Silver Price | Current and Forecast
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See monthly Silver prices in 5 locations: United States, Europe, China. Also check Silver price history since 2007 and forecasts. The chart below is a sample of Intratec Primary Commodity Prices - subscribe now and gain access to current prices of 237 commodities, including Silver.
Data Legend. The Silver price chart shows the prices in USA Dollar per troy Ounce (USD/t oz) in 3 locations, as follows:
- Ingot 99.9%, US: Silver, ingot (99.9% Ag content), United States, spot, cif
- Ingot 99.9%, EUR: Silver, ingot (99.9% Ag content), Europe, spot, exw, United Kingdom
- Ingot 99.99%, CN: Silver, ingot (99.99% Ag content), China, spot, exw, Shanghai
- Powder 99.9%, CN: Silver, powder (99.9% Ag content), China, spot, exw
- Paste 62%, CN: Silver, solar back-side paste (62% Ag content), China, spot, exw
- Paste 91%, CN: Silver, solar front-side paste (91% Ag content), China, spot, exw
Data Use. Silver prices are provided as an annual subscription where subscribers have access to reliable pricing data of 237 commodities worldwide. To better understand data provided by Intratec Primary Commodity Prices, check the following documents: Price Assessment Basis , Commodities Specifications , Methodology , User Guide , and Glossary .
Intratec Primary Commodity Prices
Track global current prices of 237 commodities including Silver
Current Monthly Prices
Price History & Forecasts
Prices in Multiple Locations
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Price Dynamics. The Silver price in United States decreased during November 2018 to 14 USD per t oz, which represents a slight decline of 2% compared to the previous month’s value. On a year-over-year basis, Silver prices in United States decreased significantly by 17%. Meanwhile, in United Kingdom, the average price of Silver amounted to 14 USD per t oz, from 17 USD per t oz one year earlier. On a month-over-month basis, the Silver price in United Kingdom is 1% lower than the price one month before.
The price of Silver (Ingot) in China declined slightly throughout November 2018, reaching 14 USD per t oz. The price in China is 1% lower than the average price in the previous month and 12% lower than the average price one year before. In contrast, Silver (Powder) prices in China decreased modestly during November 2018, reaching 14 USD per t oz, which means a decline of 0.7% from the previous month’s price and a decline of 11% from the previous year’s price.
About Silver. Silver is a metallic element with atomic number 47, it is a transition metal, member of group 11 of the periodic table. Silver is among the earliest metals worked by humans, since it can be found in its native state in nature, with records dating back to 4,000 B.C.E in Egypt. Silver is known to be mined and extracted since 500 B.C.E in Greece, with production growing rapidly in modern times, after the discovery of large mines in the 1700s and 1800s. The metal has the highest known electrical and thermal conductivity, and the second-highest thermal reflectivity of any metal, as well as high oxidant power, great ductility and malleability, making silver a very versatile material.
Silver is an extremely valuable material, so its transportation is usually done using highly safe trucks with trained personal. Similarly, silver is usually kept in banks or other similar sources. Since it is a powerful oxidant, and chemically active, silver will tarnish in polluted atmospheres, affecting its appearance, so it should be kept in a well-controlled environment, away from heat and sunlight. Silver and fine silver shapes are shipped in a bonded carrier under security procedures and, depending on the material, with sulfur-free packaging materials.
Raw materials and the respective production processes employed in the manufacturing of Silver are listed below.
- Silver rich ores (refining, cyanidation/reduction),
- Copper/nickel anodic slimes/mud (sulfating roast process/hydrometallurgical refining; silver is recovered as a byproduct),
- Lead bullion (pyrometallurgical refining), Parkes process/Betterton-Kroll process),
- Lead bullion (electrochemical refining)
The uses and applications of Silver may vary according to its specification. The main forms of Silver are pure (99.9% minimum purity); sterling (7.5% copper); various alloys; plate; ingot; bullion; moss; sheet; wire; powder; and single crystals.
