Silver Price Today (XAG/USD)
Live spot price · Historical charts · Inflation-adjusted price · Industrial demand · Physical buy calculator
Real price in 2024 USD, adjusted for US CPI. Note: Silver's 1980 ATH of $49.51 equals ~$180 in today's money. Source: US Bureau of Labor Statistics / Silver Institute.
Average monthly return based on 10-year historical data. Silver is more volatile than gold. Past performance is not indicative of future results.
| Sector | Demand (Moz) | Share | |
|---|---|---|---|
| Photovoltaics (Solar) | 232 Moz | ||
| Electronics & Electrical | 198 Moz | ||
| Automotive (EVs) | 87 Moz | ||
| Medical & Biocides | 42 Moz | ||
| Brazing & Soldering | 55 Moz | ||
| Jewellery & Silverware | 194 Moz | ||
| Physical Investment | 243 Moz |
Source: Silver Institute – World Silver Survey 2025. Total demand: ~1,051 Moz. Solar demand grew +64% since 2022 driven by global PV installations.
ETF holdings as of Feb 2026. Source: Silver Institute / ETF providers. Holdings in metric tonnes. Total silver ETF holdings globally: ~22,000 t.
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Estimated retail prices including typical dealer premiums. Actual prices may vary.
Silver Price Today – Everything You Need to Know
Numexo.io provides the silver price today in real time, sourced from Yahoo Finance (COMEX Silver Futures, SI=F) and updated every 5 minutes. The silver spot price (XAG/USD) is the benchmark price for one troy ounce of 99.9% pure silver for immediate delivery, as traded on the global over-the-counter (OTC) market and major exchanges including COMEX (New York) and the London Bullion Market Association (LBMA).
Silver Price History & All-Time Highs
Silver's all-time high of $49.51/oz was reached in January 1980 during the Hunt Brothers' attempted corner of the silver market. In inflation-adjusted terms, this equals approximately $180 in today's money. Silver reached a modern high of $49.82 in April 2011 during the post-financial-crisis commodities boom. In 2025–2026, silver has been trading in the $28–$35 range, supported by strong industrial demand from the solar energy sector and renewed investment interest.
Silver as an Industrial Metal
Unlike gold, which is primarily a monetary and investment metal, approximately 55% of silver demand comes from industrial applications. The most important driver is the photovoltaic (solar) industry, which consumed over 230 million troy ounces in 2025 – a figure that has grown by 64% since 2022. Electric vehicles, 5G infrastructure, medical devices and water purification all rely on silver's unique combination of electrical conductivity, antibacterial properties and reflectivity.
Silver ETFs & Investment Vehicles
The largest silver ETF globally is the iShares Silver Trust (SLV) with approximately 14,800 tonnes of silver in custody. European investors often use WisdomTree Physical Silver (PHAG) or Xetra-listed products. Unlike gold ETFs, silver ETFs hold a much larger physical inventory relative to annual mine supply, making them a significant factor in the silver market.
Silver vs. Gold – The Gold/Silver Ratio
The gold/silver ratio is one of the most-watched metrics in precious metals investing. At a ratio above 80, many investors consider silver to be historically cheap relative to gold. The ratio has been elevated since 2015, suggesting that silver may offer better value than gold on a relative basis. However, silver's higher volatility means it can fall further than gold in risk-off environments.
For more precious metals data, visit our Precious Metals overview, the Gold price page, or use the Gold/Silver Ratio Calculator.