🥈 Silver Market Dashboard

Updated 2026-04-02 21:00 UTC
⚡ Live Markets
📈 Chart & Analysis
📊 Historical
📰 News
⚡ Live Spot
$73.1210/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.
$72.9470 / $73.0100
Bid / Ask ℹ
Swissquote · spread $0.0630
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.
$4677.10/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.
63.96
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
¥497.72/oz
XAG/CNY ℹ
≈ ¥16.0022/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.
¥16.0022/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.
¥11,526/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.
€62.6062/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
$73.0550/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.
364.1M oz
COMEX Open Interest ℹ
72,829 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.
$65.79 / $67.79
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.
101.2M 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 $65.80 +0.27% RSI 32 SMA20 $66.45 SMA50 $66.29 MACD ▼ Bear 52w $61.54–$68.78 Au/Ag 64.0
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.

Resource WorldFounders Metals Makes First Discovery at Antino North; Drills 17.22 g/t Au over 3.6 m within 24.6 m of 2.81 g/t Au

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

Apr 02 17:09
Ahead of the HerdUnder the Spotlight – Marc Blythe Founder, President, CEO & Director Au Gold Corp

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Apr 02 16:58
Ahead of the HerdOrestone initiates exploration on Francisca Gold Project with mapping and sampling program – Richard Mills

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Apr 02 16:58
Resource WorldCassiar Gold launches PEA at B.C. project

Cassiar Gold Corp. [GLDC-TSXV, CGLCF-OTCQX] said it has launched a preliminary economic assessment (PEA) at...…

Apr 02 13:47
Resource WorldAmarc confirms Boliden’s participation in B.C. copper-gold project

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Apr 02 13:35
Resource WorldPacifica Silver updates Claudia Silver-Gold Project, Mexico

Pacifica Silver Corp. [CSE: PSIL; OTCQB: PAGFF] provided an update on exploration activities at its 100%-owned...…

Apr 02 13:00
Resource WorldPlato Gold sells Timmins-area Ontario properties to Mayfair Gold

Plato Gold Corp. [TSXV: PGC; OTCQB: NIOVF; Frankfurt: 4Y7 or WKN: A0M2QX] has entered into a definitive asset purchase agreement...…

Apr 02 12:00
Resource WorldSouthern Silver drills 4.6 metres averaging 201 g/t Ag, 4.5% Pb and 9.8% Zn (557 g/t AgEq) at Puro Corazon claim, Mexico

Southern Silver Exploration Corp. [TSXV: SSV; OTCQX: SSVFF] reported the final assays from drilling on the...…

Apr 02 08:06
Gold EagleGold: Gambling with America’s Future

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Apr 02 04:00
Gold EagleGold’s Pullback May Be the Best Entry Point in Years

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Apr 02 04:00
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Apr 02 04:00
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Apr 02 04:00
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Apr 02 04:00
Gold EagleGoldman Doubles Down On $5,400 Gold Target

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Apr 02 04:00
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Apr 01 20:04
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Apr 01 20:04
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
Gold EagleHSBC: Gold Is Behaving Like a Risk Asset But Bullish Case Remains

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Apr 01 04:00
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Mar 31 17:20
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Mar 31 04:00
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Mar 31 04:00
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Mar 31 04:00