| Spread | 0.020 | ||||||||
|
Long position overnight fee
Long position overnight fee
Go to platform | -0.019607% | ||||||||
|
Short position overnight fee
Short position overnight fee
Go to platform | 0.011387% | ||||||||
| Overnight fee time | 21:00 (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 |
|---|---|---|---|---|---|---|
| Oct 3, 2023 | 20.765 | -0.118 | -0.57% | 20.883 | 20.916 | 20.678 |
| Oct 2, 2023 | 20.882 | -1.219 | -5.52% | 22.101 | 22.107 | 20.688 |
| Oct 1, 2023 | 22.103 | -0.031 | -0.14% | 22.134 | 22.181 | 22.033 |
| Sep 29, 2023 | 22.173 | -0.492 | -2.17% | 22.665 | 23.549 | 22.107 |
| Sep 28, 2023 | 22.664 | 0.116 | 0.51% | 22.548 | 22.727 | 22.387 |
| Sep 27, 2023 | 22.547 | -0.294 | -1.29% | 22.841 | 22.868 | 22.397 |
| Sep 26, 2023 | 22.842 | -0.272 | -1.18% | 23.114 | 23.124 | 22.830 |
| Sep 25, 2023 | 23.113 | -0.425 | -1.81% | 23.538 | 23.640 | 23.031 |
| Sep 24, 2023 | 23.537 | -0.019 | -0.08% | 23.556 | 23.582 | 23.524 |
| Sep 22, 2023 | 23.553 | 0.125 | 0.53% | 23.428 | 23.765 | 23.406 |
| Sep 21, 2023 | 23.429 | 0.294 | 1.27% | 23.135 | 23.465 | 22.803 |
| Sep 20, 2023 | 23.134 | -0.065 | -0.28% | 23.199 | 23.584 | 23.045 |
| Sep 19, 2023 | 23.198 | -0.079 | -0.34% | 23.277 | 23.413 | 23.088 |
| Sep 18, 2023 | 23.276 | 0.223 | 0.97% | 23.053 | 23.284 | 22.953 |
| Sep 17, 2023 | 23.052 | 0.009 | 0.04% | 23.043 | 23.064 | 23.030 |
| Sep 15, 2023 | 23.026 | 0.407 | 1.80% | 22.619 | 23.285 | 22.618 |
| Sep 14, 2023 | 22.620 | -0.208 | -0.91% | 22.828 | 22.969 | 22.291 |
| Sep 13, 2023 | 22.830 | -0.221 | -0.96% | 23.051 | 23.085 | 22.737 |
| Sep 12, 2023 | 23.050 | -0.017 | -0.07% | 23.067 | 23.177 | 22.827 |
| Sep 11, 2023 | 23.068 | 0.126 | 0.55% | 22.942 | 23.215 | 22.928 |
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.
How to Trade The Triple Top
Welcome to Part 5 of our 7-part Power Patterns series. In this series, we'll be equipping you with the skills to trade some of the most indicative price patterns which occur on any timeframe in every market.
14:13, 27 September 2023Q4 lookahead: US indices starting to show signs of trouble?
US indices start to draw attention as traders focus on the outlook for Q4.
07:20, 27 September 2023USD/JPY Climbs Towards Key Highs
USDJPY’s powerful long-term uptrend has been reignited after last week’s sharply contrasting policy statements from the Federal Reserve and Bank of Japan.
11:32, 26 September 2023EUR/USD tests key support
EUR/USD is currently testing a key support level after the Federal Reserve indicated a potential extension of higher interest rates.
14:32, 21 September 2023BoE leaves rates unchanged, GBP drops further as investors look for more clarity
The Bank of England has left rates unchanged at 5.25% with a 5-4 vote split after CPI dropped more than expected in August
11:45, 21 September 2023GBP softer after CPI surprise, JPY focused on any further hints from Ueda
GBP drops after a softer CPI reading scares investors about the BoE intentions. JPY on the lookout for further policy tweaks from Governor Ueda.
12:42, 20 September 2023How to Trade The Break & Retest
In this week's instalment, we delve into the Break & Retest pattern—a strategic approach to navigating breakout trades. If you've wrestled with the frustration of false breakouts, incorporating this pattern into your trading toolkit may help you overcome this challenge and put you on the path to becoming a more confident and consistent trader.
11:59, 20 September 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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