🥈 Silver Market Dashboard

Updated 2026-04-08 17:00 UTC
⚡ Live Markets
📈 Chart & Analysis
📊 Historical
📰 News
⚡ Live Spot
$75.6870/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.
$75.4950 / $75.5410
Bid / Ask ℹ
Swissquote · spread $0.0460
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.
$4761.80/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.
62.91
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
¥498.98/oz
XAG/CNY ℹ
≈ ¥16.0426/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.
¥16.0426/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.
¥11,597/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.
€62.9077/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
$75.7650/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.
349.3M oz
COMEX Open Interest ℹ
69,851 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.
$68.37 / $65.28
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 $68.37 +0.26% RSI 71 SMA20 $66.08 SMA50 $66.03 MACD ▲ Bull 52w $63.92–$69.22 Au/Ag 62.9
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 MarketsGold Output at Top North American Miners Wanes as Global Rivals Gain

Waning output at North America’s top gold producers is helping mining rivals in other regions catch up in the latest global rankings for annual bullion production.…

Apr 08 16:26
Bloomberg MarketsChile Uncovers Criminal Networks Shipping Millions of Dollars of Copper to Peru and China

Chilean investigators have exposed how organized criminal groups steal, process and ship copper on a previously unreported scale as perpetrators seek to capitalize on high metal prices.…

Apr 08 13:52
Resource WorldGoldstorm Metals Announces Drill Targets for the Crown Property Utilizing Results of an Independent Geophysical Review, and Appoints Joel Ashburner as Chief Geologist

Goldstorm Metals Corp. (TSXV: GSTM) (FSE: B2U) (“Goldstorm” or the “Company”) is pleased to announce that...…

Apr 08 13:41
Resource WorldLegacy Gold Mines raising $10 million from upsized financing

Legacy Gold Mines Ltd. [LEGY-TSXV] has announced the final increase in size of a non-brokered...…

Apr 08 12:59
Resource Worldi-80 Gold posts high-grade drill results at Archimedes Underground Project, Nevada

i-80 Gold Corp. [TSX: IAU; NYSE American: IAUX] reported assay results from its recent drilling campaign at...…

Apr 08 12:50
Resource WorldGoldcliff Resources confirms free gold at Kettle Valley Project North Cliff Zone, British Columbia

George Sanders, President, reported that Goldcliff Resource Corp. [TSXV: GCN; OTC: GCFFF] has confirmed the...…

Apr 08 12:34
Resource WorldMilitary Metals posts Maiden Inferred Resource Estimate at Trojarova Project, Slovakia

Military Metals Corp. [CSE: MILI; OTCQB: MILIF; FSE: QN90] reported the completion of a maiden Inferred...…

Apr 08 09:59
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
Gold EagleGold, Silver Await Trump Decision On ‘End of Civilization’ For Iran

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/chris-marcus">Chris Marcus</a> - April 08, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div…

Apr 08 04:00
Resource WorldIntrepid raises $6 million from the exercise of warrants

Intrepid Metals Corp. [INTR-TSXV, IMTCF-OTCQB] said it has raised over $6 million via strong warrant...…

Apr 07 14:45
Gold EagleGold, Oil & War: The Orwell Narrative

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/stewart-thomson">Stewart Thomson</a> - April 07, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"…

Apr 07 04:00
Gold EagleGold SWOT: Turkey sold or swapped nearly 70 tons of gold in the week to March 27

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/frank-holmes">Frank Holmes</a> - April 07, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div…

Apr 07 04:00
Gold EaglePrice Inflation and the Price of Oil

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/frank-shostak">Frank Shostak</a> - April 07, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><di…

Apr 07 04:00
Gold EagleCongress Is Moving the Goalposts on Fiscal Responsibility

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/romina-boccia">Romina Boccia</a> - April 07, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><di…

Apr 07 04:00
Gold EagleAfrica's Richest King Pushing to Boost African Gold Production

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mike-maharrey">Mike Maharrey</a> - April 07, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><di…

Apr 07 04:00
Gold EagleGold & Silver Selloff Looms As Oil Shortages Escalate

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/chris-marcus">Chris Marcus</a> - April 07, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div…

Apr 07 04:00
Gold EagleThe Myth that Won’t Die: “War is Good for the Economy”

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/carlos-boix">Carlos Boix</a> - April 06, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div cl…

Apr 06 04:00