What is the Silver Price Today?

Scottsdale Mint’s silver price chart shows you the real-time spot price in the professional silver bullion market. You can then purchase at those same prices using Scottsdale Mint.

We give you the fastest updates online, with live data processed about every 10 seconds. There is no need to refresh your browser. This chart also gives you more than 30 years of historical data, so you can see the long-term trend. 

About Scottsdale Mint

Ever wonder what it takes to produce the world’s finest silver and gold bullion? Scottsdale Mint has been a trusted source for high-quality products since 2010. We have the facilities, wealth of knowledge, and experience to provide you with the best quality product available at an affordable price. We are proud to be a family-owned company that understands your needs as an investor and strive to meet them in every way possible.

You may be able to find gold and silver from drop-shippers and secondhand dealers, but you can only find the finest-quality precious metals at the source. Scottsdale Mint is one of only three mints operating in the United States.

We offer many ways to purchase silver and gold bullion, depending on your needs. You can securely purchase precious metals online, or you can call our customer service team at any time for assistance with an order. All products are shipped free of charge in the United States when you order over $500. If you’re not sure which coins are right for you, we’re happy to walk through the details.

What is the Spot Price of Silver?

When people talk about the silver spot price, they are referring to the price at which the metal may be exchanged and delivered upon now determined by the paper trading market.  In other words, the spot price is the price at which silver is currently trading in the paper market. Spot prices are often referenced in the silver and gold markets, but they also impact crude oil and other commodities. Price is in a never-ending flux of market discovery and is monitored by banks, financial institutions, dealers and retail investors.

All of the products on our website are priced based on a premium to spot price, and therefore you will notice that prices update every few seconds during market hours. This allows customers to invest based on the most up to date market conditions possible.

Silver Spot Price FAQ

How is the spot silver price calculated?

Silver is a commodity that trades virtually 24 hours per day across many exchanges such as New York, Chicago, London, Zurich and Hong Kong. The most important exchange, however, when it comes to determining the spot silver price is COMEX. The spot price of silver is calculated using the near term futures contract price. By near term, that may mean the front month contract or the nearest contract with the most volume.

How often does the spot silver price change?

The price of silver is constantly changing as silver is traded during market hours by millions of investors and businesses. Between domestic and foreign exchanges, spot silver prices update Sunday through Friday, from 6PM EST to 5:15PM EST each day. Spot prices remain static during that 45 minute down period from 5:15PM EST to 6PM EST each weekday, as well as from 5:15PM EST on Friday until 6PM EST on Sunday. The market can have many periods that are quite followed by highly volatile trading periods.

What currency is spot silver prices quoted in?

The silver spot price is usually quoted in U.S. dollars (USD). However, markets all over the world can trade the spot silver price in USD and then simply convert it into a local currency.

What exactly is the spot silver price referring to?

The spot silver price is quoting the current trading market price for 1 troy ounce of .999 fine silver.

Are spot silver prices the same all over the world?

Yes, the price of silver is the same all over the world. Silver is traded globally 24/7 from every corner of the world. Exchanges and markets all over the world can take the current spot silver price in USD and convert the price in USD to local currency.

Why can’t I buy silver at the spot silver price?

Silver is sold by dealers with a premium to the current spot price. When one is looking to sell metals to a dealer, the dealer may offer spot or slightly below the spot price for one’s metals.  When buying physical precious metals, there is an additional charge called the premium. The premium is the real world cost to take precious metals from the ground, refine it, and mint it into a final retail product. 

Even the refinery and mints do not buy silver at the spot price, they have premiums that they have to pay to acquire the physical metal above the spot price. These costs all get worked into the final retail price or premium.

What is the difference between bid and ask prices?

The bid price is the maximum offer available for a particular commodity at the present time. The ask price is the minimum asking price available for a particular commodity at the present time. More simply, if you want to buy, you will pay the ask price. If you want to sell, you will receive the bid price.

The difference between the two is referred to as the “bid-ask spread”, and often is a reliable indicator of an investment’s liquidity. The smaller the bid-ask spread is, the more liquid a commodity and the less “transaction fees” an investor will incur when getting into and out of investment positions.