Commodities
Silver price chart
This chart tracks silver's US dollar price per troy ounce: a precious metal with heavy investment demand alongside real industrial use in electronics, solar panels and manufacturing.
The price shown is a CFD (contract for difference) that follows the international spot silver market - a derivative built to track the price, not a holding of physical metal or a 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 directly and as a by-product of lead, zinc, copper and gold mining, with Mexico, Peru and China among the largest producers. Investment stockpiles and industrial fabrication both matter a lot to this 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 the same underlying wholesale market continuously.
How to read this chart
Rising silver prices can reflect stronger industrial demand (electronics, solar manufacturing), investment buying, or moves that echo gold. Falling prices imply the opposite, or concerns about industrial activity.
Silver is markedly more volatile than gold: its market is smaller relative to trading volumes, and its price answers to both monetary and industrial forces at once. As with gold, the CFD should track spot closely but can diverge modestly from COMEX futures, which price in storage and financing costs (contango when futures trade above spot, backwardation when below).
Silver is quoted in US dollars per troy ounce, the same 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, 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 bigger swings, since investors treat it as a higher-beta precious metal.
- Mine supply
- Because much silver is produced as a by-product of base metal mining, 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 answers to the same real-rate and dollar dynamics as gold, amplified by its smaller, more volatile market.
Why people watch 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 volatility against gold as a signal of shifting sentiment between monetary and industrial demand narratives, not 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 driven by industrial fabrication demand, which makes it more volatile than gold.
The gold-to-silver ratio - the number of ounces of silver one ounce of gold buys - is widely tracked as a rough relative-value gauge, though it reflects supply and demand 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 responds to both industrial and investment demand, which amplifies 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, while the LBMA Gold Price runs twice a day.
Does the chart reflect physical silver ownership?
No. It shows a CFD price tracking the spot market; it doesn't represent ownership of physical bullion.
What is the gold-to-silver ratio?
The gold price divided by the silver price, showing how many ounces of silver one ounce of gold currently buys. It's 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 text here is deliberately evergreen: it is not rewritten every time the market moves, and no price or level is quoted anywhere outside the chart itself.
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