| Spread | 0.020 | ||||||||
|
Long position overnight fee
Long position overnight fee
Go to platform | -0.020497% | ||||||||
|
Short position overnight fee
Short position overnight fee
Go to platform | 0.012277% | ||||||||
| Overnight fee time | 22:00 (UTC) | ||||||||
| Min traded quantity | 1 | ||||||||
| Currency | USD | ||||||||
| Margin | 1% | ||||||||
| Commission on trade | 0% |
*Information provided by Capital.com
| Date | Close | Change | Change (%) | Open | High | Low |
|---|---|---|---|---|---|---|
| Dec 11, 2023 | 22.976 | -0.081 | -0.35% | 23.057 | 23.095 | 22.915 |
| Dec 10, 2023 | 23.058 | 0.032 | 0.14% | 23.026 | 23.058 | 23.008 |
| Dec 8, 2023 | 22.998 | -0.763 | -3.21% | 23.761 | 23.887 | 22.934 |
| Dec 7, 2023 | 23.760 | -0.157 | -0.66% | 23.917 | 24.019 | 23.574 |
| Dec 6, 2023 | 23.919 | -0.255 | -1.05% | 24.174 | 24.352 | 23.865 |
| Dec 5, 2023 | 24.177 | -0.355 | -1.45% | 24.532 | 24.627 | 23.958 |
| Dec 4, 2023 | 24.533 | -1.187 | -4.62% | 25.720 | 25.752 | 24.409 |
| Dec 3, 2023 | 25.721 | 0.250 | 0.98% | 25.471 | 25.909 | 25.442 |
| Dec 1, 2023 | 25.472 | 0.117 | 0.46% | 25.355 | 25.514 | 25.080 |
| Nov 30, 2023 | 25.354 | 0.399 | 1.60% | 24.955 | 25.358 | 24.925 |
| Nov 29, 2023 | 24.956 | -0.123 | -0.49% | 25.079 | 25.252 | 24.840 |
| Nov 28, 2023 | 25.075 | 0.421 | 1.71% | 24.654 | 25.082 | 24.537 |
| Nov 27, 2023 | 24.655 | 0.327 | 1.34% | 24.328 | 24.870 | 24.255 |
| Nov 26, 2023 | 24.327 | 0.009 | 0.04% | 24.318 | 24.427 | 24.296 |
| Nov 24, 2023 | 24.309 | 0.617 | 2.60% | 23.692 | 24.329 | 23.556 |
| Nov 23, 2023 | 23.690 | 0.093 | 0.39% | 23.597 | 23.838 | 23.591 |
| Nov 22, 2023 | 23.598 | -0.191 | -0.80% | 23.789 | 23.937 | 23.530 |
| Nov 21, 2023 | 23.790 | 0.193 | 0.82% | 23.597 | 24.009 | 23.467 |
| Nov 20, 2023 | 23.598 | -0.004 | -0.02% | 23.602 | 23.804 | 23.236 |
| Nov 19, 2023 | 23.603 | -0.041 | -0.17% | 23.644 | 23.692 | 23.600 |
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.
December RBA preview: no move expected at the final meeting of 2023
The RBA meets on Tuesday, 5th of December, 2023, at 2.30 PM (AEDT). We preview what to expect from this month’s decision.
14:47, 4 December 2023CPI drops more than expected in Europe, Spain’s IBEX 35 looking to break pre-COVID highs
CPI drops more than expected in Europe, Spain’s IBEX 35 looking to break pre-COVID highs
12:39, 30 November 2023Euro Zone CPI expected to continue dropping; economists warn about cutting too soon
EZ PI expected to drop further but speed of decline
08:16, 29 November 2023A weaker Dollar drives gold higher
Gold prices have returned above $US2000 per ounce. We run through the factors driving gold and the commodity’s key technicals.
13:49, 28 November 2023Q3 US Earnings Recap: Profits surprise to the upside, but outlook remains uncertain
US earnings for the third quarter were far better than expected. However, uncertainty about the outlook for company profits continues. We review the quarterly earnings and look ahead to what the markets expect from S&P 500 companies going forward.
13:20, 28 November 2023RBNZ Preview: Rates expected to remain unchanged at final meeting of 2023
The RBNZ meets for the final time this year on Wednesday, 29th of November, 2023. We preview what to expect and how it could impact the New Zealand Dollar.
13:04, 28 November 2023Crude prices slide on OPEC+ uncertainty
Crude prices have chopped sideways amid signs of turmoil within OPEC+. We look at the fundamentals of the oil market and the technical levels of WTI.
12:55, 28 November 2023Learn 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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