Silver North's Haldane Silver Project, YT

Apr 09 15:46

Resource WorldRockland Resources Completes Expanded 5,300-Metre Drill Program at Cole Gold Mines Project, Red Lake, Ontario

Rockland Resources Ltd. (the “Company” or “Rockland”) (CSE: RKL) (OTCQB: BERLF) (FSE: GB2) is pleased...…

Apr 09 15:29

Resource WorldWest Point Gold drilling at Sheep Trail, Gold Chain Project, Arizona

West Point Gold Corp. [TSXV: WPG; OTCQB: WPGCF; FSE: LRA0] reported initial drill results from its...…

Apr 09 14:35

Resource WorldWestern Star Resources Expands Its Past Producing Rowland Tungsten Property by 170%, Securing Mine Workings in Elko, Nevada, USA.

New land position encompasses historical adits and expands district-scale footprint in the Jarbidge Mining District...…

Apr 09 12:02

Resource WorldParamount Gold Nevada begins Initial Assessment of Sleeper Gold Project, Nevada

Paramount Gold Nevada Corp. [NYSE American: PZG] reported that it has commenced an Initial Assessment...…

Apr 09 11:59

Resource WorldHeliostar Drills 101 Metres Grading 5.34 g/t Gold in the Ana Paula Expansion Zone

HIGHLIGHTS: Expansion Zone 101.0 m grading 5.34 g/t gold from 512.5m 8.75 m grading 9.11...…

Apr 09 11:57

Resource WorldAntimony Resources advancing Bald Hill property, New Brunswick

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

Apr 09 11:41

Resource WorldP2 Gold drills 0.90 g/t gold and 0.34% copper over 48.77 metres, including 1.61 g/t gold and 0.49% copper over 21.34 metres at Lucky Strike Zone, Gabbs Project, Nevada

P2 Gold Inc. [TSXV: PGLD; OTCQB: PGLDF] reported results from an additional ten reverse circulation (RC)...…

Apr 09 09:52

Gold EagleDegrees of Seriousness on the National Debt

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/christopher-e-baecker">Christopher E. Baecker</a> - April 09, 2026</div><div class="field field-name-body field-type-text-with-summary field-…

Apr 09 04:00

Gold EagleThe Economic Destruction of Trump’s War Goes Far Beyond High Gas Prices

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/connor-o%E2%80%99keeffe">Connor O’Keeffe</a> - April 09, 2026</div><div class="field field-name-body field-type-text-with-summary field-label…

Apr 09 04:00

Gold EagleGold, Silver Surge & Then Fall As Ceasefire Violated After Just 1 Day…

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/chris-marcus">Chris Marcus</a> - April 09, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div…

Apr 09 04:00

Resource WorldFounders Metals Announces Increased Strategic Investment by Gold Fields

Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (“Founders” or the “Company”) announces that...…

Apr 08 17:38

Gold EagleGold’s Healthy Correction: Why the Bull Market May Still Be in Its Early Stages

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/jordan-roy-byrne">Jordan Roy-Byrne</a> - April 08, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidde…

Apr 08 04:00

Gold EagleThe Petroyuan Shift Has Begun

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/alasdair-macleod">Alasdair Macleod</a> - April 08, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidde…

Apr 08 04:00