Silver Price per Ounce Today – Live

The price of silver depends on the factors that determine the supply and demand of silver in the market. Indicatively, the latter are determined by the needs for production, storage, consumption, trade, or investment in silver products. However, in relation to the
Gold Price
which is assumed to be constant, the price of silver shows extreme volatility. This is because silver has a lower market liquidation value than gold and greater fluctuations in its demand for industrial and investment use. This often leads to different estimates of its value, resulting in significant changes in the price of silver itself.While changes in the price of silver may follow changes in the price of gold, due to similar changes in demand for storage and speculation, nevertheless, the gold to silver price ratio can vary. For example, in the 20th century, the average value of this ratio (gold/silver) was 47:1.