| Spread | 0.020 | ||||||||
|
Long position overnight fee
Long position overnight fee
Go to platform | -0.019678% | ||||||||
|
Short position overnight fee
Short position overnight fee
Go to platform | 0.011458% | ||||||||
| Overnight fee time | 21:00 (UTC) | ||||||||
| Min traded quantity | 1 | ||||||||
| Currency | USD | ||||||||
| Margin | 1% | ||||||||
| Commission on trade | 0% |
| Date | Close | Change | Change (%) | Open | High | Low |
|---|---|---|---|---|---|---|
| Apr 25, 2024 | 26.988 | -0.201 | -0.74% | 27.189 | 27.316 | 26.974 |
| Apr 24, 2024 | 27.188 | -0.083 | -0.30% | 27.271 | 27.479 | 27.028 |
| Apr 23, 2024 | 27.265 | -0.037 | -0.14% | 27.302 | 27.374 | 26.658 |
| Apr 22, 2024 | 27.304 | -1.259 | -4.41% | 28.563 | 28.569 | 27.103 |
| Apr 21, 2024 | 28.562 | 0.010 | 0.04% | 28.552 | 28.642 | 28.486 |
| Apr 19, 2024 | 28.656 | 0.428 | 1.52% | 28.228 | 28.935 | 28.059 |
| Apr 18, 2024 | 28.227 | -0.004 | -0.01% | 28.231 | 28.650 | 28.129 |
| Apr 17, 2024 | 28.219 | 0.045 | 0.16% | 28.174 | 28.796 | 28.062 |
| Apr 16, 2024 | 28.172 | -0.691 | -2.39% | 28.863 | 29.011 | 27.944 |
| Apr 15, 2024 | 28.883 | 0.653 | 2.31% | 28.230 | 28.975 | 27.971 |
| Apr 14, 2024 | 28.229 | 0.079 | 0.28% | 28.150 | 28.334 | 27.561 |
| Apr 12, 2024 | 27.883 | -0.565 | -1.99% | 28.448 | 29.788 | 27.844 |
| Apr 11, 2024 | 28.469 | 0.575 | 2.06% | 27.894 | 28.515 | 27.743 |
| Apr 10, 2024 | 27.895 | -0.268 | -0.95% | 28.163 | 28.514 | 27.520 |
| Apr 9, 2024 | 28.165 | 0.297 | 1.07% | 27.868 | 28.318 | 27.611 |
| Apr 8, 2024 | 27.869 | 0.711 | 2.62% | 27.158 | 28.082 | 26.854 |
| Apr 7, 2024 | 27.166 | -0.361 | -1.31% | 27.527 | 27.527 | 27.078 |
| Apr 5, 2024 | 27.468 | 0.655 | 2.44% | 26.813 | 27.486 | 26.275 |
| Apr 4, 2024 | 26.812 | -0.282 | -1.04% | 27.094 | 27.328 | 26.667 |
| Apr 3, 2024 | 27.091 | 0.951 | 3.64% | 26.140 | 27.284 | 26.105 |
Calculate your hypothetical P&L if you had opened a CFD trade on a certain date (select a date) and closed on a different date (select a date).
Silver is a precious metal that carries a high intrinsic value and may bring added diversity to your portfolio. As it is considered a secure and affordable investment, the “white metal” is often used by international investors as a hedge against inflation, deflation and devaluation.
Based on the historical silver spot price chart, the metal reached a record high of $49.48 in January 1980 and a record low of $3.53 in February 1991. On April 29, 2011, silver hit a 31-year high at $49.21 per ounce due to increased investment demand for the commodity.
Follow the live silver spot price with our chart at Capital.com.
With physical demand estimated at only $15.2 billion per year, the silver market is small in value in comparison to its sister metal gold, and tends to be rather volatile. However, holding a lower value makes silver a cheaper, more accessible option for traders while still offering an attractive investment prospect.
The value of silver is strongly driven by the laws of supply and demand. Its ties to the US dollar can also create additional volatility for the commodity. A strong dollar pushes the price of silver lower, which is a good opportunity to buy in.
Silver is valuable not only as a useful investment hedge but also for a number of practical industrial reasons so industrial demand makes it a popular investment option. Its antimicrobial and non-toxic qualities make it useful for medicine and consumer products, while its reflectivity and lustre make it popular for jewellery.
Most importantly silver is the best electrical and thermal metal in the world and is thus ideal for electrical applications. Demand for silver has grown in recent decades with the electronic technology revolution; it is needed in the manufacturing of solar panels, cellular technology, touch screens, flexible displays, LED lighting and RFID tags.
In regards to supply, the total global production volume of silver in 2018 amounted to an estimated 855.7 million ounces. Latin American countries account for five of the ten leading silver mining countries in the world, including Mexico, Peru, Chile, Bolivia and Argentina.
With Capital.com’s silver chart you can not only quickly view live silver price today, but also trace the metal’s value in historic terms.
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13:34, 4 April 2024Learn more about silver trading – from how the market works and what drives prices, to different types of instruments and trading strategies. Read on to find out how to trade silver with CFDs on Capital.com.
Learn more about Silver Spot
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