Make sure to keep yourself updated on the latest price changes in the spot price of a troy ounce of silver on this page. We log the daily changes as well as values going far back into the past, so you can analyze the trends.
There are four data pieces below: a normal silver price chart, a historical silver performance chart, a historical annual performance chart, and finally a table detailing the spot price of all precious metals we sell.
The precious metals market may seem intimidating, but it’s not as it seems. Our team has worked hard to create a short and digestible guide so that you can learn how to make the best decisions for your future.
Oxford Gold Group’s silver price chart brings you the latest silver prices in the precious metals market. Use our live silver spot prices to evaluate a potential buying opportunity, purchase physical silver bullion at lower premiums, or sell silver during optimal market conditions.
Our silver chart concentrates all you need to know about the current price of silver. Changes are reflected on the live prices every few seconds. Apart from real-time prices, you can also use the silver price chart to view historical data and observe long-term trends in your chosen currency, like the U.S. Dollar, the Euro, and the British Pound.
Purchase silver coins and bars, gold, platinum, and palladium at the best value through Oxford Gold Group.
Silver price per ounce hovers around $20 right now. Silver price per gram is around $0.65. The silver spot prices fluctuate, so check our silver chart daily to keep up with the current price.
Many factors may influence silver price and relative value. As with all tradable goods, the key principle is supply and demand: high demand drives silver prices up, while increasing supply and falling demand make the spot price fall. Industrial shifts, investor trends, and the price of gold all influence silver spot price.
Apart from being an investment metal, silver is an important industrial commodity used in many high-tech products like digital devices and solar panels. New applications that use silver may raise its current value. As industry demand grows, silver prices rise.
The decisions of major financial institution investors, like trading concerns and exchange-traded funds, also influence the price of silver. Since the silver market is much smaller than the gold market, purchases or sales by individual investors have a more significant impact on prices.
Finally, silver prices are closely tied to gold prices. As the price of gold goes up, the silver spot price climbs as well. This price increase often happens during times of economic uncertainty and fiat currency devaluation, when people turn to hedge investments like precious metals.
If you plan to start investing in silver, you may wonder when the best time would be to purchase it. Will you get a better price by buying a few months earlier or later?
Statistically, the silver price is usually lowest in January and then climbs up throughout the year, with dips in March and late June. These times of the year, therefore, are best for acquiring silver holdings.
However, contrary to intangible investments like stocks or digital currency, silver preserves its value even through economic shifts and market crashes. Physical silver will always have worth, so even if you buy it at a comparatively high price, you will probably be able to gain on, or at least recoup, your investment if you hold on to your silver for a few years. Investing in silver is a long game that rewards patience, as prices tend to rise with time.
When you buy silver bars, rounds, or coins, it is vital to choose a reputable source to ensure that you get pure silver at reasonable prices. Beware of small online dealers or shady distributors who may sell counterfeit metal or poor-quality alloys with an inflated price tag.
Silver bullion bars will give you the highest amount of silver per dollar but have the disadvantage of lower marketability. Government-minted coins guarantee quality, have a set face value, and may interest coin collectors but also involve higher premiums. Rounds are a kind of medium: while they aren’t coins, they offer higher liquidity than silver in bar form.
Whatever form of silver bullion you buy, make sure that you invest in silver of a minimum .999 purity (99.9% silver), unless you buy old silver quarters, dimes, or Morgan dollars, which contain 90% silver. You can often find junk silver cheaply, but some collectible items may trade far above spot price. Keep in mind that buying rare coins is a form of speculation that may not pay off.
While one ounce equals 28.35 grams, one troy ounce, which is the standard measurement unit for precious metals, is 31.1 grams. All leading sellers list their silver, gold, and platinum offerings in troy ounces.
Although the origins of the troy weight systemaren’t completely clear, the term probably derives from the medieval French town of Troyes, a historical commercial center. King Henry II, a French-born monarch, introduced the troy ounce in England.
A troy pound equals 12 troy ounces, or 373.24 grams. This corresponds with the Latin term “uncia,” the predecessor of “ounce,” which means “one-twelfth.”
Similar to other precious metals like gold and platinum, investing in physical silver provides a safety hedge in uncertain economic times when paper currency loses value. You have several options for investing in tangible silver, from simply collecting a stash of silver coins to placing silver in self-directed IRAs.
Paper silver, on the other hand, is an intangible asset comprising silver futures, unallocated holdings, silver mining stocks, and other nonphysical forms of ownership.
Silver is much less expensive than gold per ounce or per gram, so the same amount in dollars will buy you a lot more metal. This has both pros and cons: while silver might appreciate in value more than gold, it also offers less stability and lower liquidity. Even in times of economic recession, gold is likely to keep its current value and attract buyers.
While it’s difficult to forecast the price of silver in a year, let alone five or ten years in advance, metals will always find their market. Investors make a pretty safe bet when they buy silver for a reasonable price.
The safest strategy for investors is usually to spread their investments across different assets. Diversifying your precious metal portfolio will help offset the effect of market shifts and price moves. Keep an eye on the silver chart from The Oxford Gold Group!
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