The number above updates every 10 seconds while markets are open. That's spot: the price for one troy ounce of pure silver, settled immediately. Every coin, bar, and round on the market is quoted off it. At checkout you pay spot plus a premium, which we get into below.
Spot is set on global markets, mostly COMEX in US dollars and the London market through the LBMA. Those trade almost around the clock, so the price moves all day.
Silver is quoted per troy ounce, which is 31.1035 grams, a touch heavier than the ounce on your kitchen scale. To run the conversion yourself, divide the per-ounce price by 31.1035 for the gram price, or multiply by 32.1507 for the kilo price.
At a spot price around $66 per ounce in June 2026, the common weights land near:
Weight | Approx. value at $66/oz |
1 gram | $2.12 |
1 troy ounce | $66 |
10 troy ounces | $660 |
1 kilogram | $2,122 |
100 troy ounces | $6,600 |
These move with spot, so check the live chart above for the current number.
Spot is the wholesale price of pure silver, not the price you actually pay at checkout. Retail is spot plus a premium that covers refining or minting, distribution, and the seller's margin. (Fuller explainer on spot price here.)
Silver premiums run larger in percentage terms than gold premiums, for a simple reason: minting a one-ounce coin costs about the same whether the metal inside is worth $66 or $4,000. On silver, that fixed cost eats a much bigger slice of the price, and small items get hit hardest.
Most dealers post one fixed price, spot plus their markup, take it or leave it. On silver that retail premium often runs well into double digits, and on small coins it can be steeper still.
An order-book marketplace works differently. You see every live bid and ask, and you buy at the lowest ask that clears. Competing sellers push that ask down toward spot, so the premium is set by the market rather than by one dealer's markup. On Collect Pure those premiums typically run a few percent.
The gap compounds with size. Here is the same purchase, illustrative, at a $66 spot:
| Retail, ~15% premium | Order book, ~4% premium |
Per ounce | ~$75.90 | ~$68.64 |
500 oz Monster Box | ~$37,950 | ~$34,320 |
Premiums vary by product and by the day's order book, so these figures are illustrative, not a quoted price. The point is structural: you pay the market's lowest clearing ask, not a fixed markup. (See live silver bids and asks.) (How to read an order book.)
Silver answers to two markets at once, which is why it jumps around more than gold. Over half of yearly demand is industrial; the rest is investment and coinage. When either side shifts, the price reacts.
Start with industry. Silver conducts electricity better than any other metal, so it turns up across manufacturing. Industrial use hit a record of about 680 million ounces in 2024. A few sectors do most of the pulling:
Solar panels. Photovoltaic manufacturing used roughly 232 million ounces in 2024, about a third of all industrial silver demand, up from around 11% a decade earlier.
Electronics. Phones, computers, and the data centers behind AI all use silver in circuitry and connectors.
Vehicles. A battery electric vehicle uses roughly 25 to 50 grams of silver, about double a conventional car.
The investment side is coins, bars, and silver-backed funds, and it tends to rise when buyers want a hard asset. Two bigger forces sit over both: the US dollar, since silver is priced in dollars, and interest rates, since metal pays no yield and competes with assets that do.
Put it together and silver swings harder than gold. The market is smaller, and that large industrial share rises and falls with the manufacturing cycle, so daily moves of a few percent are nothing unusual.
The chart plots spot over time. A short window shows intraday moves as COMEX and London trade. A longer one shows the trend across months and years. The single live number up top is the current spot, the same figure feeding the conversion table.
Two things to keep in mind. The chart is spot, not the retail price of any product, so a coin always sits above the line by its premium. Silver also runs almost around the clock on weekdays. Glance at it over coffee, check again at 11pm, and the two numbers won't always agree.
Most modern silver bullion is .999 fine, meaning 99.9% pure silver. A few push further, the Canadian Maple Leaf among them at .9999. Whatever the fineness, it's struck straight into the metal, so you can read it off the piece in your hand.
Precious metals get weighed in troy ounces, and a troy ounce is 31.1035 grams. That's a bit more than the 28.35-gram avoirdupois ounce your kitchen scale runs on. So whenever you see silver quoted "per ounce," it's the troy kind, not the grocery-store one.
US dimes, quarters, and half dollars struck in 1964 or earlier carry 90% silver. The hobby nickname for them, "junk silver," undersells the stuff: there's nothing junk about it, it just trades on what the metal is worth rather than any collector premium.
Silver has been money for centuries, and it sat in US dimes, quarters, and half dollars at 90% purity right through 1964. A few reference points since:
Year | Approx. price per oz | Context |
Jan 1980 | ~$49 | Hunt brothers episode |
2008 | ~$9 low | Financial crisis |
Apr 2011 | ~$49 | Post-crisis run |
Mar 2020 | ~$12 low | COVID selloff |
2024 | broke $30 | |
Jun 2026 | ~$66 | Above the old 1980 and 2011 highs |
In plain-dollar terms, 2025 and 2026 carried silver past its long-standing highs near $49. Adjust for inflation and the 1980 peak was still higher.
The ratio is shorthand for how many ounces of silver buy a single ounce of gold. Right now, June 2026, gold sits near $4,110 and silver near $66, which puts it around 62, comfortably inside the 60 to 70 range it has held for years. It doesn't always behave: it tightened to roughly 32 in 2011 and blew out past 120 in 2020. Traders watch it to gauge whether silver looks cheap or rich against gold.
The form you buy changes both the premium and the resale.
Sovereign coins come from government mints and carry a face value, which makes them the names most buyers recognize: the American Silver Eagle, Canadian Maple Leaf, Austrian Philharmonic, Australian Kangaroo, Mexican Libertad, British Britannia. You can buy one at a time, by the tube of 20 to 25, or by the 500-coin Monster Box. All that recognition is why they carry the steepest premiums.
Private rounds look like coins but come from private mints with no face value. Lower premiums, a cheaper way to hold ounces.
Bars run from 1 oz up through 5 oz, 10 oz, 1 kilo, and 100 oz, poured by refiners such as the Royal Canadian Mint, Asahi, and Sunshine Mint. The bigger the bar, the less premium you pay per ounce.
On a marketplace like Collect Pure you see the live bids and asks on each of these and buy at a price that clears. (How the marketplace works.)
For a first purchase, where you buy matters as much as the price. On Collect Pure:
Every item passes through our Los Angeles facility first, where it's tested on XRF and Sigma Metalytics verifiers, usually within about a day of check-in, before anything ships to you.
Buyers and sellers alike clear identity checks before they transact, so you're dealing inside a vetted marketplace rather than an open listings board.
Shipments travel insured in both directions through FedEx, covered up to $125,000.
The company was founded by numismatist Trey Benedict, who came out of Heritage Auctions and did research at the Smithsonian.
What is the price of silver today?
Watch the chart above for the live per-ounce figure; it refreshes every 10 seconds while markets are open. For the gram price, divide that number by 31.1035. For the kilo price, multiply by 32.1507.
What is the spot price of silver?
The current market price for one troy ounce of pure silver, settled immediately. Products are quoted off it, before any premium for fabrication and dealer margin is added.
Can I buy silver near the spot price?
On an order-book marketplace you buy at the lowest live ask that clears, so the premium is set by competing sellers rather than a fixed markup. Premiums on Collect Pure typically run a few percent over spot, lower than the double-digit retail markups common on silver.
Is the silver on Collect Pure authenticated?
Yes. Every item is verified at our Los Angeles facility using XRF and Sigma Metalytics testing before it ships, and every shipment is insured both ways up to $125,000.
How much is silver per gram?
Divide the per-ounce spot price by 31.1035. Near $66 per ounce in June 2026, that is about $2.12 per gram.
What is a troy ounce of silver?
The standard weight for precious metals, 31.1035 grams, a bit heavier than the everyday ounce used for groceries.
Why are premiums higher on silver than gold?
Minting a coin costs about the same no matter the metal inside, so that fixed cost is a far bigger share of a silver coin's price than a gold coin's. The percentage premium ends up larger.
What is the gold-to-silver ratio right now?
Around 62 in June 2026, with gold near $4,110 and silver near $66. It takes about 62 ounces of silver to equal the price of one ounce of gold.
When does the silver spot market open?
Silver trades from Sunday 6 PM EST to Friday 5 PM EST, sourced from COMEX and the London market. It is closed Saturday.
