COMEX is the primary futures exchange for silver in the US, operated by CME Group in New York. Silver futures contracts traded here establish the global spot price benchmark referenced by dealers and investors worldwide.
Live Silver Market
Silver Price in New York Today (USD)
Last updated: Oct 8, 2026, 09:37 PM UTC
Silver Spot Price · New York
$59.31USD
= $59.31 USD
+0.00
+0.00%
Updated: ● Live FX rate1 USD = 1.0000 USD
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Silver Time Machine
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Silver Spot Price – Today
Intraday XAG/USD spot price (USD per troy ounce)
Silver Price Performance
| Period | Change (USD) | Change (%) |
|---|---|---|
| Today | +$0.00 | +0.00% |
| 30 Days | +$2.25 | +3.80% |
| 6 Months | $-1.25 | -2.10% |
| 1 Year | +$12.69 | +21.40% |
| 5 Years | +$38.08 | +64.20% |
| 20 Years | +$185.41 | +312.60% |
Silver Price Summary — USD per Troy Ounce
Open
$59.31
High
$59.31
Low
$59.31
Close (Prev)
$59.31
Bid
$59.22
$59.22 USD
Ask
$59.40
$59.40 USD
Change
+$0.00
Change %
+0.00%
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Silver Price Chart (TradingView)
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24-Hour Silver Price by Market Session
Shaded bands show active trading sessions (UTC) · USD per troy ounce
Sydney
Tokyo
London
New York
Silver Price History in New York — Monthly Averages (USD)
Monthly average, high and low silver prices per troy ounce in USD
| Month | Avg Price | Monthly High | Monthly Low | Change |
|---|---|---|---|---|
| October 2026 Current | $59.31 | $61.69 | $56.94 | -3.20% |
| September 2026 | $61.27 | $63.72 | $58.82 | +4.80% |
| August 2026 | $58.47 | $60.81 | $56.13 | -1.80% |
| July 2026 | $59.54 | $61.92 | $57.16 | +7.10% |
| June 2026 | $55.59 | $57.82 | $53.37 | -2.40% |
| May 2026 | $56.96 | $59.24 | $54.68 | +3.80% |
| April 2026 | $54.87 | $57.07 | $52.68 | -5.10% |
| March 2026 | $57.82 | $60.14 | $55.51 | +2.90% |
| February 2026 | $56.19 | $58.44 | $53.95 | +1.50% |
| January 2026 | $55.36 | $57.58 | $53.15 | -4.10% |
| December 2025 | $57.73 | $60.04 | $55.42 | +6.20% |
| November 2025 | $54.36 | $56.53 | $52.18 | — |
Annual Silver Price Performance by Currency
Annual % returns for XAG in major currencies (approximate)
| Year | USD | GBP | EUR | AED | AUD | CAD | INR | SGD | JPY | HKD | CHF | SAR | MYR | TRY | IDR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +12.0% | +10.5% | +9.8% | +12.0% | +15.2% | +16.1% | +11.2% | +8.4% | +18.3% | +12.0% | +9.2% | +12.0% | +10.8% | +52.4% | +14.6% |
| 2024 | +21.4% | +24.8% | +25.1% | +21.4% | +25.6% | +26.9% | +22.8% | +19.2% | +38.4% | +21.4% | +18.6% | +21.4% | +18.3% | +68.2% | +24.1% |
| 2023 | +0.4% | +3.1% | -2.3% | +0.4% | +4.8% | +2.2% | +2.1% | -1.4% | +9.6% | +0.4% | -3.8% | +0.4% | +2.6% | +44.8% | +3.2% |
| 2022 | -3.5% | +10.8% | +11.3% | -3.5% | +1.4% | -1.2% | +5.4% | -7.1% | +14.2% | -3.5% | -3.1% | -3.5% | +1.8% | +112.4% | -0.8% |
| 2021 | -11.7% | -17.2% | -16.9% | -11.7% | -9.8% | -14.3% | -9.1% | -13.2% | -12.4% | -11.7% | -13.2% | -11.7% | -12.4% | +29.6% | -8.4% |
| 2020 | +47.9% | +41.6% | +38.4% | +47.9% | +42.1% | +46.2% | +46.8% | +41.3% | +34.2% | +47.9% | +41.2% | +47.9% | +44.3% | +96.4% | +52.1% |
| 2019 | +15.3% | +20.4% | +14.8% | +15.3% | +22.6% | +18.7% | +21.4% | +12.8% | +10.1% | +15.3% | +13.6% | +15.3% | +14.2% | +38.6% | +18.4% |
| 2018 | -8.5% | -3.8% | -6.2% | -8.5% | -1.3% | -4.2% | +2.8% | -11.4% | -9.6% | -8.5% | -8.8% | -8.5% | -6.4% | +48.2% | -2.4% |
| 2017 | -1.2% | -8.6% | -12.4% | -1.2% | -4.5% | -6.8% | -2.4% | -4.1% | -3.8% | -1.2% | -4.6% | -1.2% | -4.8% | +18.4% | +1.6% |
| 2016 | +15.3% | +31.2% | +19.8% | +15.3% | +17.4% | +19.8% | +17.6% | +12.1% | +5.9% | +15.3% | +14.2% | +15.3% | +22.4% | +38.8% | +22.6% |
| 2015 | -11.9% | -8.3% | -3.7% | -11.9% | -1.4% | -4.8% | -9.8% | -14.2% | -10.6% | -11.9% | -9.4% | -11.9% | -8.6% | +12.4% | -3.8% |
| 2014 | -19.8% | -18.4% | -11.6% | -19.8% | -9.4% | -12.3% | -11.9% | -22.1% | -11.2% | -19.8% | -16.2% | -19.8% | -21.4% | -8.6% | -14.2% |
| 2013 | -35.9% | -38.1% | -35.2% | -35.9% | -31.2% | -34.4% | -22.8% | -38.6% | -11.4% | -35.9% | -34.8% | -35.9% | -36.2% | -24.6% | -28.4% |
| 2012 | +8.4% | +7.8% | +5.1% | +8.4% | +4.6% | +6.9% | +13.2% | +6.1% | +3.8% | +8.4% | +6.8% | +8.4% | +7.2% | +14.6% | +12.4% |
| 2011 | +74.0% | +71.3% | +68.8% | +74.0% | +64.2% | +70.1% | +82.4% | +65.3% | +56.2% | +74.0% | +62.4% | +74.0% | +71.8% | +88.6% | +78.4% |
Gold-Silver Ratio Today
How many ounces of silver equal one ounce of gold — a key valuation signal
Current Ratio
85:1
1 oz gold = 85 oz silver
Silver (USD/oz)
$59.31
XAG/USD spot
Gold (USD/oz)
$5,042
XAU/USD approx.
Silver Cheap (High Ratio)+31% vs long-run avgSilver Expensive (Low Ratio)
0avg (65)130
| Period | Ratio | Note |
|---|---|---|
| Ancient Rome | 12:1 | Fixed by law |
| 19th Century | 15.5:1 | Bimetallic standard |
| 20th Cent. Avg | 47:1 | Post gold standard |
| 1980 Low | 17:1 | Hunt Bros. squeeze |
| 2020 High | 125:1 | COVID crash |
| Long-run avg | 65:1 | Historical mean |
A high ratio means silver is historically cheap relative to gold. Gold price shown is approximate.
Historical Silver Price Charts in New York
30 Days Silver Price in New York-2.8%
$59.31
60 Days Silver Price in New York-5.4%
$59.31
1 Year Silver Price in New York-4.8%
$59.31
2 Years Silver Price in New York-6.9%
$59.31
5 Years Silver Price in New York-7.7%
$59.31
10 Years Silver Price in New York-7.4%
$59.31
All Time Silver Price in New York-14.5%
$59.31
Where to Buy Silver in New York
Trusted silver dealers, bullion shops, and markets in New York — prices quoted in USD
🏦
Best for RetailManhattan Gold & Silver
Bullion Dealer
📍 West 47th Street, Midtown Manhattan, New York
Walk-in precious metals dealer in the Diamond District. Buys and sells silver bars and coins at live spot-linked prices. No appointment needed.
💻
OnlineAPMEX
Online
📍 Online — ships across the USA
America's largest online bullion retailer. Extensive silver coin and bar selection with competitive premiums and insured UPS/FedEx shipping.
💻
OnlineJM Bullion
Online
📍 Online — Dallas, TX (ships USA-wide)
Popular US online dealer with free shipping on orders over $199. Strong inventory of silver Eagles, Maples, rounds and bars.
💻
OnlineKitco
Online
📍 Online — Montreal (ships USA & Canada)
Global precious metals retailer and price data provider. Sells LBMA-approved silver bars alongside live market data.
🏪
Best for Retail47th Street Diamond District
Gold Souk
📍 West 47th Street, Midtown Manhattan, New York
New York's legendary jewellery and bullion corridor. Multiple competing dealers allow real-time price comparison in person.
🏛️
InstitutionalScotiaMocatta
Bank
📍 250 Vesey Street, New York, NY 10281
Scotiabank's precious metals arm — one of the few banks offering physical silver accounts and wholesale bar trading in North America.
Always verify current prices directly with dealers. Retail prices include dealer premiums above spot.
Frequently Asked Questions
Silver Prices in Other Cities
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What Moves Silver Price in New York?
New York's Silver Market: The COMEX Futures Hub
New York is home to COMEX — the Commodity Exchange operated by CME Group — which is the world's primary exchange for silver futures trading. COMEX silver futures contracts (ticker: SI) are the global price benchmark for silver, setting the reference price used by dealers, refiners, and industrial consumers from Dubai to Tokyo. Each standard COMEX silver futures contract represents 5,000 troy ounces of silver. The continuous trading of these contracts provides real-time price discovery 23 hours a day, five days a week, making New York the engine of global silver price determination.
How COMEX Silver Pricing Works
COMEX silver futures are priced in USD per troy ounce and trade on the CME Globex electronic platform around the clock. The silver "spot" price visible worldwide is typically derived from the front-month COMEX futures contract, adjusted for carrying costs to the current date. When traders take a futures contract to expiry and demand physical delivery, silver must be delivered in the form of approved bars stored in COMEX-registered vaults in New York, Delaware, or other designated locations. This physical delivery mechanism anchors futures prices to the real cost of physical silver and prevents sustained divergence between paper and physical markets.
American Silver Eagles and the Premium Market
The American Silver Eagle, produced by the US Mint, is the world's best-selling silver bullion coin and the most liquid silver product in the US retail market. Silver Eagles carry a government guarantee of weight and purity and are legal tender with a face value of one dollar. However, they consistently carry among the highest premiums of any silver product — typically 20–30% above spot — reflecting US Mint production constraints and strong retail demand. Budget-conscious buyers often prefer generic silver rounds or 10oz bars, which carry premiums of 3–8% above spot while delivering the same silver content at a meaningfully lower cost per ounce.
Silver Tax Treatment in the United States
The US tax treatment of silver is an important consideration for American investors. The IRS classifies precious metals as collectibles, meaning long-term capital gains on silver held over 12 months are taxed at a maximum rate of 28% — higher than the 20% standard long-term capital gains rate. Short-term gains on silver held under 12 months are taxed as ordinary income. Sales tax on physical silver varies by state: Texas, Florida, and Montana exempt investment-grade silver bullion from sales tax, while California and several other states charge the full state sales tax rate at the point of purchase. Federal reporting requirements apply to certain silver purchases and sales above threshold dollar amounts.
Where to Buy Silver in New York
New York has a mature retail and wholesale bullion market. Major national online dealers including APMEX, JM Bullion, and Provident Metals offer competitive premiums and nationwide delivery. In the city itself, MTB (Manfra, Tordella & Brookes) near Rockefeller Center, and numerous dealers in the Manhattan Diamond District on West 47th Street carry a range of silver products at competitive walk-in prices. For larger institutional purchases, COMEX-registered vault services in the New York metropolitan area provide custody of allocated silver holdings with transparent storage fees.
What Drives Silver Prices in New York
New York's COMEX is where the marginal silver price is set for the world. The most influential factors are US Federal Reserve monetary policy (lower rates support higher silver prices), the DXY dollar index (a weaker dollar lifts silver), US economic data releases including inflation figures and employment reports, and the positioning of large speculative funds in COMEX futures. When hedge funds and managed money traders build large long positions, it amplifies upward price moves significantly beyond what physical supply-demand fundamentals would imply. When these same funds liquidate, it can accelerate declines sharply. Understanding COMEX positioning data — published weekly in the Commitment of Traders (COT) report — is essential context for interpreting short-term silver price movements in New York.
Silver Investment in the United States
Despite the less favourable tax treatment compared to some other countries, the US has an extremely deep and liquid silver market. The availability of IRA-eligible silver (self-directed IRAs can hold approved silver bullion), the breadth of silver ETF options (including iShares SLV, Aberdeen SIVR, and Sprott PHYS), and the competitive dealer landscape make the US a well-served market for silver investors at every size. The combination of COMEX's price discovery role and the US dollar's status as the global reserve currency means that US investors experience silver in its most direct form — without currency translation adding complexity to their returns.
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