| Spread | 0.020 | ||||||||
|
Long position overnight fee
Long position overnight fee
Go to platform | -0.019279% | ||||||||
|
Short position overnight fee
Short position overnight fee
Go to platform | 0.011059% | ||||||||
| 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 |
|---|---|---|---|---|---|---|
| May 10, 2024 | 28.335 | -0.006 | -0.02% | 28.341 | 28.476 | 28.221 |
| May 9, 2024 | 28.327 | 1.015 | 3.72% | 27.312 | 28.384 | 27.279 |
| May 8, 2024 | 27.311 | 0.068 | 0.25% | 27.243 | 27.474 | 27.002 |
| May 7, 2024 | 27.242 | -0.204 | -0.74% | 27.446 | 27.514 | 27.148 |
| May 6, 2024 | 27.445 | 0.990 | 3.74% | 26.455 | 27.477 | 26.422 |
| May 5, 2024 | 26.456 | -0.097 | -0.37% | 26.553 | 26.625 | 26.449 |
| May 3, 2024 | 26.542 | -0.120 | -0.45% | 26.662 | 26.871 | 26.111 |
| May 2, 2024 | 26.674 | -0.090 | -0.34% | 26.764 | 26.812 | 26.007 |
| May 1, 2024 | 26.762 | 0.423 | 1.61% | 26.339 | 26.961 | 26.277 |
| Apr 30, 2024 | 26.343 | -0.730 | -2.70% | 27.073 | 27.133 | 26.227 |
| Apr 29, 2024 | 27.074 | -0.126 | -0.46% | 27.200 | 27.426 | 26.938 |
| Apr 28, 2024 | 27.201 | 0.069 | 0.25% | 27.132 | 27.227 | 27.121 |
| Apr 26, 2024 | 27.186 | -0.161 | -0.59% | 27.347 | 27.724 | 27.077 |
| Apr 25, 2024 | 27.346 | 0.157 | 0.58% | 27.189 | 27.567 | 26.973 |
| 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 |
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.
Bank of England preview: possible rate cut in summer?
The Bank of England (BoE) is widely expected to keep interest rates unchanged when it meets later this week. Data from Reuters shows a 90% chance of no change to the current rate of 5.25%, but the central bank will need to decide whether to change the messaging about rate cuts this year as traders will be paying close attention to any rate-cut clues.
12:39, 8 May 2024We’re partnering with Newsquawk
Filter out the noise and focus on the news that matters.
08:32, 23 April 2024US Earnings Season: Tesla, Alphabet, Meta Platforms and Microsoft
The first lot of Wall Street’s mega-cap tech companies report in the coming week. We preview what to expect from Tesla, Alphabet, Meta, and Microsoft’s quarterly results.
15:56, 22 April 2024Gold price in 2024: geopolitical tensions and rate-cut expectations keep XAU/USD supported
Investors are keeping a close eye on gold as the conflict in the Middle East escalates with a possibility of a full-scale regional war in the area.
07:56, 17 April 2024US Earnings Season : JP Morgan, Citigroup, Wells Fargo
The first major US banks report quarterly earnings on Friday, April 12th, 2024. We preview what to expect from JP Morgan, Citigroup, and Wells Fargo's quarterly numbers.
16:03, 11 April 2024Reserve Bank of New Zealand Preview: Rates expected to remain on hold as inflation fight continues
The Reserve Bank of New Zealand (RBNZ) meets on Wednesday, April 10, 2024. We preview what to expect from the meeting and its possible impact on the NZD/USD.
09:22, 11 April 2024US CPI Preview: US inflation expected to grind lower amid fears about sticky prices
US CPI data is released on Wednesday, 10 April. We preview what to expect from the data, how it could influence US Federal Reserve policy, and analyse the NASDAQ (US Tech 100).
15:11, 9 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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