Silver price today: Silver is up 2.96% today

BLUEPRINT

Published 10:15 a.m. UTC May 20, 2024

What is the current price of silver per ounce today?

The price of silver opened at $31.18 per ounce, as of 9 a.m. ET. That’s up 2.96% from the previous day’s silver price per ounce and up 30.33% since the beginning of the year.

The lowest trading price within the last day: $29.72 per ounce. The highest silver spot price in the last 24 hours: $32.51 per ounce.

Silver spot price

METAL	TODAY	24-HOUR CHANGE	YTD
Silver price per ounce	$31.18	2.96%	30.33%
Silver price per gram	$1.00	2.96%	30.33%

The spot silver price reflects what traders buy and sell silver for immediately, or on the spot. In contrast, the futures price reflects the price for silver delivered in later months.

The spot price for silver in the foreign exchange market is denoted as XAG/USD. Traders buy and sell silver 24/7 globally, so its price fluctuates constantly.

The price of XAG/USD reflects the value of one ounce of silver in U.S. dollars, and it is traded like traditional currency pairs. Because silver trades occur globally, investors can also track the spot price of silver in other currencies, such as XAG/EUR for euros and XAG/GBP for British pounds.

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