Precious metals · XAG

Silver price

US$75.58 / troy ounce
≈ €64.28 ≈ £56.33 Unchanged 24h 50% within the 52-week range
FX Editorial Team · Data updated: · Editorially verified
Silver (XAG) price today US$75.58 / troy ounce, ↑ +0.00% (24h)

Silver chart

Interactive chart and 30-day overview

7 days
▼ −0.60%
−US$0.4600
30 days
▼ −2.72%
−US$2.11
1 year
▲ +125.75%
+US$42.10
52-week range
US$32.68 50% US$118.70
Silver (XAG) 30-day price chart — USD, EUR, GBP

The Silver chart shows how the silver price has moved over time. The interactive view lets you switch the timeframe (from 7 days up to MAX), the currency (USD / EUR / GBP) and overlay moving averages. Click any two points to measure the percentage change between those dates.

What drives the price of silver?

Silver is a dual-purpose asset: both a precious metal and an industrial raw material. Almost half of annual global use — about 50%, according to the Silver Institute — goes to industrial applications: solar panels (photovoltaic cells), electronics, automotive electrical systems, brazing alloys, medical devices and 5G network components. The rest is split between jewellery, silverware and investment demand, including coins, bars and exchange-traded products. This structure helps explain why silver is more sensitive to the global industrial cycle than gold.

Supply is driven by mine production and recycling. Annual global mine output is around 25,000 tonnes. Mexico is the largest producer, followed by China and Peru. A structural feature of the market is that 70-80% of mined silver comes to the surface as a by-product of copper, lead and zinc mines. Silver supply is therefore tied to base-metals markets and does not respond flexibly to a rise in the silver price. The Silver Institute has recorded a structural deficit in the market for several years, with demand exceeding primary supply.

On the monetary side, silver is influenced by real interest rates, the strength of the dollar and inflation expectations — similar to gold, but usually with larger price swings. Market participants often refer to the gold-silver ratio: the number of ounces of silver needed to buy one ounce of gold. The long-run average is around 60-70, but the ratio can move from 30 to above 100 in extreme market conditions. It is a common reference point for the relative valuation of the two metals.

How to invest in silver

European retail investors can access the silver market through several routes: physical coins and bars from regulated bullion dealers, such as The Royal Mint in the UK, BullionVault or GoldMoney; exchange-traded products, including European silver ETCs; shares in silver miners and streamers, such as Pan American Silver, First Majestic Silver and Wheaton Precious Metals; and futures or CFD positions. Paper-based exposure avoids physical storage costs and dealer premiums, but investors do not own physical metal. Two regulated brokers where European silver ETCs, silver-mining shares and XAG/USD CFDs are available:

30-day price history

Chart and daily closing prices

Silver (XAG) 30-day price chart — USD, EUR, GBP

Daily close

30 trading days

Date Price (USD) Price (EUR) Price (GBP) Daily change
23 May 2026 US$75.58 €64.28 £56.33 ▼ −0.49%
22 May 2026 US$75.95 €64.59 £56.61 ▲ +0.45%
21 May 2026 US$75.61 €64.30 £56.35 ▼ −0.21%
20 May 2026 US$75.77 €64.44 £56.47 ▲ +1.66%
19 May 2026 US$74.53 €63.39 £55.55 ▼ −3.07%
18 May 2026 US$76.89 €65.39 £57.31 ▲ +1.12%
16 May 2026 US$76.04 €64.67 £56.67 ▼ −0.39%
15 May 2026 US$76.34 €64.92 £56.90 ▼ −10.17%
14 May 2026 US$84.98 €72.27 £63.34 ▼ −4.31%
13 May 2026 US$88.81 €75.53 £66.19 ▲ +5.51%
12 May 2026 US$84.17 €71.58 £62.73 ▼ −2.07%
11 May 2026 US$85.95 €73.10 £64.06 ▲ +6.92%
10 May 2026 US$80.39 €68.37 £59.91 ▲ +4.38%
6 May 2026 US$77.02 €65.50 £57.40 ▲ +4.75%
5 May 2026 US$73.53 €62.54 £54.80 ▲ +0.84%
4 May 2026 US$72.92 €62.02 £54.35 ▼ −3.31%
2 May 2026 US$75.42 €64.14 £56.21 ▼ −0.96%
1 May 2026 US$76.15 €64.76 £56.75 ▲ +4.03%
30 Apr 2026 US$73.20 €62.25 £54.56 ▲ +0.01%
29 Apr 2026 US$73.19 €62.25 £54.55 ▼ −3.38%
28 Apr 2026 US$75.75 €64.42 £56.46 ▲ +1.01%
27 Apr 2026 US$74.99 €63.78 £55.89 ▼ −1.02%
25 Apr 2026 US$75.76 €64.43 £56.46 ▼ −2.48%
22 Apr 2026 US$77.69 €66.07 £57.90 ▼ −1.38%
21 Apr 2026 US$78.78 €67.00 £58.71 ▼ −0.87%
20 Apr 2026 US$79.47 €67.59 £59.23 —

Silver: frequently asked questions

Why is silver priced in troy ounces? +
The troy ounce (1 T.oz = 31.1035 g) is a unit of measurement that traces its origins to the medieval Champagne fairs and the French city of Troyes. It is now used almost exclusively in precious-metals markets. The LBMA Silver Price in London and COMEX silver futures in New York are both quoted per troy ounce. Retail dealers then convert that price into grams and kilograms.
How much does one gram of silver cost if the ounce price is 30 dollars? +
The conversion is simple: 30 USD / 31.1035 g ≈ 0.96 USD per gram at the spot price. The raw metal value of a 10 gram bar is about 9.6 USD, while a 1 kg bar is about 965 USD. Retail prices from regulated dealers also include mint premiums, dealer margins and any applicable taxes. The actual purchase price for smaller bars and coins can be 1.3-1.8 times the spot value.
What is the gold-silver ratio? +
The gold-silver ratio shows how many ounces of silver are needed to buy one ounce of gold. It is calculated by dividing the gold price per ounce by the silver price per ounce. The long-run average is around 60-70, but in extreme market conditions it can move from about 30 to above 100. Precious-metals market participants use it as a reference point for the relative valuation of the two metals.
Why is physical silver often taxed differently from gold? +
Tax treatment varies by jurisdiction; consult a local tax adviser.
How large is annual global silver production? +
According to the USGS Mineral Commodity Summaries and the Silver Institute, annual global mine output is around 25,000 tonnes. Mexico is the largest producer, at about 6,000 tonnes a year, followed by China and Peru. Some 70-80% of mined silver comes as a by-product of copper, lead and zinc mines, so supply tends to respond inflexibly to price changes.
Why is silver more volatile than gold? +
There are two main reasons. First, the silver market is much smaller than the gold market, with a total market value that is only a fraction of gold’s. The same amount of capital can therefore move the price more sharply. Second, almost half of demand is industrial, including solar panels, electronics and 5G components, which makes the price sensitive to the global business cycle. Together, these effects usually lead to larger daily moves than in gold.
ETC, mining share or physical silver — what are the differences? +
Each has a different risk-return profile. Physical silver, such as coins and bars, is the traditional tangible holding, but it involves dealer premiums, storage costs and any applicable taxes. A silver ETC tracks the spot price without the need to store metal directly and usually charges a management fee. Silver-mining shares, such as Pan American, First Majestic and Wheaton, are leveraged to the silver price, but they also carry company-specific risk and higher volatility.
What is the streaming/royalty model used by Wheaton Precious Metals? +
Wheaton Precious Metals is not a mining company. It is a streaming company: it pays a mining company upfront and, in return, receives the right to buy part of the future metal output at a pre-agreed discounted price. This gives investors exposure to silver-price movements while much of the operating risk of mining, such as strikes, accidents or mine closures, remains with the partner company. Toronto-listed Wheaton is one of the best-known companies using this model.

More precious metals

Gold
US$4,510
troy ounce
Platinum
US$1,940
troy ounce
Palladium
US$1,369
troy ounce
Rhodium
US$9,650
troy ounce
Data sources: LBMA Silver Price (London Bullion Market Association) · The Silver Institute — World Silver Survey · USGS Mineral Commodity Summaries — Silver · CME Group — COMEX Silver Futures