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Monetary metal with powerful industrial demand.
Silver Spot Price
$93.31
per troy ounce
At today's spot price of $93.31/oz
Per Ounce
$93.31
Per Gram
$3.00
Per Kilogram
$2,999.98
Per Pennyweight
$4.67
Historical Price
7-Day Range
$86.52 – $93.31
30-Day Range
$73.45 – $93.31
Current Price
$93.31
Silver occupies a unique position among precious metals as both a monetary asset and an essential industrial commodity. Roughly 50% of annual silver demand comes from industrial applications — electronics, solar panels, medical devices, water purification, and electric vehicles. This dual nature makes silver more volatile than gold but potentially more responsive to economic growth.
The silver spot price is quoted in US dollars per troy ounce on commodities exchanges. Silver tends to move in the same direction as gold but with greater amplitude — it rises more in bull markets and falls more in bear markets. The gold-to-silver ratio (gold price divided by silver price) is a widely watched metric that historically averages around 65:1.
Physical silver is available as bars (1 oz to 1,000 oz), coins (American Silver Eagle, Canadian Maple Leaf), rounds, and pre-1965 U.S. junk silver coins (90% silver content). Unlike gold, silver's lower price per ounce makes it accessible for small investors and useful for potential barter scenarios.
Divide the silver spot price per troy ounce by 31.1035. For example, at $30/oz, silver costs approximately $0.96 per gram. See our conversion table above for instant pricing in multiple units.
Silver is more abundant in the Earth's crust and has much higher annual mine production than gold. The gold-to-silver ratio fluctuates but has averaged around 65:1 historically. Some investors view silver as undervalued when this ratio exceeds 80:1.
Historically, yes. Silver has maintained purchasing power over centuries, though it can be more volatile than gold in the short term. Its industrial demand component means it can benefit from economic growth as well as inflation hedging.
Junk silver refers to pre-1965 U.S. dimes, quarters, half dollars, and dollars that contain 90% silver. They are called 'junk' because they have no numismatic premium — their value comes solely from silver content. They're popular for their divisibility and recognizability.
A pre-1965 Morgan or Peace silver dollar contains 0.7734 troy ounces of pure silver (90% of the 0.8594 oz total weight). At today's spot price, you can calculate its melt value using our Silver Calculator.
Gold Value Calculator
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Silver Value Calculator
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Junk Silver Calculator
Pre-1965 coin silver melt values
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Gold/Silver Ratio
Track the ratio with historical charts
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