1 Kilo Silver Bullion Price Charts

Monex does not offer any products at spot prices. The true spot silver price is merely a benchmark per-ounce price that acts as a reference associated with the present month of the COMEX futures contract. In fact, a genuine spot silver price is not truly a quote at all, as it is not where dealers offer to buy or sell. Monex offers a two-way buy/sell market with quoted Ask and Bid prices. Ask prices for silver products reflect competitive marketplace conditions for a particular type of silver investment. There are, however, charges that accompany transactions including buy/sell fees, shipping expenses or storage charges. Monex quotes extremely competitive prices for silver bullion depository delivery and publishes buy/sell commission charges commensurate with the size of a transaction. For greater transparency, the Monex live spot silver price for its 11-hour trading day can be found here on our Live Prices page and by using the Monex Bullion Investor smartphone app available for both Apple and Android smartphones.

The final “Closing” silver prices at Monex are the last prices quoted for its 11-hour trading day for each of the silver products it offers.

Spot silver prices can and do change throughout the day. Monex monitors marketplace activities and adjusts its Ask, Bid and Spot prices as much as 50 times or more throughout its 11-hour trading day. In active market conditions when spot silver prices can become extremely volatile, prices can change almost continuously, moving up and/or down many times in a single minute, and for hours on end. The latest spot prices are listed here on the Live Prices page. Using the Monex Bullion Investor smartphone app. They may also be obtained by calling a Monex Account Representative at the phone number listed at the top of this page.

As a commodity, the price of silver can and does fluctuate from day to day, and in fact, from minute to minute throughout the day. The current price of silver is the result of all buyers and sellers across the globe meeting at transaction prices, according to combined supply and demand forces. Fundamentally, the availability of supplies of silver bullion – from mines, scrap recovery, government stockpile disposals and investor liquidations – versus demand – from industrial uses, jewelry/silverware fabrication and investor acquisitions – are the driving force behind silver's worldwide marketplace prices.

Today, the factors most notably influencing silver prices are (a) the unparalleled degree of geopolitical uncertainty making silver an exceptional investment alternative; (b) ever-increasing industrial uses due to silver's unique reflective and conductive properties, especially in batteries and electronics; (c) growth in demand for medical applications using silver as a more organic antibiotic agent for germicide and disinfectant purposes; and (d) the loss in silver demand from the declining film photography sector. However significant, declining photography demand is replaced, to an extent, by incredible demand from electronics as film's replacement. One sector with exceptional potential is the 'photovoltaic' necessity of silver in solar panels, which could see phenomenal global growth.

Bullion bars and coins are sold at Monex Ask prices, which are subject to a buy charge. An “Ask” price is a dealer quote inviting an investor to buy, and “Bid” is a quote at which the investor would sell. The difference that the Ask price is greater than the Bid price is the dealer's bid-ask spread. Common industry practice is to reference a “Spot” price, which benchmark relates to a per-ounce price of the current (“Spot”) month.

In order to reference one price of silver, the industry standard is to use the price between bullion buy/sell prices where traders are not inclined to be buyers or sellers, suggesting a fair nominal price reference commonly referred to as the spot price. As far as different forms of physical silver, certain lots may be more or sometimes less desirable than the standard industrial grade .999 fine 1,000-ounce silver bars, resulting in Ask and Bid prices that can be much more or far less than the nominal spot price. Monex lists its spot, ask and bid prices on the Live Prices page and on individual product pages, and updates these prices throughout its 11-hour trading day.

Silver can be found in many different forms, quality and locations, which means silver has different price points at any one instant in time based on supply and demand. The most universally quoted prices for silver are for the large commercially standard .999 fine pure silver 1,000 ounce bars, depending, of course, if one is buying or selling. To reference one price of silver, the industry standard is to use the price between bullion buy/sell prices where traders are not inclined to be buyers or sellers, suggesting a fair nominal price reference commonly referred to as the spot price. Over time, silver prices are recorded, compared and charted to suggest trends and overextended price moves. Besides the most current silver price, comparison to the previous day's final price and the 100-day average of final spot closing prices are frequently monitored.

The term “spot” represents present settlement and delivery terms, rather than a forward term contract and associated price. Common practice of the metals industry is to publish a benchmark market value, which most universally is a particular day's final settlement price per ounce of the New York commodity futures exchange (NYMEX) “spot” month. At other times of the day, metals dealers assess world markets to infer what they believe to be a benchmark spot silver price. Monex publishes a spot silver price along with quoted ask and bid prices of its silver products, all of which have been an industry-respected reference. If a dealer has two different spot prices, that suggests buying or selling spot bullion at ask and bid prices, and is not a precious metals industry commonly-used benchmark value for price comparison purposes. The Monex live spot silver price for its 11-hour trading day can be found here at our Live Prices page and by using the Monex Bullion Investor smartphone app available for both Apple and Android smartphones.

The silver price charts above feature Monex spot prices per ounce, which represent the midpoint between Monex bid and ask prices per ounce, for pure (minimum .999 fine) 1,000-ounce silver bullion bars. The 3-Month Live chart above incorporates the latest silver bullion price for the current trading day, while the 6-Month Candlestick, 1-Year Close, 5-Year Close and 10-Year Close charts include the last Silver Bullion price for the previous trading day. These charts incorporate the widely accessible Monex price information available not only to Monex customers and prospective customers, but also to all websites, competitors, researchers and government officials alike.

In addition, Monex is pleased to offer our customers and prospective customers a wide selection of other tools, including exclusive and customized charts not available to the general public. Located on special restricted-access pages, these additional charts and tools are available via special links which can be sent to qualified recipients in special emails sent from Monex. For access to these additional charts and tools, please call a Monex account representative at the phone number listed at the top of this page.

Although most recently the silver bullion market has been on a generally positive path, silver is down significantly from its high price of about $50 per ounce a few years ago. You see, though the U.S. Dollar has significant fundamental weakness, and some say will sooner or later fail altogether, it seems to be in better shape than many other troubled currencies around the globe. Furthermore, America's stock market seems to be in a bubble advancement phase, and few investors wish to exit the train until it shows signs of failure. This presents a less bullish scenario for alternative investments such as precious metals and puts downward pressure on silver prices.