Silver Price Today – Forbes Advisor
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The price of silver today, as of 8:17 am ET, was $23 per ounce. That’s up 0.01% from yesterday’s silver price of $23.
Compared to last week, the price of silver is down 4.08%, and it’s down 9.36% from one month ago.
The 52-week silver price high is $26, while the 52-week silver price low is $23.
Silver Prices Today
Silver Price Chart
How to Invest in Silver
Silver has long been considered a reliable asset to help diversify your investment portfolio. Some investors choose silver to hedge their other holdings, while others see it as a store of value that helps in uncertain times.
Here are the most common ways to invest in silver, from owning bullion to purchasing the shares of companies involved in silver production.
- Silver bullion. You can buy investment-grade silver bars of 99.9% purity in weights ranging from 1 ounce to 100 ounces. Lower-weight bars may be easier to sell in a challenging market than larger bars.
- Silver coins. There are a variety of silver coins available for purchase on the market, including both new-issue coins and collectible coins. Popular choices include the American Silver Eagle, the official silver bullion coin of the U.S., and the Canadian Silver Maple Leaf, which is Canada’s official silver bullion coin. Both weigh in at one ounce and are guaranteed to be 99.9% pure silver.
- Silver futures contracts. Futures are derivative contracts where a buyer agrees to purchase a set quantity of silver at a predetermined price on a future date. Silver futures let sophisticated investors speculate on prices and hedge their wider portfolios, providing exposure without the hassle of handling physical metal. Futures contracts can be easily sold prior to expiration.
- Silver stocks. Owning the shares of publicly traded silver mining companies is an easy way to get silver exposure without holding physical metal. Just be warned that the prices of silver stocks may be only loosely correlated with the price of silver.
- Silver ETFs. There are more than a few thematic exchange-traded funds focused…
