Silver

$24.89
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0.023 (0.09%)

5:14 pm 13/04

About & Performance

Silver (Ag) is a precious metal that’s around 1/80 the price of gold.

Demand for silver comes equally from both industrial and investment avenues (significantly more than gold's 11% industrial demand). This unique balance means that the economic outlook for the world economy can directly affect the price.

The U.S. Geological Survey (2015) states the global usage of silver is:

  • Electrical & Electronics - 29%
  • Coins & Medals - 25%
  • Photography - 8%
  • Jewellery & Silverware - 7%
  • Other - 31%

The London bullion market (LBMA) is regarded as the industry benchmark with the spot price set once daily at 12:00pm GMT in US dollars. COMEX Futures are usually quoted online as they are transparent and trade 24 hours a day.

The ETFs Physical Silver (ETPMAG) is the only ASX listed ETF that tracks the physical price of silver.

Market Index tracks the COMEX Futures.

Silver Prices AUD USD
Troy ounce (oz) $32.716 $24.89
Pound (lb) $477.101 $362.978
Gram (g) $1.052 $0.80
Kilogram (kg) $1,051.828 $800.231

5:14 pm 13/04 US/oz

Performance US/oz Amount Change
1 Week -0.31 -1.21%
1 Month -1.12 -4.31%
3 Month -0.26 -1.03%
6 Month -0.38 -1.50%
1 Year +9.06 +57.23%

5:14 pm 13/04 US/oz

ASX Silver Companies

Closed - 04/2021
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The ASX doesn’t have many silver companies. Most companies mine silver as a by-product of producing other metals (e.g. lead, zinc, copper and gold). Australia holds around 16% of the world’s silver resources with 55% located in Queensland [1]. View an image of Australia’s 2016 silver deposits and operating mines.

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FAQs

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Resources

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Comodities Workbook

(Spreadsheet)

Download a spreadsheet of the official silver price (USD/oz) since 1968.

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All Australian Mineral Resources (9 Maps)

(High-Definition Map)

A list of Australia's major minerals with statistics and maps outlining all known deposits and operating mines.