Silver (XAG) Price

XAG

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Please note: like most trading venues, we display the current mid-market rates in our price charts. When you trade, you get the current bid or ask price depending on whether you are buying or selling. There is always a slight difference between the mid-market and the current bid or ask prices. This is a natural result of how Exchange order books work.

About Silver (XAG)

Just like gold, silver has been valued as a currency and precious metal for millennia. It’s shiny, can be made into beautiful things, and can’t be faked or manufactured.

The silver price changes continuously because it's one of the most heavily traded metals. 

  • Silver often follows the price of gold. So when gold goes up, silver often goes up, too. Considered a store of value, investors typically turn to silver in times of crisis. 
  • Silver production can be a by-product of other metals since it naturally occurs in this way. As metals like copper are mined, silver appears as a natural by-product
  • Silver has many uses, especially in batteries, solar panels, and electronics.

What’s the silver price today?

The silver price changes continuously because it's one of the most heavily traded metals. 

  • Silver often follows the price of gold. So when gold goes up, silver often goes up, too. Considered a store of value, investors typically turn to silver in times of crisis. 
  • Silver production can be a by-product of other metals since it naturally occurs in this way. As metals like copper are mined, silver appears as a natural by-product.
  • Silver has many uses, especially in batteries, solar panels, and electronics. 

What the bears are saying

  • Silver is volatile: One of the biggest dangers of silver is that price fluctuations can be less predictable than other commodities. Global demand can influence its value, and you may not be as easily able to predict what’s happening, which can lead to surprise losses.
  • It’s expensive to store: Physical silver is difficult to store safely at home and requires secure custody. Unsecured, it’s easier for thieves to steal than a telly. 
  • Silver can’t be easily taken across borders: Unlike cryptocurrency, silver is not portable in any quantity as a source or store of value if you're faced with a personal or country-wide crisis.

What the bulls are saying

  • Silver performs well in bull metals markets: Gold is always the metal people think of in booming metals markets, but silver often outperforms gold.
  • Silver reserves across the world are lower now: While gold is held in vast quantities by governments, silver isn't. 
  • Silver demand is growing: We're heading towards an electronic future. With the massive growth in solar panel, battery, and electric car production (as well as computers, smartphones, tablets, and TVs), there’s no slowdown likely for silver demand anytime soon.

How to buy Silver (XAG)

Here’s how to get started:

  1. Go to Uphold.com and click ‘Sign up’.
  2. Enter your email address, personal details, and create a password.  
  3. Your account will be created instantly and you can start using Uphold.

Want to buy USD $100 worth of SILVER? As soon as you transfer USD - or any other fiat currency -  to your silver sub-account, it's instantly converted into ounces at our current rates.

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