Silver Prices Today

In Dollar or in Euro; in ounce or in kg - silver prices today can be best monitored over Kitco's charts:












The silver market is much smaller in value than the gold market. The London silver bullion market turns over 18 times less money than gold. With physical demand estimated at only $15.2 billion per year, it is possible for a large trader or investor to influence the silver prices today either positively or negatively.



Silver, like all precious metals, may be used as a hedge against inflation, deflation or devaluation. This is increasing investment trend is expected to have significant impact onto silver prices.

The traditional industrial use of silver in photographic development has been dropping since 2000 due to the decline of film photography. However, silver is also used in electrical appliances (silver has the lowest resistivity of industrial metals), photovoltaics (one of the highest reflectors of light), RoHS compliant solder, clothing and medical uses (silver has antibacterial properties). Other new applications for silver include RFID tags, wood preservatives, water purification and food hygiene.

The expansion of the middle classes in emerging economies aspiring to Western lifestyles and products is expected to contribute to a long-term rise in industrial and jewelry usage and means potential steady increase to silver price today and in the future.



A traditional way of investing in silver is by buying actual bullion bars. In some countries, like Switzerland and Liechtenstein, bullion bars can be bought or sold over the counter at major banks. The flat, rectangular shape of silver bars makes them ideal for storage in a home safe, a safe deposit box at a bank, or placed in allocated (also known as non-fungible) or unallocated (fungible or pooled) storage with a bank or dealer.

Buying silver coins is another popular method of physically holding silver. Examples are the one ounce 99.99% pure Canadian Silver Maple Leaf and the one ounce 99.93% pure American Silver Eagle. Coins may be minted as either fine silver or junk silver, the latter being older coins with a smaller percentage of silver.


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