Price of Silver per Ounce Today: Live Rates, Charts & Complete Guide 2026
Price of silver per ounce today — the most searched precious metals question after gold, and in May 2026 the answer is more extraordinary than at almost any point in silver’s modern trading history.
Silver has risen over 130% in the past 12 months — from approximately $33/oz in May 2025 to its current range of $73–$77 per troy ounce — a performance that has turned silver from a niche industrial metal hedge into one of the most discussed investment assets on earth.
Whether you are a first-time buyer asking what the current silver price per ounce is, an investor tracking the live silver spot price for a purchase decision, or a researcher comparing silver prices across currencies and weight units, this comprehensive 2026 guide gives you every number, every context, and every driver you need.
Silver Price per Ounce Right Now — Live May 2026
As of May 29, 2026 at 7:59 AM EDT, the live silver spot price for 1 ounce of silver in US dollars is $76.42. Today’s silver price per ounce is $75.71 as of May 28, 2026 at 6:44 PM New York time.
In the last 7 days, the price has declined notably, showing a decrease of $0.94 (−1.23%). The current spot price is below the weekly average of $76 USD. Over the past 7 days, silver has fluctuated within a range of $74.83 to $77.80, with a weekly average of $76 USD.
Silver rose to $75.87 USD per troy ounce on May 29, 2026, up 0.37% from the previous day. Over the past month, silver’s price has risen 3.04%, and is up 129.97% compared to the same time last year.
Silver Spot Price Summary — May 29, 2026
| Metric | Value |
|---|---|
| Live silver price per ounce (USD) | $75.71–$76.42 |
| Silver price per gram (USD) | $2.46 |
| Silver price per kilogram (USD) | $2,456.96 |
| 7-day range | $74.83–$77.80 |
| 7-day average | ~$76.00 |
| 1-month change | +3.04% |
| 1-year change | +129.97% |
| All-time high | $121.67 (January 29, 2026) |
Source: JM Bullion, goldpricez.com, TradingEconomics, USAGOLD — May 28–29, 2026. Silver prices update every second during trading hours. Always verify the live rate at kitco.com, jmbullion.com, or apmex.com immediately before any transaction.
Silver Price per Ounce in All Major Currencies — May 2026
The silver spot price per ounce is set in USD on the COMEX and LBMA. Prices in other currencies are derived by converting the USD spot at current exchange rates:
| Currency | Silver Price per Ounce | Silver Price per Gram | Silver Price per Kg |
|---|---|---|---|
| USD | $75.71–$76.42 | $2.46 | $2,456.96 |
| GBP | £56.03–£56.55 | £1.82 | £1,818.15 |
| EUR | €65.26–€65.88 | €2.12 | €2,117.49 |
| AUD | AUD 106.00–AUD 107.00 | AUD 3.44 | AUD 3,439.34 |
| ZAR | ZAR 1,272–ZAR 1,293 | ZAR 41.64 | ZAR 41,637 |
| MYR | MYR 300–MYR 303 | MYR 9.75 | MYR 9,754 |
| GHS | GHS 867–GHS 875 | GHS 28.11 | GHS 28,112 |
| UGX | UGX 286,000–UGX 289,000 | UGX 9,303 | UGX 9,303,000 |
| INR | ₹6,358–₹6,416 | ₹205.77 | ₹205,771 |
| AED | AED 278–AED 281 | AED 9.03 | AED 9,027 |
Exchange rates as of May 28–29, 2026: 1 USD = 0.74 GBP; 0.862 EUR; 1.40 AUD; 16.29 ZAR; 3.97 MYR; 11.45 GHS; 3,785 UGX; 83.88 INR; 3.67 AED.
Silver Price per Ounce — Historical Context and 2026 Performance
Understanding why the silver price per ounce is where it is in May 2026 requires knowing where it has been:
Silver Price History — Key Milestones
| Date | Silver Price per Ounce (USD) | Key Driver |
|---|---|---|
| January 1980 | $49.45 | Hunt Brothers silver corner attempt |
| April 2011 | $48.70 | Post-GFC safe-haven and industrial demand peak |
| March 2020 | $14.94 | COVID-19 pandemic crash low |
| August 2020 | $29.24 | Post-crash recovery, dollar weakness |
| May 2025 | ~$33.00 | Base level before current bull run |
| January 26, 2026 | $115.15 | Intra-month high |
| January 29, 2026 | $121.67 | All-time nominal record high |
| March 2026 | $80–$83 | Consolidation below record |
| May 28–29, 2026 | $74.83–$77.80 | Current range |
Silver’s current, nominal all-time high is $121.67, set on January 29, 2026. Silver recently breached a key milestone for the first time in history — $50 per troy ounce.
Twice in history silver approached the $50 per troy ounce ceiling, only for support to collapse and drive prices back down: once in 1980 when silver reached $49.45 per troy ounce, and once in 2011 when the spot price reached $48.70.
At 8:45 a.m. Eastern Time on May 28, 2026, silver cost $73.51 per ounce — a 99-cent fall from the previous day and more than a $40 increase compared with the same time last year.
Silver Price per Ounce Year-on-Year Performance
The silver price per ounce in 2026 represents one of the most dramatic annual appreciations in the metal’s history. Over the past 12 months, silver has increased 116.82% to 129.97% depending on the specific reference period, rising from approximately $33/oz in May 2025 to its current $75–$77/oz range.
Why Is the Silver Price per Ounce So High in 2026?
The silver price per ounce has more than doubled in twelve months for multiple converging reasons:
Geopolitical Tensions Driving Safe-Haven Demand
On Wednesday, May 28, 2026, gold and silver saw renewed US-Iran military exchanges drive crude oil and the dollar sharply higher, stoking inflation fears. Silver spot price was trading at $74.26 per ounce, down $0.68 (−0.91%) on the day. The gold-silver ratio holds at 59.85 — near a multi-year low that historically signals silver’s outperformance in the next leg of a sustained bull cycle.
The Strait of Hormuz situation has been a persistent driver: silver dropped below $74 an ounce on Thursday, briefly touching a four-week low as reports of fresh US strikes on an Iranian military site clouded the outlook for peace negotiations, keeping inflationary and interest rate concerns in focus.
Key disagreements remain unresolved, including Tehran’s insistence on maintaining control of the Strait of Hormuz and preserving its nuclear programme.
Industrial Demand Surge — Silver’s Unique Dual Role
Unlike gold, silver has massive industrial applications that create structural demand independent of investment sentiment. Silver is the most electrically conductive metal on earth and is indispensable in:
Solar panel manufacturing: Silver paste is used in approximately 90% of all crystalline silicon solar cells. The global solar energy build-out — accelerating rapidly through 2025–2026 as the energy transition continues — consumes an estimated 100+ million troy ounces of silver annually. Every new gigawatt of solar capacity requires silver.
Electric vehicle production: EV manufacturers use silver in battery management systems, charging contacts, and electronic control units. Each electric vehicle uses approximately 25–50 grams of silver — and global EV production is running at tens of millions of units annually.
Semiconductor and electronics manufacturing: Silver paste, silver contacts, and silver-based solders are used throughout the electronics supply chain. AI data centre build-outs in 2025–2026 have accelerated semiconductor demand with direct silver consumption implications.
Medical applications: Silver’s antimicrobial properties make it essential in wound dressings, medical devices, and water purification systems — a use segment that has grown consistently since COVID-19 raised awareness of antimicrobial solutions.
Investment Demand — Silver Catching Up to Gold
The gold-silver ratio — which expresses how many ounces of silver it takes to buy one ounce of gold — is a critical metric for silver price analysis. The gold-silver ratio currently holds at 59.85 — near a multi-year low that historically signals silver’s outperformance in the next leg of a sustained bull cycle.
Physical coin premiums are holding firm despite the spot pullback, signaling that retail buyers are treating this dip as an accumulation opportunity in the physical precious metals market.
When the gold-silver ratio falls toward 50 or below, it historically indicates silver is entering a period of relative outperformance. For context: the ratio was above 80 in early 2025. Its decline to 59 reflects silver’s dramatic catch-up trade.
Supply Constraints
Global silver mine supply has not kept pace with surging industrial and investment demand. The world’s largest silver-producing countries — Mexico, Peru, China, Russia, and Australia — have seen production growth lag demand growth, tightening the supply-demand balance and supporting the current silver price per ounce at historically elevated levels.
In late 2025 and early 2026, silver has reached an all-time high driven by geopolitical events, high demand, and supply shortages.
Silver Price per Ounce vs Gold Price — The Ratio Explained
The gold-to-silver ratio is one of the most watched metrics in precious metals markets. It tells you exactly how many ounces of silver are required to purchase one ounce of gold at current prices:
Gold price (May 29, 2026): approximately $4,452–$4,524 per ounce Silver price (May 29, 2026): approximately $75.71–$76.42 per ounce Current gold-silver ratio: approximately 58–59
| Gold-Silver Ratio | Historical Significance |
|---|---|
| 80+ (early 2025) | Silver historically “cheap” relative to gold |
| 59 (May 2026) | Silver catching up — current level |
| 50 | Historical mid-cycle level |
| 16 (ancient Rome) | The original silver-to-gold abundance ratio |
| 47 (1980 peak) | Silver dramatically outperforming gold |
A ratio of 59 means silver is still cheaper relative to gold than it has been in many historical silver bull markets. Some analysts use this to argue that the silver price per ounce has further upside relative to gold in the current cycle.
Silver Price per Ounce — All Weight Conversions
For buyers comparing silver across different measurement units, here are all key conversions at the current silver spot of approximately $76/oz (May 2026):
| Unit | Weight | Silver Price (USD) |
|---|---|---|
| 1 Troy Ounce | 31.1035g | $76.42 |
| 1 Gram | 1.000g | $2.46 |
| 1 Kilogram | 1,000g | $2,456.96 |
| 1 Tola (South Asia) | 11.664g | $28.65 |
| 1 Baht-weight (Thailand) | 15.244g | $37.45 |
| 5 grams | 5.000g | $12.29 |
| 10 grams | 10.000g | $24.57 |
| 100 grams | 100g | $245.70 |
| 1 Avoirdupois ounce | 28.35g | $69.67 |
Important distinction: The silver price per troy ounce ($76.42) and the silver price per avoirdupois ounce ($69.67) are different — a 9.5% difference. Silver is always priced and traded in troy ounces (31.1035g), never in standard avoirdupois ounces (28.35g).
A troy ounce is slightly heavier than the standard ounce — it equals 1.09711 standard ounces. Always ensure that the silver price chart you are studying lists silver by the troy ounce and not by grams or any other measure.
Where to Find the Live Silver Price per Ounce
The most reliable sources for the current silver spot price are:
Kitco.com — the most widely referenced precious metals price feed, updating in real time during market hours with London fix prices twice daily.
JM Bullion (jmbullion.com) — live bid and ask prices updated every few seconds for physical silver products.
APMEX (apmex.com) — live silver spot with historical charts going back to the 1970s.
TradingEconomics (tradingeconomics.com) — COMEX silver futures with real-time updates and economic context.
LBMA (lbma.org.uk) — the official London Bullion Market Association Silver Price, fixed twice daily at 12:00 and 15:00 London time, which serves as the official benchmark for most institutional silver transactions.
goldpricez.com — per-gram and per-ounce silver pricing in every currency worldwide, useful for converting the USD spot into your local currency.
Silver Price per Ounce — What Moves It Daily
The silver price per ounce fluctuates continuously for the following reasons:
US Dollar strength/weakness. Silver is priced in USD. When the dollar strengthens against other currencies, silver typically falls in USD terms (though it may hold steady in other currencies). When the dollar weakens, silver prices in USD typically rise.
US Federal Reserve interest rate policy. Higher interest rates make yield-bearing assets (bonds, savings accounts) more attractive relative to silver, which produces no income. Lower rates or dovish Fed signals increase silver’s relative appeal.
Inflation data (CPI, PCE). Silver and precious metals broadly serve as inflation hedges. Higher-than-expected inflation readings typically push silver prices up; below-expectation inflation can suppress them.
Industrial demand signals. Manufacturing PMI data, solar installation figures, EV production numbers, and semiconductor industry guidance all move silver’s industrial demand outlook and therefore its price.
Geopolitical events. Military conflicts, trade tensions, and sanctions that disrupt supply chains or increase safe-haven demand can move the silver spot price significantly within a single trading session.
COMEX futures positioning. Large speculative positions in silver futures on the COMEX exchange can amplify short-term price movements beyond what fundamental supply-demand analysis would suggest.
Silver Price per Ounce — Investment Implications for 2026 Buyers
Silver’s appeal lies in stability and hedging against inflation. Gold is widely considered a safe-haven asset. Many investors use gold to hedge against inflation and currency depreciation, making it a popular long-term store of value. The same arguments apply equally to silver — with the additional leverage of industrial demand growth that gold does not possess.
For buyers evaluating the silver price per ounce at $75–$77 in May 2026, the key considerations are:
Relative to all-time high. The silver all-time high of $121.67 (January 29, 2026) is 59–63% above the current price. Buyers at current levels are entering at a significant discount to the January peak, in a market where the fundamental drivers (industrial demand growth, safe-haven demand, supply constraints) remain structurally intact.
The gold-silver ratio argument. At a current ratio of ~59, silver is historically cheaper relative to gold than at the 1980 peak (ratio ~47) or 2011 peak (ratio ~42). If silver mean-reverts to a 50:1 ratio while gold holds at $4,450, silver would need to trade at approximately $89/oz. If the ratio falls to 47 (matching the 1980 peak dynamic), silver at equivalent gold prices would trade at approximately $95/oz.
Industrial tailwinds are structural, not cyclical. Solar energy, EVs, and semiconductor manufacturing are not temporary demand sources. They represent decade-long structural growth in silver consumption that mine supply growth will struggle to match. This fundamental picture supports the silver price per ounce remaining elevated relative to historical averages.
FAQs — Silver Price per Ounce
What is the silver price per ounce today? As of May 29, 2026, the live silver spot price is $76.42 per ounce. The silver price per gram is $2.46 and the silver price per kilogram is $2,456.96.
What was the all-time high silver price per ounce? Silver’s current nominal all-time high is $121.67 per troy ounce, set on January 29, 2026 — the first time silver has ever traded above $50 per ounce in history.
How much has silver gone up in the last year? Silver has risen 129.97% compared to the same time last year, rising from approximately $33/oz to its current level above $75/oz.
Why is the silver price per ounce higher than gold used to be? Silver at $75–$77/oz is approximately 61 times below the current gold price of $4,450–$4,524/oz (the gold-silver ratio). The silver price appears “high” relative to historical norms because both metals have appreciated dramatically — gold rising to over $4,400/oz and silver rising to over $75/oz in the same bull market cycle.
Is silver a good investment at $75 per ounce? This is a question for a qualified financial adviser for your personal situation. The factual context is: silver is 38% below its January 2026 all-time high of $121.67, is up 130% year-on-year, has structural industrial demand tailwinds from solar and EVs, and has a gold-silver ratio of ~59 that historically correlates with further silver upside during precious metals bull markets.
What is the silver price per ounce in GBP today? At current exchange rates (1 USD = 0.74 GBP) and a silver spot of $76.42, the silver price per ounce in GBP is approximately £56.55 as of May 29, 2026.
What is the difference between silver spot price and silver retail price? The silver spot price ($76.42/oz) is the raw commodity price for immediate delivery of unallocated silver. Retail silver prices — for physical coins, bars, and rounds — include a dealer premium above spot (typically 3–15% for coins, 2–6% for bars) that covers minting, distribution, insurance, and dealer margin. You will never buy physical silver at exactly the spot price.
How often does the silver price per ounce change? During trading hours (generally Sunday 6pm to Friday 5pm ET), the silver spot price changes every few seconds based on COMEX futures trading. The London Bullion Market Association (LBMA) fixes an official silver reference price once daily at 12:00 London time. Outside of trading hours, prices are set by after-hours futures trading.
