How to Learn the Present Spot Silver Price

Silver is traded on several exchanges around the world, but London is the global benchmark for silver prices, followed by New York. Silver prices in London are fixed each afternoon in a meeting where all the orders to buy and sell are balanced until a committee arrives at a price. In New York, silver futures trade in real time on an exchange.

London Silver

• 1

  Go to the website of the London Bullion Market Association. The latest silver fixed price will be displayed in U.S. cents, British pence and Euro cents per ounce.

• 2

  Click on the "more" link to see past silver fixings for the entire calendar year.

• 3

  Click on the link "Statistics" and then choose "Historical Statistics" to get daily, monthly and yearly averages back to 1968.

New York Silver

• 1

  Go to the website of the CME Group, which owns the NYMEX exchange where silver futures are traded.

• 2

  Find the calendar month with the most volume.

• 3

  Look in the column labeled "last" for the most recent price. Current prices will be delayed at least 10 minutes.