Is silver a good investment?

Silver has two distinct demand components that create a complex investment profile: monetary demand (tracks gold, benefits from low real rates) and industrial demand (solar panels, electronics, EVs). The combination of structural industrial growth (solar PV) and potential monetary tailwinds (if real rates fall) creates a dual bull case. The higher volatility vs gold is both a risk and an opportunity.

What is the gold/silver ratio?

The gold/silver ratio is the number of ounces of silver needed to buy one ounce of gold. The long-term mean is roughly 60. A ratio above 80 historically signals silver is cheap relative to gold (silver has historically outperformed from those levels). The ratio is widely used as a relative-value indicator; mean-reversion traders buy silver and sell gold when it spikes above 80.

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Silver price today: live

Snapshot · Daily feed

Silver is half industrial metal, half monetary metal. It trades on COMEX as SI futures, with the LBMA Silver Price fixed daily in London at 12:00 PM. The gold/silver ratio is the primary relative-value indicator between the two metals.

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Silver price chart

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Silver CFDUSD/oz

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Research tools on Gold and Silver Tracker

Dig into silver the way pros do

Stock screener, insider transaction tracker, and ETF holdings database, all for silver specifically. Free, with attribution.

Silver Stock Screener

Filter silver miners, developers, and explorers by jurisdiction, exchange, market cap, and revenue mix. See who is pure-play vs diversified.

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Insider Transactions

Track Form 4 filings across silver producers. See which executives are buying or selling, with timing and cluster signals.

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ETF and Trust Holdings

Live holdings, AUM, expense ratios, and flow data for silver ETFs and trusts. See what the biggest funds actually own.

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Silver mining stocks

Major producers

Source: Yahoo Finance + SEC EDGARFull screener →

#	Company	Commodity revenue	Price	24h %	YTD	1Y	Geography
01	PAAS Pan American Silver Acquired MAG Silver (September 2025, $2.1B). La Colorada, Dolores, Huaron, Morococha, San Vicente. ~40Moz silver equivalent annual production.	~55%	—	—	—	—	Mexico · Peru · Bolivia · Canada · Argentina
02	WPM Wheaton Precious Metals Pure streaming. Silver streams on Antamina (Peru), Peñasquito (Mexico), Constancia, Salobo. ~180 Moz silver equivalent in reserves under streaming agreements.	~36%	—	—	—	—	Global (streaming)
03	AG First Majestic Silver Acquired Gatos Silver (January 2025, $970M). San Dimas, Santa Elena, La Encantada, and Cerro Los Gatos in Mexico. Pure-play primary silver producer.	~72%	—	—	—	—	Mexico
04	CDE Coeur Mining Acquired SilverCrest Metals (February 2025, $1.7B). Rochester (Nevada, expanding), Palmarejo (Mexico), Silvertip (BC). Diversified silver-gold producer.	~48%	—	—	—	—	USA · Mexico · Canada
05	FNV Franco-Nevada Royalty/streaming company with meaningful silver exposure through gold and silver streams. Debt-free, ~400 assets. Cobre Panama stream halted since Nov 2023.	~12%	—	—	—	—	Global (royalty/streaming)

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Precious MetalsCurated top 5

Silver producer stocks

All commodity stocks

#	Company	Ticker	Price	24h %	Exchange	Note
01	Pan American Silver NYSE: PAAS / TSX: PAAS	PAAS	--	--	NYSE	Largest Ag-focused producer
02	First Majestic Silver NYSE: AG / TSX: AG	AG	--	--	NYSE	Mexico Ag pure-play
03	Coeur Mining NYSE: CDE	CDE	--	--	NYSE	US/Mexico Ag-Au
04	Hecla Mining Company NYSE: HL	HL	--	--	NYSE	Largest US silver producer
05	Endeavour Silver Corp NYSE: EXK / TSX: EDR	EXK	--	--	NYSE	Mexico Ag-Au mid-tier
06	OR Royalties Inc. NYSE: OR / TSX: OR	OR	--	--	NYSE	Gold+silver royalty streamer

Ranked by commodity exposure (30%+ rule). Source: CommoditiesTracker hub database, June 2026. · Full producer database →

Silver ETFs

Top funds by AUM

Source: Yahoo Finance + ETF issuer pagesAll silver ETFs →

Ticker	Fund	Structure	Expense ratio	AUM	YTD	1Y
SLV	iShares Silver Trust BlackRock	Physical	0.50%	—	—	—
PSLV	Sprott Physical Silver Trust Sprott	Physical	0.35%	—	—	—
SIVR	abrdn Physical Silver Shares abrdn	Physical	0.30%	—	—	—
SIL	Global X Silver Miners ETF Global X	Miners	0.65%	—	—	—
SILJ	ETFMG Prime Junior Silver ETF ETFMG	Miners	0.69%	—	—	—

How silver prices move

What’s moving this market

Structural fundamentals · Reviewed annually

Supply

Mine supply is mostly a byproduct

Over 70% of silver mine supply comes as a byproduct of gold, copper, lead, and zinc mining. Mexico, Peru, China, Russia, and Australia are the top producing countries. Primary silver mines (Fresnillo, First Majestic) are relatively rare. Annual mine production of roughly 800-850 Moz is supplemented by 200Moz+ of recycling.

Silver Institute World Silver Survey

Demand

Industrial demand is the key growth driver

Silver has the highest electrical conductivity of any metal. Solar photovoltaic panels (~180 Moz/yr and growing), electronics, and automotive applications are the primary industrial demand drivers. Jewelry and silverware (~200 Moz/yr), physical investment (coins/bars), and ETF holdings make up the rest. Solar panel demand is the bullish structural growth story.

Silver Institute · Annual

Policy and macro

Real rates and the gold/silver ratio drive investment demand

Silver tracks gold on monetary and safe-haven demand but with higher volatility. Real interest rates (same driver as gold), the gold/silver ratio (mean ~60, current readings above 80 historically signal silver is cheap relative to gold), and industrial growth expectations are the three key macro variables. Silver typically outperforms gold in bull markets and underperforms in bear markets.

LBMA · COMEX · Daily

Key market data

Silver fundamentals

Annual Mine Supply

~820 Moz

Mexico ~24%, China ~14%, Peru ~13%, Russia ~7%, Poland ~5%, Australia ~4%. Over 70% comes as a byproduct of other metal mining.

Silver Institute World Silver Survey

Annual Demand

~1,050 Moz

Industrial ~56% (solar PV dominant and growing), jewelry ~19%, physical investment ~17%, ETFs ~4%, silverware ~4%. The market has been in structural deficit since 2021.

Silver Institute · Annual

Solar PV Demand

~180 Moz

Solar panels use ~100mg of silver per cell in the paste that conducts electricity from the photovoltaic layer. Global solar installations have grown 30%+ per year, making this the fastest-growing silver demand segment.

Silver Institute · IEA

Gold / Silver Ratio

See live

Long-term mean roughly 60. A ratio above 80 historically signals silver is cheap relative to gold; below 50 signals gold is cheap relative to silver. The ratio is the primary relative-value trading indicator between the two metals.

COMEX · LBMA · Daily

Silver ETF Holdings

~800 Moz

SLV (iShares), PSLV (Sprott), SIVR (abrdn) and global trusts combined. ETF holdings peaked at ~1.1 Billion oz in early 2021 and have since declined as interest rates rose.

Silver Institute · Individual issuer reports

Price Volatility (90-day)

~28%

Roughly 2x gold's volatility. Silver's thinner market and dual industrial/monetary demand create larger percentage moves in both directions.

Calculated · Daily

2026 price forecasts

Silver price targets from 20 analysts

Aggregated 2026 price forecasts from major banks, research houses, and industry bodies. Range, median, and revision history — every forecast linked to its source.

Consensus range

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How to invest in silver

Ways to gain silver exposure

Full investing guide

ETFs

Silver ETFs

The most accessible vehicle for retail investors. Trade like stocks, low expense ratios.

SLV PSLV SIVR

Equities

Silver stocks

Mining and producer stocks offer 1.5-3x leverage to the underlying commodity but carry operational risk.

PAAS WPM AG

Futures

Silver futures

COMEX / LME / NYMEX futures provide direct price exposure with leverage. Requires a futures-enabled brokerage account.

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Gold and Silver Tracker

The dedicated tracker site for in-depth silver research: screeners, insiders, ETF holdings.

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Frequently asked questions

Common questions, answered

The current silver price is shown at the top of this page, refreshed during COMEX trading hours from SI futures. The LBMA Silver Price is fixed once daily in London at 12:00 PM. One troy ounce equals about 31.10 grams.

Silver price today: live

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Dig into silver the way pros do

Major producers

Producer stock buzz

Silver producer stocks

Top funds by AUM

What’s moving this market

Mine supply is mostly a byproduct

Industrial demand is the key growth driver

Real rates and the gold/silver ratio drive investment demand

Silver fundamentals

Silver price targets from 20 analysts

Ways to gain silver exposure

Silver ETFs

Silver stocks

Silver futures

Gold and Silver Tracker

Common questions, answered

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