Silver rate today
The silver rate is the price of pure silver on the world market, converted into euros per gram. This is the basis under every purchase price we work with.
- Per gram
- €1.62
- Per kilo
- €1,622
- Change
- +1.03%
- Per troy ounce
- €50
- Yesterday’s close
- €1.61/g
- Today’s open
- €1.61/g
- Current
- €1.62/g
- Updated
- 03:05
What a rate actually is
The silver rate is the price traders on the world market are paying for pure silver at this moment. Internationally it is quoted in dollars per troy ounce, a measure of weight of 31.1035 grams used only for precious metal. We convert that quotation into euros per gram, at the exchange rate of that same moment.
That conversion explains why the price here can move while the international news is quiet: if the relation between the euro and the dollar changes, what you receive changes with it. We fetch the quotation every minute, so that what you see really does apply at the moment you are looking.
Why the silver rate moves
Silver is half investment, half raw material. A large part of the yearly demand comes from industry: electronics, solar panels, contacts and medical applications. The rate therefore moves not only with investors but also with the economic cycle and with the building of solar parks.
That double role makes silver more volatile than gold. In percentage terms the swings are generally larger, in both directions. Anyone hoping to sell at a favourable moment notices that sooner with silver than with gold.
Traders often look at the relation between the gold price and the silver price, the gold-silver ratio. It says nothing about what your piece fetches today, but it does explain why silver sometimes lags behind while gold rises.
From rate to purchase price
The rate above applies to pure silver. Your piece of jewellery or your coin is almost never a hundred per cent: the fineness decides how much pure metal is really in it. That proportion times the rate times the weight is the basis of what you receive.
There is a difference as well between the rate and what we pay. Between your piece and tradable material lie melting, separating and assaying, and those costs make up our margin. We show that margin openly on the price page, so that you can work out for yourself how we get from the rate to the amount on the table. With bars and coins that difference is smallest, because nothing has to happen to them.
The table below shows what that means in practice, per alloy.
| Alloy | Hallmark | Purity | Per gram | Per 10 grams |
|---|---|---|---|---|
| Zilver 999 | 999 | 99.9% | €1.62 | €16.21 |
| Zilver 925 | 925 | 92.5% | €1.50 | €15.01 |
| Zilver 900 | 900 | 90% | €1.46 | €14.60 |
| Zilver 835 | 835 | 83.5% | €1.35 | €13.55 |
| Zilver 833 | 833 | 83.3% | €1.35 | €13.51 |
| Zilver 800 | 800 | 80% | €1.30 | €12.98 |
Material value based on the current silver rate of €1.62 per gram, updated every minute. Prices are indicative; we establish the definitive purity at the counter.
More about silver
Questions about the silver rate
Where do these rates come from?
From the international precious metal market, by way of our rate supplier Swissquote. The quotations are given in dollars per troy ounce; we convert them at the current euro rate into euros per gram and store every measurement, so that the movement can be looked back over.
What is the spot price?
The spot price is the price for immediate delivery of pure precious metal on the world market, quoted in dollars per troy ounce (31.1 grams). That quotation forms the basis of every purchase price. We convert the spot price into euros per gram, so that you can compare it directly with our prices.
Why does the gold price in euros move differently from the one in dollars?
Gold is quoted worldwide in dollars. If the euro-dollar rate changes, the gold price in euros changes with it – even when the dollar price stays the same. For what you receive, only the euro price per gram at the moment of sale counts.
Can I fix a rate?
Yes, with larger lots we can fix the rate for an agreed period. That way you know in advance where you stand, even if the market moves between the agreement and the delivery. Please contact the head office in Eindhoven for that.
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