🥈 Silver Market Dashboard

Updated 2026-09-16 19:00 UTC
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📈 Chart & Analysis
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⚡ Live Spot
$63.3510/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.
$63.0475 / $63.0955
Bid / Ask ℹ
Swissquote · spread $0.0480
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.
$4270.60/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.
67.41
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
¥433.55/oz
XAG/CNY ℹ
≈ ¥13.9389/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.
¥13.9389/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.
¥10,038/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.
€55.9760/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
$64.3850/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.
424.0M oz
COMEX Open Interest ℹ
84,797 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
0.0M oz
SLV Silver Held ℹ
iShares · $34.7B 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.
$56.96 / $56.74
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.
17.1M 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 $56.96 +0.02% RSI 40 SMA20 $57.79 SMA50 $57.68 MACD ▼ Bear 52w $56.74–$58.94 Au/Ag 67.4
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 WorldOpus One Gold Completes 2026 Drill Program at Noyell, Extending Zone 1 Gold Mineralization From Surface to Approximately 750 Metres and Remaining Open at Depth

HIGHLIGHTS Zone 1 gold mineralization now extends below 700 meters and remains open at depth....…

Sep 16 17:59
Ahead of the HerdCopper and silver usage in data centers, robotics and solid state batteries

<a href="https://aheadoftheherd.com/copper-and-silver-usage-in-data-centers-robotics-and-solid-state-batteries/"><img align="center" alt="Copper and silver usage in data centers, robotics and solid state batteries  " hei…

Sep 16 17:56
Resource WorldEquity Metals Announces a Significant Increase to the Mineral Resource Estimate at the Silver Queen Project, BC

Highlights Indicated Mineral Resource: 48.7Mozs AgEq or 737kozs AuEq: 21.0Mozs Ag, 210kozs Au, 21Mlbs Cu,...…

Sep 16 16:37
Zero HedgeAhead Of The Fed: Bessent, Bullion, Bans, & Hawkish Bias

<span class="field field--name-title field--type-string field--label-hidden">Ahead Of The Fed: Bessent, Bullion, Bans, & Hawkish Bias</span> <div class="clearfix text-formatted field field--name-body field--…

Sep 16 16:05
Resource WorldNew Break Reports 3.12 g/t Au Over 6.5 Metres and 1.61 g/t Au Over 10.8 Metres From the Balance of Summer Drilling at its Moray Gold Project

New Break Resources Ltd. (CSE:NBRK) (OTCQB: NBRKF) (FRA: O91) (“New Break” or the “Company”) has...…

Sep 16 14:12
Resource WorldGoliath Reports Multiple Holes With Visible Gold And Up To 13.81 g/t Au Over 4.85 Meters From Golden Gate Zone, 5.27 g/t AuEq Over 9.85 Meters From Surebet Zone At The High-Grade Gold Surebet Discovery that Remains Open for Expansion, Golden Triangle, B.C.

Assay results for drill holes GD-26-414, GD-26-426, GD-26-439, GD-26-450, and GD-26-478 confirm mineable widths and...…

Sep 16 12:43
Resource WorldNew Found Gold achieves commercial production milestone

New Found Gold Corp. [NFGC-TSX, NYSE American] has declared commercial production at its 100%-owned Hammerdown...…

Sep 16 12:20
Resource WorldPasinex Resources sells high-grade zinc sulphides

Pasinex Resources Ltd. [CSE: PSE; FSE: PNX], a growing zinc-focused mining company, reported the completion...…

Sep 16 12:14
Gold EagleGold Price Right Before The Hike

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/p-radomski">P. Radomski</a> - September 16, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div…

Sep 16 04:00
Gold EagleHow Artificial Intelligence (AI) Is Affecting Gold

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/avi-gilburt">Avi Gilburt</a> - September 16, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><di…

Sep 16 04:00
Gold EagleGeopolitics to Main Street: Gold’s Case Is Undeniable

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/matthew-piepenberg">Matthew Piepenberg</a> - September 16, 2026</div><div class="field field-name-body field-type-text-with-summary field-lab…

Sep 16 04:00
Gold EagleThe Argument for a Commodities and Precious Metals Bull Market

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/richard-rick-mills">Richard (Rick) Mills</a> - September 16, 2026</div><div class="field field-name-body field-type-text-with-summary field-l…

Sep 16 04:00
Gold EagleWhen Capital Will Move From Tech And Conventional Stocks Into Gold And Precious Metals

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/jordan-roy-byrne">Jordan Roy-Byrne</a> - September 16, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-h…

Sep 16 04:00
Gold EagleNamibia in the Process of Building Its Initial Gold Reserves

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mike-maharrey">Mike Maharrey</a> - September 16, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"…

Sep 16 04:00
Bloomberg MarketsGold Pares Advance After Fed Raises Interest Rates as Expected

Gold pared gains after the Federal Reserve raised interest rates by a quarter percentage point and penciled in an additional hike later this year to step up the fight against inflation.…

Sep 16 00:00
Resource WorldEastport Critical Metals drills 47.5 metres at 0.64% TREO at Semarule Project, Botswana

Eastport Critical Metals Corp. [TSXV: EVI; OTCQB: EVIIF] reported positive assay results from the first...…

Sep 15 16:12
Resource WorldOrosur Mining drills 61.35 metres of 0.93 g/t gold at Anza Project, Colombia

Orosur Mining Inc. [TSXV: OMI, AIM] provided an update on the progress of exploration activities...…

Sep 15 15:42
Gold EagleGold Stocks: Stand & Salute The Flag

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/stewart-thomson">Stewart Thomson</a> - September 15, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hid…

Sep 15 04:00
Gold EagleGold SWOT: Jeff Currie Sees Treasury Buybacks as Bullish for Gold

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/frank-holmes">Frank Holmes</a> - September 15, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><…

Sep 15 04:00
Gold EagleGlobal Economy And Market Trends – A Macro View

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/eelco-robert-lodewijks">Eelco Robert Lodewijks</a> - September 15, 2026</div><div class="field field-name-body field-type-text-with-summary f…

Sep 15 04:00
Gold EagleDaniel Lacalle: Rate Hikes Won’t Fix Inflation or Solve the Debt Problem

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/money-metals-exchange">Money Metals Exchange</a> - September 15, 2026</div><div class="field field-name-body field-type-text-with-summary fie…

Sep 15 04:00
Ahead of the HerdManganese was a critical metal in 1940 – Richard Mills

<a href="https://aheadoftheherd.com/manganese-was-a-critical-metal-in-1940-richard-mills/"><img align="center" alt="Manganese was a critical metal in 1940 – Richard Mills" height="347" src="https://aheadoftheherd.com/wp-…

Sep 14 21:24
Silver SeekTechnical Scoop: Sticky Inflation, Bessent Intervention, Gold Bobble

<span>Technical Scoop: Sticky Inflation, Bessent Intervention, Gold Bobble</span> <div class="text-long">The silver chart continues to look bullish. We may have completed a five-wave decline from the Januar…

Sep 14 13:00
Silver SeekTechnical Scoop: Sticky Inflation, Bessent Intervention, Gold Bobble

<span>Technical Scoop: Sticky Inflation, Bessent Intervention, Gold Bobble</span> <div class="text-long">The silver chart continues to look bullish. We may have completed a five-wave decline from the Januar…

Sep 14 13:00