Silver Price Per Troy Ounce Today
Silver is trading at $68.05 per troy ounce as of June 13, 2026. The silver spot price reflects the current market rate at which silver can be bought, sold, or delivered immediately — updated continuously during trading hours across major exchanges like COMEX in New York, the London Bullion Market, and the Tokyo Commodity Exchange. The live figure at the top of this page always shows the current spot price.
This page covers the current silver spot price per troy ounce, silver price history, what's driving today's silver market, and how to use silver price data — whether you're an investor, refiner, jeweler, or scrap silver seller.
What Is the Silver Spot Price Per Troy Ounce?
The silver spot price is the price at which one troy ounce of silver trades right now, for immediate delivery. It is not a futures price. It reflects live buying and selling activity across global markets.
A troy ounce equals 31.10 grams. This is the standard unit used for all precious metals pricing, including gold, platinum, and palladium. When dealers, banks, and refiners quote a silver price, they quote it per troy ounce.
The spot price shifts constantly during market hours. It is determined by futures contracts trading on the New York Mercantile Exchange (COMEX) — the world's most active silver trading venue. The London Bullion Market also publishes a daily LBMA Silver Price, which many industrial buyers use as a reference for physical contracts.
Silver Price Per Troy Ounce — Snapshot (June 13, 2026)
The table below is a dated reference snapshot. For the current rate, use the live price at the top of this page.
| Unit | Price (USD) |
|---|---|
| 1 Troy Ounce | $68.05 |
| 1 Gram | $2.19 |
| 1 Kilogram | $2,187.86 |
| 1 Standard Ounce (avoirdupois) | $62.02 |
52-Week Range: $35.29 (low) — $121.64 (high)
Silver has moved dramatically over the past year. From a 52-week low of $35.29, the metal surged to $121.64 before pulling back to current levels. That's a range of over 240% between bottom and top — a clear sign of how volatile silver can be during periods of geopolitical stress and industrial demand shifts.
What's Moving Silver Prices Right Now
Silver rose sharply in mid-June 2026 on the back of U.S. military strikes against Iran and concerns about Strait of Hormuz shipping disruptions. On June 11, 2026, the silver price per troy ounce jumped to $68.06 — up over 7% from the prior close. As of June 12–13, 2026, silver has stabilized near $68.05.
Several forces are pushing silver higher over the medium term:
- Solar panel demand. Silver is a critical component in photovoltaic cells. As global solar installation capacity keeps expanding, industrial demand for silver keeps growing. This is not a cyclical demand — it's structural.
- Electric vehicles. Each EV uses more silver than a conventional vehicle, primarily in electrical contacts and battery management systems. Global EV sales volumes translate directly into silver demand.
- AI infrastructure. Data centers, semiconductors, and high-frequency electronics all rely on silver for its unmatched electrical conductivity. AI infrastructure buildout is accelerating silver consumption in a way that wasn't visible in demand models even three years ago.
- Supply deficits. Silver has been in a structural supply deficit for five consecutive years. The world's largest producers — Mexico, Peru, Australia, China, Poland, Russia, Canada, and the USA — cannot collectively produce enough silver to meet current demand. Around 70% of silver production occurs as a byproduct of copper, lead, and zinc mining, which limits how quickly supply can respond to price signals.
- U.S. dollar weakness. Silver, like gold, tends to move inversely to the U.S. dollar. A weaker dollar raises silver's purchasing power in dollar terms and attracts investors looking for a store of value outside fiat currencies.
Silver Price History
Silver has been valued by humans since approximately the 5th millennium B.C. The Egyptians called it the "lunar metal." Silver coins appeared in the 6th century B.C. — the Greeks produced the first widely used silver currency. Until the 20th century, silver was considered more economically significant than gold.
In modern markets, silver prices remained low through most of the late 20th century. From the early 2000s onward, prices climbed as industrial demand grew and investor interest in precious metals increased. The most dramatic run-up occurred after 2020, driven by a combination of pandemic monetary policy, the clean energy transition, and geopolitical instability.
Year-over-year as of June 2026, silver is up more than 75% — one of the strongest performances among major commodities.
Silver Price Forecast and Market Analysis
Silver price forecasts from major institutions like BofA and JPMorgan vary, but consensus leans bullish for the medium term. The structural supply deficit, combined with compounding industrial demand from solar, EVs, and AI infrastructure, creates a demand floor that has not existed in previous silver cycles.
Short-term risk factors include:
- Geopolitical de-escalation — if Iran tensions ease, the fear premium in silver could deflate quickly
- U.S. dollar strengthening — a stronger dollar typically pressures silver spot prices lower
- Equity market volatility — S&P 500 and Nasdaq sell-offs sometimes trigger silver liquidation as investors raise cash
Silver's 52-week high of $121.64 per troy ounce demonstrates the metal's capacity for violent upside moves. Zacks analysts have noted that the silver rally also faces periodic pressure, with some traders using inverse ETFs to position against short-term pullbacks. Avino Silver (ASM) and Liberty Silver (BHLL) are among the silver miners Wall Street analysts are watching closely.
Silver as an Investment
Investors use silver as a hedge against inflation, U.S. dollar devaluation, and stock market volatility. Since the start of the 21st century, silver prices have trended higher overall, though with significant volatility along the way.
Physical silver bullion is available in three main forms:
- Bars. Silver bullion bars carry the lowest premiums over spot price, making them efficient for large purchases. They range from 1 oz to 1,000 oz (roughly 32 kg).
- Coins. Government-minted silver coins like the American Silver Eagle or Canadian Maple Leaf carry higher premiums than bars but are more liquid and easier to sell.
- Rounds. Private mint rounds look like coins but carry no face value. They typically carry lower premiums than government coins.
Paper silver — ETFs and certificates — lets investors gain silver price exposure without holding the physical metal. A silver ETF holds silver on the investor's behalf. This is simpler to buy and sell than physical silver, but the investor never takes delivery of the actual metal.
For scrap silver sellers, the spot price per troy ounce is the starting reference. Dealers typically pay a percentage of spot (often 70–90% for scrap, depending on purity and form).
Silver Price by Unit — Conversion Table
| Conversion | Equivalent |
|---|---|
| 1 Troy Ounce | 31.10 grams |
| 1 Troy Ounce | 1.097 avoirdupois ounces |
| 1 Troy Ounce | 0.031 kilograms |
| Silver per gram (snapshot) | $2.19 USD |
| Silver per kilogram (snapshot) | $2,187.86 USD |
These conversions matter for industrial buyers, jewelers, and refiners who buy or sell silver in non-troy-ounce units. The silver price per gram is commonly used for small jewelry purchases. Refiners and industrial buyers typically transact in kilograms.
Where Silver Trades
The main trading venues for silver are:
- New York Mercantile Exchange (COMEX) — the dominant global futures market for silver
- London Bullion Market — sets the LBMA Silver Price twice daily, used widely in physical contracts
- Tokyo Commodity Exchange — primary Asian futures trading venue for silver
- Chicago Board of Trade — secondary U.S. venue for commodity futures
The total silver traded daily across these exchanges amounts to tens of billions of dollars in notional value.
Silver vs. Other Precious Metals (June 13, 2026)
| Metal | Price (USD per Troy Oz) |
|---|---|
| Gold | $4,215.28 |
| Silver | $68.05 |
| Platinum | $1,711.50 |
| Palladium | $1,295.50 |
The gold-to-silver ratio in this snapshot sits at approximately 61.9 — meaning one ounce of gold buys roughly 62 ounces of silver. Historically, this ratio averages around 60–80. A ratio above 80 has often signaled that silver is undervalued relative to gold.
Silver's Industrial Role
Silver is unique among precious metals for its industrial utility. It has higher electrical and thermal conductivity than any other metal, including copper. It also has the highest optical reflectivity of any element.
Key industrial uses:
- Electronics — circuit boards, semiconductors, contacts, switches
- Solar energy — photovoltaic cells (silver paste on solar panels)
- Medical — antimicrobial coatings, wound dressings, pharmaceuticals
- Photography — though declining, silver halides are still used in specialty applications
- Jewelry and cutlery — silver is typically alloyed with copper since pure silver is too soft for durable use
In 2007, 23% of world silver output went to U.S. industrial use, 16% to India and Japan combined, and 7% to Italy. Those proportions have shifted significantly since — solar and EV demand now account for a growing share of total consumption.
Only around 20,000 tonnes of silver are produced per year globally. Much of it comes as a byproduct of base metal mining, which means silver supply cannot easily scale up in response to higher prices the way a dedicated silver mine could.
Silver Price Per Troy Ounce — FAQ
The live silver spot price per troy ounce in USD is shown at the top of this page, updated hourly from COMEX and the London Bullion Market. The June 13, 2026 reference snapshot was $68.05 per troy ounce.
The silver price is set globally in USD. To get the UK price (GBP per troy ounce), divide the USD spot price by the current GBP/USD exchange rate. At a rate of approximately 1.27, a $68.05 spot price gives roughly £53.58 per troy ounce.
At a USD/CAD rate of approximately 1.36, a $68.05 spot price is roughly C$92.55 per troy ounce.
See the live price at the top of this page. The June 13, 2026 reference snapshot was $68.05 USD per troy ounce.
A troy ounce is 31.10 grams. A standard (avoirdupois) ounce is 28.35 grams. Silver — and all precious metals — are always priced in troy ounces.
Silver trades nearly 23 hours a day across global futures markets. Supply and demand factors, currency moves, geopolitical news, and macro data releases all shift the silver spot price in real time.
Silver has risen over 75% year-over-year as of June 2026, driven by supply deficits and industrial demand. Whether it's right for any individual depends on their portfolio, risk tolerance, and investment timeline. Silver is more volatile than gold.
Summary
The silver price per troy ounce is shown live at the top of this page (June 13, 2026 reference snapshot: $68.05 USD). Silver spot price data updates continuously during market hours across COMEX, the London Bullion Market, and other exchanges.
Silver is in its fifth consecutive year of supply deficit. Industrial demand from solar panels, electric vehicles, and AI infrastructure continues to outpace production from the world's top mining countries — Mexico, Peru, Australia, and others. Geopolitical events, particularly the Iran situation and Strait of Hormuz disruptions, are adding a short-term risk premium to silver prices.
For investors, silver remains a widely used hedge against inflation and U.S. dollar weakness. For industrial buyers and refiners, the silver price per troy ounce is the core reference rate from which all physical silver contracts are priced.
Use our silver melt value calculator to convert today's silver spot price into grams, kilograms, or any purity level for scrap silver valuation, or see the full market snapshot on silver prices today.