Live silver price in euros
Here is the live price chart for the silver price in EUR. Select your preferred weight unit to track the trends in silver prices.
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Performance of the price of silver in the past 24h in euros
Last update: May 2, 2024, 2:29 AM
| 1 h | 6 hours | 12 hours | 16 hours | 20 hours | 1 day |
|---|---|---|---|---|---|
+0.26% | +0.6% | +1.06% | +1.32% | +1.67% | +1.71% |
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Silver price today by weight and carats per gram in euros
Silver price is subject to change due to a variety of economic factors and is commonly quoted in various weights and carats.
Last update: May 2, 2024, 2:30 AM
| Weight | Current Price | Day Min | Day Max | Day Average | Daily Performance |
|---|---|---|---|---|---|
Gram | 0.86 | 0.85 | 0.87 | 0.85 | +1.71% |
Kilo | 861 | 845.24 | 866.78 | 851.91 | +1.71% |
Ounce | 26.78 | 26.29 | 26.96 | 26.5 | +1.71% |
Ton | 860996.35 | 845242.5 | 866783.48 | 851906.66 | +1.71% |
The historical performance of the silver price in euros
Our comprehensive silver price chart details the history of silver prices in EUR. You'll observe significant fluctuations over time, though the general historical trend has seen silver increasing in value.
Last update: May 2, 2024, 2:29 AM
| 1 day | 1 week | 1 month | 6 months | 1 year |
|---|---|---|---|---|
+1.71% | -1.54% | +6.48% | +16.54% | +7.21% |
Silver prices today per gram by currency
The price of silver varies depending on whether you're looking at it in US dollar, euro, British pound, or Swiss franc. This table allows you to track the gold prices in each of these currencies and more, as well as their daily performance.
Last update: May 2, 2024, 2:30 AM
| Currencies | Current Price | Day Min | Day Max | Day Average | Daily Performance |
|---|---|---|---|---|---|
EUR | 69.74 | 68.84 | 69.79 | 69.23 | +0.99% |
CHF | 68.46 | 67.53 | 68.59 | 67.97 | +1.10% |
USD | 74.7 | 73.36 | 74.83 | 73.93 | +1.47% |
GBP | 59.62 | 58.79 | 59.65 | 59.17 | +1.11% |
AUD | 114.87 | 113.31 | 115.09 | 114.06 | +1.10% |
CAD | 102.63 | 101.23 | 102.82 | 101.9 | +1.10% |
CNY | 542.85 | 535.48 | 543.88 | 539.01 | +1.10% |
INR | 6254.39 | 6169.41 | 6266.16 | 6210.08 | +1.10% |
JPY | 11770.06 | 11610.14 | 11792.22 | 11686.68 | +1.10% |
Why buy silver?
Diversifying your investment portfolio with precious metals, like silver, is considered a wise strategy by many investors. Silver, with its wide range of uses from jewellery to industrial applications, could be a great investment option.
Silver, with its intrinsic value as a precious metal, offers an affordable alternative to gold, opening the doors to a wider audience of investors, including those with smaller budgets. That's why at GOLD AVENUE, we feature a diverse selection of silver coins and bars.
The current trends of the silver price in euros in grams
Silver prices, like those of other investments, can be quite volatile, largely influenced by supply and demand dynamics, global market trends, and macroeconomic factors. Industrial demand plays a significant role in silver prices due to its extensive use in sectors such as electronics and renewable energy. The price of silver in Euros mirrors these market dynamics, reacting promptly to shifts in demand and broader economic events.
The evolution of the silver price in euros in grams
Silver prices in the Eurozone can be quite volatile, which mirrors silver price trends in other currencies. Because silver is usually priced in USD, the USD-EUR forex (foreign exchange) rate has a material impact on the cost of this precious metal in Europe.
A stronger Euro could make silver more affordable for investors here, boosting its demand and potentially raising its price.
A stronger USD can make silver more expensive for Eurozone investors, which may reduce demand in the region and drive down prices.
Where does silver come from and what is it used for?
Major silver-producing nations, including Mexico, China, and Peru, contribute to about half of the worldwide supply. Silver's wide-ranging uses, from solar panels to antimicrobial products, underpin its steady industrial demand. Unlike gold, the price of silver is influenced by both investment trends and its practical applications, making it sensitive to economic shifts and supply chain dynamics.
Disruptions in silver production from key countries like Mexico, China, and Peru can significantly impact its market value across various currencies, including Euros and USD.
Do other economic indicators impact the silver price in euros?
Yes, global economic trends, including inflation rates in the US, Eurozone and UK economy, currency fluctuations and geopolitical events, all influence silver prices. The industrial demand for silver means that economic indicators relevant to its industrial uses also play a key role in its pricing and the price of silver in Euros.
Can investing in silver be an effective way to diversify your investment portfolio?
Yes, investing in silver can help diversify your portfolio and hedge against market volatility. Diversification can help mitigate risks associated with specific asset classes, sectors, or regions. This is because the value of investments in a diversified portfolio tends to move in different directions.
For example, when the price of tech and pharmaceutical stocks falls, the price of silver in Euro and other currencies may rise as investors move their money out of higher-risk assets and into safer havens (although this is not guaranteed!).
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Frequently asked questions
Read the most frequently asked questions from savers and investors on GOLD AVENUE and on how to buy gold, silver, and precious metals.
How much does 1 gram of silver cost?
The cost of 1 gram of silver can vary depending on the provider. The metal value of fine silver is determined daily in an independent auction, but vendors typically sell silver at a percentage premium over the pure metal value. At GOLD AVENUE we offer a diverse selection of high-quality silver products.
How do you calculate the value of 1 gram of silver?
At the international level, the metal value of silver is expressed in US dollars per troy ounce, which means that different weight units must be taken into account when converting. As an example, the current price of silver is $23.74 per troy ounce and the dollar to euro exchange rate is 0.92 (as of March 5, 2024). Since 1 gram of silver is approximately 0.0321507 troy ounces, the metal value of 1 gram of silver is therefore approximately 0.69 euros (23.74 x 0.0321507 x 0.92).
Does the price of silver change?
In fact, the price of silver is subject to regular fluctuations and is determined daily in an independent auction by the LBMA (London Bullion Market Association). It is therefore advisable for investors to always follow the news and keep an eye on the current silver price.
How much is 1 gram of silver worth?
At the international level, the silver price, which is set by the LBMA London (London Bullion Market Association), determines the value of fine silver. The silver price is determined daily at 12:00 noon as part of an auction. It is important to note that the price of silver is quoted in US dollars per troy ounce. To determine the euro silver price for 1 gram, the weight and the dollar-euro exchange rate must be taken into account. With GOLD AVENUE this conversion takes place automatically.
