Silver Price Today per Ounce

Silver Price per Gram in Dollars and Euro, by Fineness

Calculated metal value from the COMEX settlement price on October 9, 2026 ($61.05 per troy ounce; 1 troy ounce = 31.1035 g), converted at EUR/USD 1.1232 from the CME future. Jewelry, bars and coins cost more at a dealer and fetch less when sold, because making charges, minting and dealer margins are not included in these values.

How the Silver Price Is Set

Silver is also quoted in US dollars per troy ounce. The LBMA sets one benchmark price per day in London, and COMEX futures trade in New York. An ounce of silver costs a fraction of an ounce of gold, so storage and transport matter more. The same amount of money takes up many times the space in silver, and dealer premiums on bars and coins are usually higher in percentage terms.

Jewelry and silverware are mostly made of sterling silver, which contains 92.5% silver and is stamped 925. On October 9, 2026 the gold-to-silver ratio stood at 69.1, meaning that many ounces of silver matched the price of one ounce of gold. Silver tends to follow gold in direction, with larger swings in both directions.

Silver Spot Price and Futures Price

Many price tables quote the spot price, the price for immediate delivery in the over-the-counter market, often in real time. This page uses the daily settlement price of the most actively traded COMEX futures contract. A futures contract fixes today's price for delivery at a later date, so it usually trades slightly above spot; the gap reflects interest and storage costs until delivery. When physical supply is tight the gap can turn negative, which happens more often with platinum and palladium than with gold.

Over weeks and years, spot and futures move almost in step, so the performance figures describe the price trend of the metal. On any single day the value here differs from a live spot quote, if only because it shows the close of the previous session.