Silver price & history
Read the reference price, check the available history and understand what the number includes.
Silver retail reference
USD 80.69 per troy ounce
Conversion only; charts use USD/kg.
A supplier-based retail reference, not a spot benchmark or an order price.
- Source
- EarthRarest pricing feed.
- Quote date
- Unavailable. Confirm before ordering.
What can change the final price?
Product size, premiums, storage, delivery and applicable taxes affect the final quote. The displayed reference can include a configured markup. Ask for a dated quote showing all charges before committing.
Key Price Drivers
Solar and Industrial Demand
Industrial silver demand fell 3% in 2025; solar thrifting and substitution matter alongside growth in end markets
Persistent Supply Deficit
The April 2026 World Silver Survey forecasts another annual deficit in 2026; an estimated shortfall is not a price floor
Gold Correlation and Safe-Haven
Silver responds to both investment and industrial demand, with scope for sharp gains and losses
US Dollar and Interest Rates
A weaker dollar and falling real yields reduce the opportunity cost of holding silver
Learn more about silver, its key applications, and long-term investment potential in our guide to investing in silver.
Silver price context and outlook
Silver spent most of the early 2020s trading in a frustratingly tight range relative to gold, stuck between roughly $22 and $30 per ounce despite mounting supply deficits. The industrial demand story was building quietly underneath – solar panels, EVs, AI data center components, and power grid infrastructure were all steadily absorbing more of the white metal – but the price wasn’t reflecting it yet.
A strong silver rally still needs to be read alongside the demand data. The World Silver Survey 2026, published in April, records industrial use of 657.4 million ounces in 2025, down 3% from 2024. A rising price does not mean every source of consumption is growing.
Solar manufacturers are reducing silver use per cell and exploring substitutes. The April survey forecasts total industrial silver demand of 639.6 million ounces in 2026. More installed solar capacity can therefore coexist with lower metal consumption: track silver intensity as well as deployment.
For an investor, a supply deficit is one part of the case. Available inventories, recycling and investment flows can change the price response. Our reading: a deficit does not establish a minimum price or remove the possibility of losses. The physical silver investment guide weighs that demand story against volatility and ownership costs.
From interest to ownership
Know what you own.
Know what it costs.
A good investment case is only the start. The purchase documents, custody arrangement and route to resale matter just as much.
Choose the form
Compare the metal, bar or coin size, purity and premium. A smaller unit may be easier to sell in part, while its premium per ounce may be higher.
Check the ownership
Ask whether you own identified metal or hold a claim on a provider. Review custody records, insurance terms and the process for withdrawing or transferring it.
Price the whole journey
Compare the purchase premium, ongoing charges and a realistic resale quote. Ask about minimum fees, tax, currency conversion and delivery before committing.
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