Silver Price

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Live Prices as of: October 8th 2024 03:41:06 PM
Last LBMA Price Update: October 8th 2024 07:41:06 PM

Silver Price | 24 hours

Summarized Silver Price Table

# Date/Time Price
1 01:00 AM $32.26 USD
2 01:00 PM $31.18 USD

Detailed Silver Price Table

# Date/Time Price
1 01:00 AM $32.25 USD
2 07:00 AM $31.97 USD
3 01:00 PM $31.74 USD
4 07:00 PM $31.70 USD
5 01:00 AM $31.45 USD
6 07:00 AM $31.12 USD
7 01:00 PM $31.18 USD
8 07:00 PM $30.49 USD

Silver Price | 15 Days

Summarized Silver Price Table

# Date/Time Price
1 09/24/2024 $31.22 USD
2 09/28/2024 $31.61 USD
3 10/02/2024 $31.65 USD
4 10/06/2024 $32.21 USD

Detailed Silver Price Table

# Date/Time Price
1 09/24 $31.21 USD
2 09/25 $31.88 USD
3 09/26 $32.01 USD
4 09/27 $31.82 USD
5 09/28 $31.60 USD
6 09/29 $31.61 USD
7 09/30 $31.35 USD
8 10/01 $31.41 USD
9 10/02 $31.65 USD
10 10/03 $31.75 USD
11 10/04 $32.08 USD
12 10/05 $32.20 USD
13 10/06 $32.20 USD
14 10/07 $31.91 USD
15 10/08 $31.06 USD

Silver Price | 3 Months

Summarized Silver Price Table

# Date/Time Price
1 08/01/2024 $28.71 USD
2 08/18/2024 $25.24 USD
3 09/08/2024 $29.01 USD
4 09/29/2024 $31.49 USD

Detailed Silver Price Table

# Date/Time Price
1 08/01 $28.70 USD
2 08/04 $27.43 USD
3 08/11 $28.03 USD
4 08/18 $25.23 USD
5 08/25 $29.53 USD
6 09/01 $28.42 USD
7 09/08 $29.01 USD
8 09/15 $30.81 USD
9 09/22 $31.50 USD
10 09/29 $31.48 USD
11 10/01 $31.82 USD
12 10/06 $31.72 USD

Silver Price | 12 Months

Summarized Silver Price Table

# Date/Time Price
1 11/23 $23.42 USD
2 12/23 $24.03 USD
3 01/24 $22.97 USD
4 02/24 $22.75 USD
5 03/24 $24.47 USD
6 04/24 $27.55 USD
7 05/24 $29.32 USD
8 06/24 $29.62 USD
9 07/24 $29.78 USD
10 08/24 $27.67 USD
11 09/24 $30.03 USD
12 10/24 $31.79 USD

Detailed Silver Price Table

# Date/Time Price
1 09/30 $22.27 USD
2 10/15 $22.77 USD
3 10/30 $23.24 USD
4 11/15 $23.28 USD
5 11/30 $25.08 USD
6 12/15 $24.05 USD
7 12/30 $23.78 USD
8 01/15 $23.21 USD
9 01/30 $23.15 USD
10 02/15 $22.61 USD
11 03/15 $25.08 USD
12 03/30 $24.97 USD
13 04/15 $28.41 USD
14 04/30 $26.68 USD
15 05/15 $28.96 USD
16 05/30 $31.50 USD
17 06/15 $29.56 USD
18 06/30 $29.14 USD
19 07/15 $30.66 USD
20 07/30 $27.97 USD
21 08/15 $28.04 USD
22 08/30 $29.31 USD
23 09/15 $30.72 USD
24 09/30 $31.35 USD

Silver Price | 5 Years

Summarized Silver Price Table

# Date/Time Price
1 2020 $17.17 USD
2 2021 $24.17 USD
3 2022 $21.66 USD
4 2023 $23.38 USD
5 2024 $27.28 USD

Detailed Silver Price Table

# Date/Time Price
1 12/19 $17.26 USD
2 06/20 $17.68 USD
3 12/20 $25.14 USD
4 06/21 $26.87 USD
5 12/21 $22.53 USD
6 06/22 $21.59 USD
7 12/22 $23.36 USD
8 06/23 $23.47 USD
9 12/23 $24.03 USD
10 06/24 $29.61 USD

Custom Silver Price Dates

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How Are Silver Prices Calculated?

silvereagleSimilar to gold, silver enjoys a distinction of having being used a fiat currency and as a monetary standard for centuries (and perhaps longer). Silver is an important investment commodity that can be traded in bars, coins, futures contracts, exchange-traded products, and others.

As a bullion metal, silver tends to be more flexible than gold in the sense that purchasing, collecting and trading mint pieces such as coins and small bars is easier. There is also a direct correlation to gold in the form of a ratio; specifically, the silver market tracks the gold market, a factor known as the crustal ratio.

For the most part, silver prices are calculated by the supply and demand created by the COMEX, which is a futures contract market affiliated with the New York Mercantile Exchange (Nymex,) which is in turn operated by the CME Group. This calculation is based on analysis market activity.

Who Sets the Price of Silver and When?

preciousmetalpricestableThe spot price of silver is set by bullion dealers in the major markets such as New York, Chicago, London, Zurich, Hong Kong, etc. This price tends to be close to the minimum that major industrial players will pay to acquire silver for their needs. These days, spot silver prices are updated in real-time around the clock. Futures contract pricing, which is only slightly higher than spot pricing, is set by COMEX software during trading sessions, which these days continue after hours.

What Factors Affect the Price of Silver

Like other major commodities, silver is affected by supply, demand, speculation, investor sentiments, and geopolitical events. Just like gold, the value of silver goes up when the dollar is doing well, and goes down when the dollar (read: economy) is weak.

How is Silver Used in Today's World of Industry?

More than 40 percent of silver is used in industrial settings these days; the rest is used for minting, jewelry and investment purposes.

FTC Disclosure: We are an independent blog that aims at providing useful information for retirement account owners interested in alternative assets like precious metals. However, our content does NOT constitute financial advice. Please speak to your financial advisor before making any investment decision. Also, the data quoted on this website represents past performance and does not guarantee future results.

 

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