Silver Price Today - Real-Time Quote

International silver quotes updated every minute

Spot Price

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Price per Gram

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Price per Kilogram

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What is Silver and Why Does It Have Value?

Silver is a precious metal with multiple industrial, commercial, and investment applications. Its value comes from its relative scarcity, unique properties (best electrical and thermal conductor of all metals), and constant demand across various sectors.

Main Uses of Silver

Industrial (50%)

Electronics, solar panels, batteries, medical technology, water purification

Jewelry (25%)

Rings, necklaces, earrings, and decorative objects in .925 silver (sterling silver)

Investment (25%)

Bars, investment coins, ETFs, and funds backed by physical silver

Origin of Silver's Value

Scarcity and Demand

Finite resource with growing demand, especially in green and renewable technologies

Unique Properties

Highest electrical and thermal conductivity, antibacterial properties, and exceptional reflectivity

Industrial Demand

Irreplaceable in many modern technological applications, from smartphones to solar panels

Factors Affecting the Price

  • Industrial and technological demand
  • Gold/silver ratio (historical ratio 1:60-80)
  • US dollar value
  • Global economic situation
  • Mining production and recycling

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Major Silver Producing Countries

Global silver production is concentrated in a few key regions:

Mexico

World leader in silver production, accounting for approximately 23% of global output. The mines of Zacatecas, Chihuahua, and Durango are the most important.

China

Second-largest producer with 13% of production. Silver is mainly extracted as a by-product from lead and zinc mines.

Peru

Third-largest producer, contributing 12% of global production. The Cerro de Pasco and Antamina mines are notable.

Australia

Fourth producer with 5% of world production, mainly in New South Wales and Queensland.

Chile

Important Latin American producer, silver is extracted as a by-product from large copper mines.

Russia

Significant producer with mines in Siberia and the Urals.

Bolivia

Rich mining tradition, especially at the historic Potosí mine.

Poland

Largest silver producer in Europe, with mines in the Silesia region.

Frequently Asked Questions About Silver

Why is silver valuable?

Silver is valuable for three main reasons: (1) It's a scarce and finite resource, (2) It has unique properties that make it indispensable in many industries (highest electrical conductivity of all metals, antibacterial properties), and (3) It has constant demand as an investment and store of value. Approximately 50% of demand comes from the industrial sector, making it less speculative than gold.

How is silver price determined?

Silver price is determined in global markets such as COMEX (New York) and London Bullion Market. Key factors include: industrial demand (especially green technology), gold/silver ratio (historically 1:60-80), dollar value, mining production, and investor sentiment. Unlike gold, silver has much greater industrial use, which increases its price volatility.

Is silver a good investment?

Silver can be a good investment as part of a diversified portfolio. Advantages: more accessible than gold, high industrial demand, inflation hedge. Disadvantages: more volatile than gold, requires more storage space, and may have higher transaction costs. Many investors use the 70/30 or 60/40 (gold/silver) rule to diversify their precious metals.

What's the difference between investing in silver vs gold?

Main differences: (1) Price: silver is more affordable (~$110/oz vs ~$5,070/oz for gold), (2) Volatility: silver is more volatile, which can mean higher gains but also higher risks, (3) Use: gold is mainly a store of value, while silver has greater industrial demand (50% vs 10% for gold), (4) Current ratio: approximately 46 ounces of silver are needed to buy 1 ounce of gold. Silver is considered 'the common man's gold' due to its accessibility.

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