Live Silver Market
Silver Price Per Troy Ounce Today
Last updated: Oct 8, 2026, 05:50 PM UTC
Silver Spot Price (XAG/USD) — Per Troy Ounce
$59.09▲ $0.00 (+0.00%)
Per troy ounce (31.1035g) · 999 fine silver · Global spot price
Per Gram
$1.8998
Per Troy Oz
$59.09
Per 10g
$18.998
Per Kilogram
$1,899.82
Silver Price Per Troy Ounce by Currency
| Currency | Price Per Oz | Price Per Gram |
|---|---|---|
| USDUS Dollar | $ 59.09 | $ 1.8998 |
| GBPBritish Pound | £ 44.71 | £ 1.4373 |
| EUREuro | € 52.77 | € 1.6964 |
| AEDUAE Dirham | د.إ 217.01 | د.إ 6.9771 |
| INRIndian Rupee | ₹ 5,721.8 | ₹ 183.9599 |
| SGDSingapore Dollar | S$ 75.62 | S$ 2.4312 |
| CADCanadian Dollar | C$ 84.16 | C$ 2.7059 |
| AUDAustralian Dollar | A$ 84.87 | A$ 2.7287 |
| JPYJapanese Yen | ¥ 9,342.32 | ¥ 300.3623 |
| HKDHong Kong Dollar | HK$ 463.72 | HK$ 14.9090 |
| CHFSwiss Franc | Fr 49.23 | Fr 1.5827 |
| SARSaudi Riyal | SR 221.59 | SR 7.1243 |
| MYRMalaysian Ringgit | RM 241.54 | RM 7.7657 |
| TRYTurkish Lira | ₺ 2,908.4 | ₺ 93.5073 |
What Is a Troy Ounce of Silver?
A troy ounce is the standard unit of weight for precious metals. It equals 31.1035 grams — approximately 10% heavier than a common (avoirdupois) ounce (28.35g). All silver spot prices worldwide are quoted in troy ounces.
The troy weight system dates back to Troyes, France, and has been used in precious metals trading for centuries. The LBMA (London Bullion Market Association) sets the global benchmark price for silver twice daily in troy ounces.
The silver spot price above reflects the price of one troy ounce of 999 (fine) silver — the purest investment grade. Retail silver bars and coins typically carry a dealer premium of 5–15% above spot.
Frequently Asked Questions
What is the silver price per troy ounce today?
The current silver spot price is $59.09 USD per troy ounce (XAG/USD). This is the global benchmark price, updated every 6 minutes during market hours.
How many grams in a troy ounce of silver?
There are 31.1035 grams in one troy ounce of silver. This is the standard conversion used in all precious metals markets.
What is the difference between an ounce and a troy ounce?
A regular (avoirdupois) ounce is 28.35 grams. A troy ounce is 31.1035 grams — about 10% heavier. Silver, gold, and platinum are always priced in troy ounces.
Where is the silver spot price set?
The silver spot price is primarily determined by futures trading on the COMEX (CME Group) in New York. The LBMA in London sets a daily benchmark called the LBMA Silver Price.