Live and historical data to help you understand the silver market.
USD per troy oz · Source: Yahoo Finance
Million oz · Negative = deficit (demand exceeds supply) · Source: Silver Institute World Silver Survey
The silver market has experienced record structural deficits in recent years, driven by surging demand from solar panels, electric vehicles, and electronics — while mine supply has remained constrained.
Store of Value
Silver has been used as money and a store of value for thousands of years, preserving purchasing power across generations.
Industrial Demand
Over 50% of silver demand comes from industry — solar panels, EVs, and electronics — creating strong structural demand growth.
Supply Constraints
Around 70% of silver is mined as a by-product of other metals. Mine supply cannot quickly respond to rising demand.
Gold/Silver Ratio
Historically silver trades at roughly 1/16th the price of gold. Today's ratio is significantly higher, suggesting silver may be undervalued.