🥈 Silver Market Dashboard

Updated 2026-03-19 13:00 UTC
⚡ Live Markets
📈 Chart & Analysis
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⚡ Live Spot
$67.5850/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.
$67.1423 / $67.2117
Bid / Ask ℹ
Swissquote · spread $0.0694
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.
$4586.60/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.
67.86
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
¥528.09/oz
XAG/CNY ℹ
≈ ¥16.9785/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.
¥16.9785/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.
¥12,223/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.
€66.6652/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
$67.5200/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.
372.1M oz
COMEX Open Interest ℹ
74,426 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.
$68.70 / $71.18
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.
108.9M 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 $68.72 -0.23% RSI 23 SMA20 $70.34 SMA50 $71.89 MACD ▼ Bear 52w $68.72–$77.80 Au/Ag 67.9
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 MarketsAluminum Falls More Than 8% on LME, Biggest Drop Since 2018

Aluminum plunged by the most since 2018 on the London Metal Exchange as growing worries about the global economic impact of the war in Iran fueled broad losses across industrial metals markets.…

Mar 19 12:49
Silver SeekPrince Silver Delivers Further Strong Drill Results, Highlighted by 7.62 Metres of 230 G/T Silver, 10.78% Manganese, 1.87% Lead, 2.54% Zinc and 0.58 G/T Gold

<span>Prince Silver Delivers Further Strong Drill Results, Highlighted by 7.62 Metres of 230 G/T Silver, 10.78% Manganese, 1.87% Lead, 2.54% Zinc and 0.58 G/T Gold</span> <div class="text-long">CEO Iwanaka:…

Mar 19 11:49
Silver SeekPrince Silver Delivers Further Strong Drill Results, Highlighted by 7.62 Metres of 230 G/T Silver, 10.78% Manganese, 1.87% Lead, 2.54% Zinc and 0.58 G/T Gold

<span>Prince Silver Delivers Further Strong Drill Results, Highlighted by 7.62 Metres of 230 G/T Silver, 10.78% Manganese, 1.87% Lead, 2.54% Zinc and 0.58 G/T Gold</span> <div class="text-long">CEO Iwanaka:…

Mar 19 11:49
Gold EagleNo, We Cannot “Afford” This War with Iran Either

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/connor-o%E2%80%99keeffe">Connor O’Keeffe</a> - March 19, 2026</div><div class="field field-name-body field-type-text-with-summary field-label…

Mar 19 04:00
Bloomberg MarketsCopper Wipes Out 2026 Gains as Iran War Punishes Metals Markets

Copper slumped below $12,000 a ton in London, giving up its gains for this year as the worsening war in the Middle East pushed energy prices higher and increased the risk of damage to the global economy.…

Mar 19 03:27
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 18 16:17
Ahead of the HerdStrait of Hormuz closure threatens US bond market as gold eyes $6,000

<a href="https://aheadoftheherd.com/strait-of-hormuz-closure-threatens-us-bond-market-as-gold-eyes-6000/"><img align="center" alt="Strait of Hormuz closure threatens US bond market as gold eyes $6,000" height="347" src="…

Mar 18 16:10
Gold EagleTopping Bitcoin & Other Clues for Gold & Silver Investors

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/p-radomski">P. Radomski</a> - March 18, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div cla…

Mar 18 04:00
Gold EagleWar-Driven Oil Prices More Likely Deflationary

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/gary-tanashian">Gary Tanashian</a> - March 18, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><…

Mar 18 04:00
Gold EagleThe Iran War and Stagflation

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/richard-rick-mills">Richard (Rick) Mills</a> - March 18, 2026</div><div class="field field-name-body field-type-text-with-summary field-label…

Mar 18 04:00
Gold EagleFed Officials Face Diverging Mandates

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/william-j-luther">William J. Luther</a> - March 18, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidd…

Mar 18 04:00
Gold EaglePM Complex: The Intermediate Term Top is In

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/rambus">Rambus</a> - March 18, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field…

Mar 18 04:00
Gold EagleUBS Forecasts 20% Gain for Gold in 2026 Despite Recent Sideways Trading

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mike-maharrey">Mike Maharrey</a> - March 18, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><di…

Mar 18 04:00
Ahead of the HerdGold SWOT: Silver is entering its eighth deficit year, with inventories at all-time lows

<a href="https://aheadoftheherd.com/gold-swot-silver-is-entering-its-eighth-deficit-year-with-inventories-at-all-time-lows/"><img align="center" alt="Gold SWOT: Silver is entering its eighth deficit year, with inventorie…

Mar 17 16:15
Silver SeekIran War Has Global Economy On Verge Of Complete Meltdown

<span>Iran War Has Global Economy On Verge Of Complete Meltdown</span> <div class="text-long">Keep in mind that gold went from $1,000 to $700 in 2008 as the markets were unraveling, before hitting $1,900 a…

Mar 17 13:10
Silver SeekIran War Has Global Economy On Verge Of Complete Meltdown

<span>Iran War Has Global Economy On Verge Of Complete Meltdown</span> <div class="text-long">Keep in mind that gold went from $1,000 to $700 in 2008 as the markets were unraveling, before hitting $1,900 a…

Mar 17 13:10
Gold EagleWhat's Up With Leprechauns, Gold, and the End of the Rainbow?

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mike-maharrey">Mike Maharrey</a> - March 17, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><di…

Mar 17 04:00
Gold Eagle$160 Oil & Great Buys For Gold

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/stewart-thomson">Stewart Thomson</a> - March 17, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"…

Mar 17 04:00
Gold EagleGold SWOT: Pan African Is Acquiring Australian-Listed Emmerson Resources

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/frank-holmes">Frank Holmes</a> - March 17, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div…

Mar 17 04:00
Silver SeekTechnical Scoop: Oil Damage, Precious Flounder, Materials Outperform

<span>Technical Scoop: Oil Damage, Precious Flounder, Materials Outperform</span> <div class="text-long">Silver has support between $69 to $75, but a drop under $69 suggests a possible test of the major bre…

Mar 16 13:44
Silver SeekTechnical Scoop: Oil Damage, Precious Flounder, Materials Outperform

<span>Technical Scoop: Oil Damage, Precious Flounder, Materials Outperform</span> <div class="text-long">Silver has support between $69 to $75, but a drop under $69 suggests a possible test of the major bre…

Mar 16 13:44
Silver SeekGold & Silver Sell Off Again, as Oil Tankers Are Getting Blown up in the Middle East

<span>Gold &amp; Silver Sell Off Again, as Oil Tankers Are Getting Blown up in the Middle East</span> <div class="text-long">If you were expecting the gold and silver prices to rise following the outbreak a…

Mar 16 13:00
Silver SeekGold & Silver Sell Off Again, as Oil Tankers Are Getting Blown up in the Middle East

<span>Gold &amp; Silver Sell Off Again, as Oil Tankers Are Getting Blown up in the Middle East</span> <div class="text-long">If you were expecting the gold and silver prices to rise following the outbreak a…

Mar 16 13:00