Stay informed with real-time charts of international precious metal prices. Monitor spot prices for Silver in USD, GBP, and EUR. Access live updates here >>

Silver fell to 47.51 USD/t.oz on October 27, 2025, down 2.22% from the previous day. Over the past month, Silver's price has risen 1.26%, and is up 40.95% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Silver - values, historical data, forecasts and news - updated on October of 2025.

View monthly updates and historical trends for Silver Price. from United States. Source: World Bank. Track economic data with YCharts analytics.

In 2005, the annual average price for one ounce of the precious metal silver on the Comex exchange was 7.33 U.S. dollars. By 2023, the annual average price of silver grew to 23.58 U.S. dollars per ounce.

Silver prices in , September, 2025 For that commodity indicator, we provide data from January 1960 to September 2025. The average value during that period was 9.7 USD per troy ounce with a minimum of 0.91 USD per troy ounce in January 1960 and a maximum of 42.82 USD per troy ounce in September 2025. | TheGlobalEconomy.com

Dataset of historical annual silver prices from 1970 to 2022, including significant events and acts that impacted silver prices.

This statistic depicts the average monthly prices for silver worldwide from January 2014 through June 2025. In June 2025, the average monthly price for silver worldwide stood at ***** nominal U.S. dollars per troy ounce.

Get the latest insights on price movement and trend analysis of Silver in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Silver Prices - Historical chart and current data through 2025.

In the secpnd quarter (Q2) of 2025, the price per troy ounce of silver was approximately ** U.S. dollars worldwide. The price of silver rose from ***** to over ** U.S. dollars per troy ounce between Q1 and Q4 2024.

global_silver_prices_desc - Commodity data from CommoditiesChart.net

Silver Price - Historical chart and current data through 2025.

Graph and download economic data for Import Price Index (Harmonized System): Silver (Including Silver Plated with Gold or Platinum), Unwrought or in Semimanufactured Forms, or in Powder Form (IP7106) from Dec 2021 to Aug 2025 about silver, harmonized, imports, price index, indexes, price, and USA.

The dataset shows average price in domestic and foreign markets of gold and silver

Note: 1. The data source for this Table for the period till 1999-2000 are Bombay Bullion Association and Press Trust of India. For the period 2000-01 onwards, the data sources are (i) Business Standard/ Business Line and Economic Times, Mumbai/IBJA Website for gold and silver price in Mumbai and LBMA for gold price in London and (ii) Thomson Reuters for silver price in New York. 2. Data provided in this Table for the period 1979-80 to 1999-2000 and 2000-01 to 2020-21 may not be strictly comparable due to different sources of information.

According to Cognitive Market Research, the global silver bullion market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The US had the most significant global silver bullion market revenue share in 2024.

Market Dynamics of Silver Bullion Market

Key Drivers of Silver Bullion Market

Increasing Demand for Safe Haven Investments

The increasing wish for safe haven investments is driving the market for silver bullion to continue growing. Investors look for assets that deliver stability and wealth preservation throughout difficult economic, geopolitical, and market situations. Due to its inherent worth and historical importance as a wealth vault, silver is drawing more and more attention from investors trying to diversify their holdings and protect themselves from inflation and currency depreciation. The COVID-19 pandemic's aftereffects, trade disputes, and geopolitical tensions have all contributed to the current state of the global economy, which has raised investor anxieties and increased demand for silver bullion. Concerns about possible inflationary pressures are developing as governments execute large stimulus programs and central banks adopt loose monetary policies; this is pushing investors into physical assets like silver.

Increasing Industrial Applications Will Promote Market Expansion

The market for silver bullion is also expected to rise significantly due to the growing number of industrial uses. Due to its special qualities, which include its high conductivity, malleability, and resistance to corrosion, silver is used in a wide range of industries, including electronics, healthcare, automotive, and renewable energy. The industrial demand for silver is anticipated to grow in the upcoming years due to technological developments and advancements boosting demand in developing applications including solar panels, electric vehicles, and 5G technology. Silver's industrial demand is further bolstered by its antibacterial characteristics, which render it increasingly desirable in therapeutic applications. The market for silver bullion is expected to increase steadily as long as industries keep innovating and creating new goods that need silver. Investors who are eager to profit from the growing industrial need for this precious metal will be drawn to this market.

Restraint Factors Of Silver Bullion Market

Volatility in Precious Metal Prices will hinder market growth.

The price volatility of precious metals can have a substantial impact on the development of the silver bullion market. The price of silver can vary due to changes in currency values, geopolitical tensions, and global economic conditions. Investors get indeterminate as a result of these swings, which could make them unwilling to buy silver bullion. Investors who bought silver at higher prices may lose money as a result of abrupt price reductions, which could affect market liquidity and confidence. Businesses that use silver as a raw resource, such as manufacturers, face difficulties due to the unpredictable nature of silver pricing. Businesses may find it challenging to correctly manage expenses and plan production schedules in the face of shifting silver prices. Price variations can disrupt the supply chain, as suppliers and buyers are driving the changing market conditions.

Market participants may use hedging techniques or look for alternate investments to lessen the impact of price volatility, which could result in money being taken out of...

After two years of decline, the global silver market increased by 9.2% to $62.4B in 2024. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $65.1B. From 2022 to 2024, the growth of the global market remained at a somewhat lower figure.

Chile Average Price: Silver: COMEX data was reported at 32.226 USD/Troy oz in 14 May 2025. This records a decrease from the previous number of 32.388 USD/Troy oz for 12 May 2025. Chile Average Price: Silver: COMEX data is updated daily, averaging 21.240 USD/Troy oz from Jan 2005 (Median) to 14 May 2025, with 5127 observations. The data reached an all-time high of 48.580 USD/Troy oz in 29 Apr 2011 and a record low of 11.740 USD/Troy oz in 18 Mar 2020. Chile Average Price: Silver: COMEX data remains active status in CEIC and is reported by Chilean Copper Commission. The data is categorized under Global Database’s Chile – Table CL.P001: Average Price: Metals. [COVID-19-IMPACT]

The industrial silver metal market is experiencing robust growth, driven by increasing demand across diverse sectors. The market, estimated at $10 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033, reaching an estimated $15 billion by 2033. Key drivers include the expanding electronics industry, particularly in renewable energy technologies like photovoltaics and electric vehicles, where silver's conductive properties are essential. Furthermore, the chemical industry utilizes silver for catalysts and specialized applications, contributing to market expansion. Silver flakes are gaining traction over silver powders due to their superior performance in certain applications, leading to market segmentation shifts. While fluctuating silver prices pose a challenge, technological advancements and the growing preference for sustainable materials are mitigating these restraints. Growth is geographically dispersed, with North America and Asia Pacific currently leading the market. However, emerging economies in regions like South America and Africa are expected to witness significant growth in the coming years, driven by industrialization and infrastructure development. The competitive landscape is marked by both established players like Johnson Matthey and Heraeus and emerging companies focused on innovation in silver processing and application. The ongoing technological advancements, particularly in the fields of electronics and renewable energy, will further fuel the demand for industrial silver metal. The increasing adoption of sophisticated electronic devices and the expanding photovoltaic sector represent significant growth opportunities. The shift towards environmentally friendly manufacturing processes and the increasing awareness of silver's antimicrobial properties in various applications also contribute to the overall market expansion. Regional variations in growth rates reflect the level of industrial development and economic activity within each region. Companies are increasingly focusing on research and development to enhance the efficiency and versatility of silver-based products, creating a more sophisticated and dynamic market. The strategic partnerships and mergers and acquisitions within the industry are further reshaping the competitive landscape, creating both opportunities and challenges for existing and new market entrants.

Silver Price: USD data was reported at 14.560 USD/oz in Sep 2018. This records a decrease from the previous number of 14.910 USD/oz for Aug 2018. Silver Price: USD data is updated monthly, averaging 6.100 USD/oz from Dec 1985 (Median) to Sep 2018, with 394 observations. The data reached an all-time high of 48.150 USD/oz in Apr 2011 and a record low of 3.558 USD/oz in Feb 1993. Silver Price: USD data remains active status in CEIC and is reported by Swiss National Bank. The data is categorized under Global Database’s Switzerland – Table CH.P001: Precious Metals Prices.

The annual average of London fix price for one ounce of silver in 2023 was 23.35 USD U.S. dollars. The global silver industry Silver is a soft, white, malleable metal that has the highest electrical and thermal conductivity of all metals. Silver is most commonly used to make coins, jewelry, and silverware. It is typically produced as a byproduct of copper, gold, lead, and zinc refining. The estimated global mine production of silver in 2023 was 26,000 metric tons. The leading country in silver production in 2023 was Mexico. In that year, Mexico produced about 6,400 metric tons of silver. Peru had the largest silver reserves worldwide, amounting to 110,000 metric tons as of 2023. Silver in the United States Silver exports from the United States have been fluctuating since 2008. In 2023, the United States exported about 80 metric tons of silver, a significant decrease from the 946 metric tons they exported in 2012. U.S. imports of silver for consumption, meanwhile, amounted to 4,700 metric tons in 2023.