Silver Price Today
The live silver spot price is the global benchmark for one troy ounce of pure silver, shown below updated in real time along with the price per gram and every other common weight. Spot is what one ounce of fine silver trades for between dealers right now; it is the starting point for pricing sterling flatware, junk-silver coins, and bullion alike.
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Indicative price, may be delayed. Dealers buy and sell at a premium or discount. Not financial advice.
What the silver spot price means
Spot is the price of immediate delivery of one troy ounce (31.1034768 grams) of 99.9% pure silver. It moves all day as the market reacts to the dollar and to industrial demand, since silver is both a precious metal and an industrial input. Because it is quoted per troy ounce of pure metal, you convert to a per-gram figure by dividing by 31.1034768. At the 2026-07-22 snapshot price of $59.91 per troy ounce, that is about $1.93 per gram of pure silver. The board above shows the live number, which will differ.
Silver purity: fine, sterling, coin, and war nickel
Silver items are rarely pure. Purity is written as a decimal fineness: sterling .925 is 92.5% silver, the standard for flatware and jewelry. The table stamps the value of a single gram at each common fineness, using the fixed 2026-07-22 snapshot so the math stays reproducible. Multiply by your item's gram weight for an estimate, or use the live calculator for the current price.
| Type | Fineness (silver by weight) | Value of 1 gram |
|---|---|---|
| Fine silver | .999 (99.9%) | $1.9242 |
| Sterling | .925 (92.5%) | $1.7817 |
| Coin silver | .900 (90.0%) | $1.7335 |
| War nickel | .350 (35.0%) | $0.6742 |
Snapshot, 2026-07-22, at $59.91 per troy ounce ($1.9262 per gram of pure silver). Live prices above will differ. US 90% "junk silver" coins are coin silver; wartime Jefferson nickels (1942-1945) are 35% silver.
The gold-to-silver ratio explained
The gold-to-silver ratio is simply the gold spot price divided by the silver spot price: it tells you how many ounces of silver it takes to buy one ounce of gold. At the 2026-07-22 snapshot, $4,136.30 gold ÷ $59.91 silver gives a ratio of about 69 to 1. Traders watch it as a gauge of whether silver looks cheap or expensive relative to gold; a high ratio is sometimes read as silver being undervalued, though it is a rough signal, not a forecast. Compute it yourself any time from the two live spot prices on this site.
Got a jar of old US coins? See junk silver melt value: US 90% coins explained for the silver content and a worked example, or use the calculator.
More guides
- Junk silver melt value: US 90% coins explained
- Gold price today and the karat purity table
- Precious metal prices FAQ
Prices here are indicative, may be briefly delayed, and are not an offer to buy or sell. Dealers trade at a premium or discount to spot. Nothing here is financial advice.
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