Silver price and chart in real-time
Real time silver price
The real-time price of Silver gram and ounce corresponds to the price of Vera Silver bullion coins, including the silver spot price plus a premium.
| Title | EUR | Premium |
|---|---|---|
| Silver 1gr | € | % |
| Silver ounce (1oz) | € | % |
| Title | EUR | USD | GBP | CHF | Premium | |
|---|---|---|---|---|---|---|
 |
Silver 1gr | € | $ | £ | CHF | % |
|
Silver Ounce (1oz) | € | $ | £ | CHF | % |
Silver price graph
On the VeraCash website and application, the quotations are updated every 15 minutes (except weekends) and are always accessible. These quotes represent the prices at which our members can buy or resell the silver held in their accounts at any given moment.
In the chart above, the “Spot Price” tab allows you to view the live spot price on the trade silver market. The “VeraCash Price” tab displays the VeraCash specific quote (composed of both the spot silver price and a variable premium, calculated according to the trading volume on all the group’s platforms and the manufacturing costs of Vera Silver coins).
On VeraCash, the price of silver metal is by default indicated in grams and denominated in euros (EUR). However, you can use the chart filters above to vary the unit of measure in ounces (oz) or grams (g), the currency rate in euros (EUR), US dollars (USD), pounds sterling (GBP), or Swiss francs (CHF), and the time scale of the chart, ranging from 6 hours to 5 years, for daily, weekly, monthly or multi-year views.
Real time silver prices - International
Features of the VeraCash Quotation
On VeraCash, Silver is separated, i.e. the coins are split into grams and fully allocated to purchases made on the platform.
The backing for the Silver offered on VeraCash is Vera Silver coins. The purchase and sale of silver is offered at spot price + 20%. This 20% premium takes into account manufacturing costs, logistics and the volume of Vera Silver traded around the world.
History of silver metal price
Between the 1950s and the 1970s, the price of silver metal increased 24-fold, following the model of gold, whose price fluctuations are often similar. An ounce of silver was worth $0.91 in 1955, $4.39 in 1974 and $21.79 in 1979, benefiting from its status as a more affordable safe haven than gold following the two oil crises.
Between 1980 and 2000, silver metal lost its status as a store of value, as investors largely abandoned the precious metals market, attracted by new technology stocks. An ounce of silver was already worth only $16.39 in 1980 and hit an all-time low in 1992 at only $3.71.
The 2000s saw a gradual and continuous revaluation of silver. The price of an ounce rose from just under $5 in early 2003 to over $28 in early 2012. The subprime crisis, which largely benefited gold, did not cause the price of silver to explode, but its rise continued steadily in the following years.
The very recent Covid crisis, on the other hand, has largely benefited the grey metal, whose price has risen by almost 50% over the year 2020. A status of refuge value recovered which boosted the price of the ounce to 25,5$ in June 2021!
Understanding silver price quotations
Quotation of physical silver
Like gold and platinum, physical silver is a member of the precious metals family. Unlike traditional financial assets, such as company shares listed on stock market exchanges such as the CAC 40, the Dow Jones or the Nasdaq, silver bullion is not traded on a stock exchange, but across the world on huge over-the-counter (OTC) markets.
When precious metals are traded over-the-counter in their physical form or in a digital equivalent (e.g. token), transactions are carried out directly between buyers and sellers who set the prices themselves. Because the calculation methods of these players differ, there are several spot silver prices in euros; each of these spot silver prices corresponds to the price at which the last unit of silver was traded on the OTC market in question.
Several units of measurement can be used to express a spot silver price. For example, it is possible to speak of an ounce of silver (oz), a gram of silver (g) or a kilo of silver (kg). But it is also possible to price silver according to the physical object it represents, i.e. in the form of bullion, in the form of a silver collector’s item, or even in the form of a piece of jewellery (ring, earrings, necklace…) or a work of art.
The quotation of paper silver
In addition to buying physical or digital silver on the over-the-counter market, it is also possible to buy or sell financial contracts listed on standardised markets whose value depends more or less directly on the value of physical silver, and qualified as financial derivatives.
Listed on exchanges such as New York, Chicago, London, Zurich and Hong Kong, silver-backed financial derivatives, such as silver futures listed on the COMEX division of the New York Mercantile Exchange, also provide an international reference for investors. The same is true for the London fixing operated daily by the London Bullion Market Association.
The silver fixing price (XAG) reported by the New York (COMEX + NYMEX + CBOT + CME), London (LBMA), Sydney, Hong Kong and Zurich stock exchanges is the spot price at which commodity market participants trade the grey metal on world exchanges.
Supply and demand levels, global economic conditions, the health of key industrial sectors, trader behaviour, the evolution of silver stocks held in bank vaults, the price of certain key currencies such as the US dollar… The factors which are likely to influence the price of silver metal on a daily basis are numerous and therefore contribute to its constant evolution.
Silver is not poor man's gold!
For many years, silver has been wrongly seen as “poor man’s gold”, but it is now impressing and attracting more and more investors.
Taking advantage of the tension on the markets in the midst of the health crisis, investment silver has risen significantly in 2020 and could well not stop there: the demand for silver is exploding in many industrial sectors of the future in which it plays a predominant role (electric vehicles, solar panels, wind turbines, electronic equipment, etc.).
While its scarcity is increasing, as natural reserves are gradually being depleted, its price remains much more affordable than gold for individual investors.