Commodities
Silver price chart
Silver is a precious metal with substantial investment demand alongside significant industrial use in electronics, solar panels and other manufacturing. The chart tracks its US dollar price per troy ounce.
This is a CFD (contract for difference) that follows the international spot silver market. It is a derivative designed to track the underlying price, not a holding of physical metal or an exchange futures position.
Silver chart
TVC:SILVERCFD on silver (US$ per troy ounce).
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At a glance
| Full name | Silver (spot) |
|---|---|
| Common ticker | XAG/USD |
| TradingView symbol | TVC:SILVER |
| Instrument type shown | CFD on spot silver |
| Underlying market / benchmark | LBMA Silver Price, an electronic auction administered by ICE Benchmark Administration for the London Bullion Market Association |
| Quotation unit | US dollars per troy ounce |
| Market schedule | Trades close to 24 hours a day, five days a week, with a short daily break; the LBMA benchmark auction runs once a day at noon London time |
| Spot vs futures vs CFD | The CFD tracks spot silver; COMEX silver futures trade separately in fixed contract months |
| Contract month / rollover | Not applicable to this spot-tracking CFD |
| Data delay | Real-time streaming price; not an official LBMA fixing print |
What is Silver?
Silver is mined both as a primary product and, often, as a by-product of lead, zinc, copper and gold mining, with Mexico, Peru and China among the largest producing countries. Above-ground investment stocks and industrial fabrication both play a large role in the market, unlike gold, where investment and reserve holdings dominate.
The main benchmark is the LBMA Silver Price, a single daily electronic auction in London. As with gold, most spot and CFD silver quotes track this same underlying wholesale market continuously.
How to read this chart
Rising silver prices can reflect stronger industrial demand (particularly electronics and solar manufacturing), investment buying, or moves that echo gold. Falling prices imply the opposite, or can reflect concerns about industrial demand or manufacturing activity.
Silver is markedly more volatile than gold because its market is smaller relative to trading volumes and its price responds to both monetary and industrial forces simultaneously. As with gold, the CFD price should track spot closely but can diverge modestly from COMEX futures prices, which reflect storage and financing costs to a future delivery date (contango when futures trade above spot, backwardation when below).
Silver is quoted in US dollars per troy ounce, the same unit convention used for gold and platinum.
What moves it?
- Industrial and solar demand
- Silver's high electrical conductivity makes it essential in electronics and, increasingly, in photovoltaic solar panels; growth in solar installation capacity has become a meaningful demand driver.
- Investment demand and gold correlation
- Silver often moves in the same direction as gold but with larger swings, since investors treat it as a higher-beta precious metal play.
- Mine supply
- Because much silver is produced as a by-product of base metal mining, its supply can be relatively unresponsive to the silver price itself, which affects how the market absorbs demand shocks.
- US dollar and real yields
- As a dollar-priced, non-yielding asset, silver is sensitive to the same real interest rate and dollar dynamics that affect gold, amplified by its smaller, more volatile market.
Why businesses and investors monitor it
Manufacturers of electronics, solar panels and other silver-containing components track this price for input costing and to inform hedging discussions with suppliers.
Investors and treasurers watch silver's relative volatility against gold as an indicator of shifting sentiment between monetary and industrial demand narratives, without treating the chart as trading advice.
Silver vs gold
Silver and gold are both precious metals, but silver's market is far smaller and its price is more heavily influenced by industrial fabrication demand, making it more volatile than gold.
The gold-to-silver ratio, the number of ounces of silver that one ounce of gold buys, is widely tracked as a rough measure of relative valuation between the two, though it reflects supply and demand dynamics specific to each metal rather than a fixed relationship.
Frequently asked questions
Why is silver more volatile than gold?
Silver's market is smaller relative to trading activity and its price responds to both industrial demand and investment demand, which tends to amplify price swings compared with gold.
Is silver's benchmark set the same way as gold's?
Similarly, but not identically: the LBMA Silver Price is a single daily auction, whereas the LBMA Gold Price is run twice a day.
Does the chart reflect physical silver ownership?
No. It shows a CFD price tracking the spot market; it does not represent ownership of physical bullion.
What is the gold-to-silver ratio?
It is the gold price divided by the silver price, showing how many ounces of silver one ounce of gold currently buys; it is a commonly cited but imperfect relative-value gauge.
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Sources
Written and maintained by the StandardsDesk editorial team. Last reviewed 2026-08-06. The explanatory text on this page is evergreen: it is not updated with market movements, and no current price or level is quoted anywhere outside the chart.
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