Silver Price Per Ounce Today
Live silver spot price per troy ounce, updated every hour from global commodity markets. Includes full unit conversion to grams, kilograms, and pennyweight with historical context.
Silver Price Per Ounce — Today's Movement
Key price points for silver per troy ounce over the last 24 hours.
Silver Price Per Ounce: Full Unit Breakdown
Today's live spot price converted to every common weight unit used by traders and sellers.
Troy Ounce vs Regular Ounce: The Critical Difference for Silver
Every silver price quoted per ounce uses the troy ounce — not the standard (avoirdupois) ounce used for everyday items. These two units differ by almost 10%, and confusing them is a costly mistake when valuing silver.
⚖️ Troy Ounce — The Silver Standard
- 1 troy lb = 12 troy oz (not 16)
- Standard for gold, silver, platinum globally
- All COMEX and LBMA pricing uses troy oz
- 1 troy oz = 1.09714 avoirdupois oz
🧴 Standard Ounce (Avoirdupois)
- 1 standard lb = 16 oz
- Used for groceries, shipping, body weight
- Never used in precious metals pricing
- 1 avdp oz = 0.91146 troy oz
The bottom line: When a coin shop or refiner quotes silver at $—/oz, they mean per troy ounce. If you calculate with 28.35g instead of 31.1035g, you undervalue every ounce by 9.7%. Our scrap calculator always uses the correct troy ounce, so you'll never make this error.
How to Calculate Silver Value Using Today's Per-Ounce Price
Four steps from weighing your silver to an accurate melt value using today's live spot price.
Weigh in Grams
Use a digital scale accurate to at least 0.1g. Weigh each item separately. Kitchen scales work for large pieces; a jewelry scale is better for rings and small items.
Convert to Troy Ounces
Divide grams by 31.1035. This is the critical step — using 28.35 (the standard oz) will produce a wrong answer and undervalue your silver by nearly 10%.
Apply the Purity Factor
Multiply by the purity decimal: 0.999 for fine silver, 0.925 for sterling, 0.900 for US coin silver, or 0.800 for European silver.
Multiply by Today's Price
Multiply pure silver troy ounces by the live spot price shown at the top of this page. The result is your melt value before any dealer discount.
Common Silver Items at Today's Per-Ounce Price
Melt values calculated at today's live spot rate — updated automatically.
Silver Price Per Ounce — Historical Benchmarks
Key price milestones to put today's per-ounce price in perspective.
Is Today's Silver Price Per Ounce High or Low?
At $—/troy oz, today's silver price is — the 10-year average of ~$21.40/oz. The structural case for silver is stronger than it was a decade ago: solar panel manufacturing alone now consumes over 200 million troy ounces of silver per year, and that demand is growing. While prices can pull back on dollar strength or investment outflows, the industrial floor under silver is substantially higher than it was pre-2020.
Calculate Your Silver's Exact Value Per Ounce
Enter your item's weight and purity for an instant melt value using today's live per-ounce spot price.
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Value your 925 sterling silver at today's price per oz.
Weight Converter
Convert troy oz, grams, pennyweight, and tola instantly.
Silver Purity Chart
Reference guide for all silver purity grades and hallmarks.
Silver Price Per Ounce: Frequently Asked Questions
Today's silver price per troy ounce is displayed live at the top of this page, refreshed every hour from global commodity exchanges including COMEX. It reflects the spot market price for 999 fine silver in US dollars — the same reference price used by refineries, bullion dealers, and commodity traders worldwide.
Silver is always priced in troy ounces (31.1035g), never in standard avoirdupois ounces (28.3495g). The troy system has been the global standard for precious metals since the Middle Ages. Using the wrong ounce type creates a 9.7% calculation error — always divide by 31.1035 when converting silver price from ounces to grams.
Divide the troy ounce spot price by 31.1035 to get the price per gram of pure 999 silver. For purity-adjusted prices, multiply the result by the purity decimal (0.925 for sterling, 0.900 for coin silver, etc.). Our unit conversion table above shows all values live at today's spot rate.
The troy system dates to medieval Troyes, France — a major trading hub where European merchants standardized precious metal weights long before the metric system existed. When commodity exchanges formalized in the 19th and 20th centuries, they inherited this convention. The troy ounce remains the global de facto standard for gold, silver, and platinum pricing to this day.
The nominal all-time high was $49.51 per troy ounce on April 25, 2011, driven by speculative investment demand. In real inflation-adjusted terms, the 1980 peak (around $48/oz) equates to over $170 in 2026 dollars, making it the true historical record. The 2011 high remains the benchmark for modern nominal pricing discussions.
There are exactly 31.1035 grams in one troy ounce of silver. This is the conversion factor used by every commodity exchange, refinery, and silver dealer worldwide. A 1 oz American Silver Eagle coin, for example, contains exactly 31.1035g of 0.999 fine silver.