Live Silver Prices Chart & Historical Prices

About Silver Prices & Live Charts

Silver has been steadily climbing the price charts; like gold, silver too has been steadily increasing in value.

Lear Capital's silver price chart shows viewers like you the real-time spot price in the silver bullion market. You can then purchase coins at those exact prices through our website. We give you the most up-to-date precious metal spot pricing available online, with the ability to customize your search. The Lear Capital chart also gives you the ability to search historical data, so you can see the long-term trend.

Silver prices are affected by a number of factors which can increase or decrease the price of this precious metal, including the demand for silver and the strength of the US dollar. If the value of the US dollar goes down, then the price of silver and other precious metals goes up and when the value of the US dollar goes up, the price of gold and silver decreases. The decrease in the value of the US dollar prompts investors to invest more in gold and silver, which consequently raises precious metal prices.

About Silver

Silver has a chemical symbol of Ag, which has its roots in the Latin word argentum which means 'shining' or 'silver'. Silver, like gold, is one of the best known chemical elements as this versatile precious metal is frequently used to make silver jewelry, and even silver utensils. Silver has several industrial uses as well making silver one of the most sought after precious metals which drive the prices of silver. The steady rise in the prices of silver has induced several investors to invest in this precious commodity.

Find out about investing in this precious metal from Lear Capital. Get in touch with us today for more information.

What is a Silver Spot Price?

The base price for unfabricated Silver is called the spot price of Silver. This price does not include markup for fabrication, distribution a small dealer fee and any premium or collector value. A snapshot in time, the spot price of Silver can be taken at different moments of the day in different locations around the world. As a result, the Silver ounce price varies throughout the day.

Silver at spot price is the live price one ounce can be bought or sold for immediate delivery. When people refer to the silver spot price, or the spot price of any precious metal, they are actually referring to the price at which the metal may be exchanged and delivered upon at that very minute. In other words, the spot price is the price at which silver is currently trading. Spot prices are often referred to in the silverand gold markets, as well as crude oil and other commodities. Price is in a constant state of discovery and is watched by banks, financial institutions, dealers and retail investors.

When it comes to profit and wealth accumulation, there are important things to know when you add silver to your portfolio. Contrary to precious metal, investments like savings, retirement accounts and financial portfolios are all influenced by international trade, global debt and economies around the world. Silver is key because it has global appeal. Historically, silver has consistently been a prosperous investment.

There is no real standard for reporting real time silver prices, which can cause confusion for those new to precious metal pricing. If you're interested in determining silver spot prices, you have several options. Current silver prices are obtained from various feed providers, who compile price quotes from a number of different contributors to the feed. These contributors are typically big bullion banks reporting current bid and ask prices, much like a market maker in the equity markets. Since contributors to a feed may each report different silver price quotes or trades, the feed services apply proprietary algorithms to produce a streaming, single price quote.

Many Silver bullion price markets, or those who influence the markets, exist, including New York City, Chicago, Republic National Bank, London, Zurich, Paris, Frankfurt and Hong Kong. In the United States, the current price of Silver per ounce will generally be based on numbers from the COMEX in New York. It's also important to remember that the prices in closing may vary between sites. For example, Forex trading breaks for one hour at 5:00 PM EST, while Globex trading breaks for 45 minutes at 5:15 PM EST. Some traditional news sources still choose to report a closing silver price based on the end of Comex Pit Trading, while others have consistently used the London Fix. In addition, silver price charts can reflect a bid price (like Kitco Gold Price Charts) or ask price. This is the case for both live silver prices and historical closing prices, and is one of the factors in silver price differences.

However, the differences are not significant for the average retail silver investor, who is primarily interested in price direction and trend. If you're in the market to add precious metal to your investment, the experts at Lear Capital will help you through every step of your investment process. Contact us today to begin adding silver to your portfolio!