Silver Market

⚡ Live Spot

$74.2200/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.

$74.1240 / $74.1675

Bid / Ask ℹ

Swissquote · spread $0.0435

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.

$4714.10/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.

63.52

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

¥520.41/oz

XAG/CNY ℹ

≈ ¥16.7315/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.

¥16.7315/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.

¥12,139/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.

€64.9899/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

$74.2000/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.

286.6M oz

COMEX Open Interest ℹ

57,316 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.

$67.12 / $68.39

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.

93.7M 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 $67.12 +0.02% RSI 24 SMA20 $68.44 SMA50 $68.02 MACD ▼ Bear 52w $63.92–$69.46 Au/Ag 63.5

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 WorldSilverco tables PEA results for Cusi mine in Mexico

Silverco Mining Ltd. [SICO-TSXV, SICOF-OTCQB] has confirmed in a preliminary economic assessment (PEA) of the...…

Apr 13 15:17

Zero HedgeGoldman Stock Slides After FICC Unexpectedly Misses Despite Highest Overall Profit In 5 Years

<span class="field field--name-title field--type-string field--label-hidden">Goldman Stock Slides After FICC Unexpectedly Misses Despite Highest Overall Profit In 5 Years</span> <div class="clearfix text-for…

Apr 13 13:18

Silver SeekTechnical Scoop: Inflation Up, Oil Low, Gold Base

<span>Technical Scoop: Inflation Up, Oil Low, Gold Base</span> <div class="text-long">Silver is at downtrend line resistance and approaching the 50-day MA at $80. Above $80 and especially over $90 things ar…

Apr 13 13:03

Silver SeekTechnical Scoop: Inflation Up, Oil Low, Gold Base

Apr 13 13:03

Resource WorldFreegold Advances Golden Summit Toward Pre-Feasibility and Expands Technical Leadership Team

Key Highlights Six rigs planned (five active; additional rig to commence next month), supporting accelerated...…

Apr 13 12:42

Resource WorldFriedland warns about Strait of Hormuz impact on copper mining

Ivanhoe Mines Ltd. [IVN-TSX, IVPAF-OTC] Co-Chairman Robert Friedland has warned about the impact of the...…

Apr 13 12:23

Resource WorldPacific Ridge Announces Drilling Plans for the Kliyul and RDP Copper-Gold Projects

Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQW) (“Pacific Ridge” or the “Company”)...…

Apr 13 11:57

Bloomberg MarketsGoldman Shares Fall as Bond Trading Miss Outweighs Equity Record

Goldman Sachs Group Inc. shares fell after the bank reported a surprise drop in bond-trading revenue, casting a shadow over what was another record quarter from the firm’s equities team.…

Apr 13 11:27

Gold EagleGold Price Forecast: New Highs? Not Yet

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/christopher-aaron">Christopher Aaron</a> - April 13, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hid…

Apr 13 04:00

Gold EagleGold’s Steady Role vs Unsteady Headlines

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/matthew-piepenberg">Matthew Piepenberg</a> - April 13, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-h…

Apr 13 04:00

Gold EagleEggs Are Not Dairy; Crypto Is Not Money (Only Gold Is)

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/kelsey-williams">Kelsey Williams</a> - April 13, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"…

Apr 13 04:00

Gold EagleThe Strait's Still Closed, & Here's How Gold, Silver Reacted...

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/chris-marcus">Chris Marcus</a> - April 13, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div…

Apr 13 04:00

Gold EagleGold Stocks: The Next Leg Up Begins

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/morris-hubbartt">Morris Hubbartt</a> - April 13, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"…

Apr 13 04:00

Bloomberg MarketsStocks Inch Higher as US Blockades Hormuz: Markets Wrap

US stocks reversed earlier losses while oil prices rose after President Donald Trump ordered a blockade of the Strait of Hormuz following the weekend’s deadlock in US-Iran peace talks. Goldman Sachs Group Inc. shares dro…

Apr 12 22:08

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 12 18:24

Gold EagleGold Range Narrowing; Inflation Gauge Harrowing

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mark-mead-baillie">Mark Mead Baillie</a> - April 12, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hid…

Apr 12 04:00

Gold EagleCentral Bank Gold Buying Has Slowed But the Bullish Case Remains

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mike-maharrey">Mike Maharrey</a> - April 12, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><di…

Apr 12 04:00

Gold EagleConsidering Everything, the Market is Doing Okay

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/mark-j-lundeen">Mark J Lundeen</a> - April 12, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><…

Apr 12 04:00

Silver SeekThe Big 8 Commercial Shorts Continue to Cover

<span>The Big 8 Commercial Shorts Continue to Cover</span> <div class="text-long">Including all theirs, the derivatives/paper held in the precious metals...mostly on the short side...is an eye-watering 2+ T…

Apr 11 11:16

Gold EagleGold Price Exclusive Update - April 11, 2026

<div class="views-field-byline">By <a href="https://www.gold-eagle.com/authors/jack-chan">Jack Chan</a> - April 11, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class=…

Apr 11 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 11, 2026</div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class=…

Apr 11 04:00

Silver SeekCOT Silver Report - April 10, 2026

<span>COT Silver Report - April 10, 2026</span> <div class="text-long">Positions as of 7 April, 2026</div> <span><a href="https://silverseek.com/author/silver-cot-report" title="View user profile.">Si…

Apr 10 19:24

Ahead of the HerdGold Stocks’ Spring Rally ‘26

<a href="https://aheadoftheherd.com/gold-stocks-spring-rally-26/"><img align="center" alt="Gold Stocks’ Spring Rally ‘26" height="347" src="https://aheadoftheherd.com/wp-content/uploads/2025/03/619711040-Gold-Bar-with-St…

Apr 10 16:45