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silver price

The Spot Silver Price Today With 200 Day Moving Average Silver Chart

39 comments

Reading time: 4 – 6 minutes

THE SPOT SILVER PRICE TODAY

The silver price today can vary widely in the spot silver market. The silver prices today are shown below in troy ounces. 1 troy ounce = 31.1034768 grams. I recommended buying silver when it was “extremely cheap” around $10.50 per ounce, have followed it through backwardation with gains over 50% and am still fond of the white metal. The 200DMA is the 200 day moving average. The Relative number is the current price divided by the 200DMA. This shows whether the metals are cheap, average value, expensive or really expensive. The goal is to buy low and sell high.

GET THE SKINNY ON SILVER INVESTING

PRODUCT DESCRIPTION

A short 120 page primer that lays a very good and objective groundwork of silver history, the silver industry, silver’s use as money, silver leasing, potential market manipulation along with suggestions on the different ways to invest in silver. is your roadmap to the general financial and economic environment.

DATA FOR SILVER PRICES TODAY

RunToGold.com silver prices today are provided by a data feed from GoldMoney. For third-party storage we recommend GoldMoney and for physical possession we recommend GoldSilver because of the great prices and A BBB rating.

The silver price is sometimes referred to as world silver price, New York silver price, London Metal Exchange silver price, spot silver price, market silver price and silver bullion price. These silver prices are indications of the current trading silver prices for one troy ounce of silver on world silver exchanges.

The silver price used in the silver price charts on Run To Gold are the 24 hour Spot Silver Bid Price which are discovered in New York, London, Hong Kong and Sydney. These silver prices are quoted in Federal Reserve Note dollars (FRN$). Throughout the world the silver prices today are often displayed in currencies other than the FRN$ and are converted into the local currency.

Like all silver prices, the current silver price today reflects the inherent value of silver and the relative strength of the underlying fiat currency. For example, the FRN$ price of silver may increase more in percentage terms than silver priced in Euros. The reason would be that the change in silver prices is a reflection of FRN$ weakness against the Euro and would not be the result of the change in the intrinsic value of silver based on the silver market fundamentals.

The current cost of silver today is determined by industrial, investment and jewelry demand. The current silver price graphs show that a graph of silver prices is increasing which means investing in silver for profit may be possible given the sliver price.

The cheapest silver prices can be obtained from silverspot price as the silver value graph shows 1 troy oz silver value. The price of silver graph shows that price of sil is increasing in silver graphs which means investing in silver for profit may be done as the price of silver, or silver prie, can be obtained from silver prices graph as the silver price graph shows silver spot pric.

Run To Gold silver price charts are updated every 1 minute for both the live silver price charts and the moving averages. The 50 day and 200 day moving average silver prices are the sum of the average sliver prices for the most recent 50 or 200 trading days.

CONCLUSION

The price of sliver can vary tremendously. As you watch the average silver prices you will be able to get a better feel for the market. The monetary metals of gold, silver and platinum are a great way to store wealth and can be used to perform accurate metal calculations of value using tools like the Numeraire spreadsheet. Now is a great tim to buy silver.

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39 comments

ABOUT THE AUTHOR: Trace Mayer, J.D., author of The Great Credit Contraction holds a degree in Accounting, a law degree and studies the Austrian school of economics. He works as an entrepreneur, investor, journalist and monetary scientist. Follow him on Twitter. This is merely one article of 241 by .
Free Free Great Credit Contraction Sample

{ 32 comments… read them below or add one }

1 Frank Abelard January 6, 2011 at 11:12 am

How do I find the amount that a reputable dealer should pay me for 1 ounce Silver Eagles? Is it the bid price? Does it make any difference as to how many ounces I want to sell. What is the relationship of Spot, Bid and Ask?

2 Trace Mayer, J.D. January 6, 2011 at 12:37 pm

Hi Frank,

That is a great question because of the need for liquidity. Apmex makes this process extremely easy. For example, (1) click to Apmex, (2) locate the product you want to sell back and (3) click ‘Apmex buy price’. In the description you will find what Apmex will pay for the particular item.

Hope that helps.

3 Lee Schaeffer January 6, 2011 at 1:40 pm

I am considering buying American Silver Eagle coins using my self-directed IRA. What is involved when buying more than $10,000? Thanks for your insightful messages and reply.

4 NAYAN January 7, 2011 at 7:16 am

HELLO SIR,
WHERE IS THE MARKET OF SILVER ?
HOW CAN I SELL OR PURCHASE ?
THANKS & REGARDS
NAYAN
9460253731

5 seb smith January 8, 2011 at 6:26 am

Would know be a sensible time to buy silver and If so how much would a kg roughly be

Thanks
Seb

6 Duffminster January 19, 2011 at 3:04 pm

I am still very fond of silver for many reasons. I read a great article today over at SilverSeek.com by Bix Weir entitled “SILVER: What happens when…”

I keep a sheet of basic facts related to the long term silver inventory and supply and demand factors that I wish the broader investing public would keep in mind as well so that silver can reclaim its rightful place in the value hierarchy. And particularly when the giant Bullion Banks that control our government attack silver as they do every single day by holding their massive concentrated short positions without let up.

1. Silver inventories have declined from 10 billion ounces in 1940 to 1 billion today.
2. There is now approximately 3.8 billion ounces of above ground gold available.
3. Silver is not only a monetary precious metal but a highly useful and irreplaceable industrial metalused in high technology, medical and other manufacturing applications.
4. Very little of the silver used in industry is recycled.
5. The historic ratio between silver and gold is about 16.
6. The current ratio between silver and gold prices is about 48.
7. Physical demand for physical silver and silver coins is at all time highs and accelerating.

So, silver is actually substantially more rare than gold and yet the price ratios do not reflect the physical reality yet. This means that the long term price suppression of silver via the extreme concentrations of short positions by one or two of the largest Bullion banks has created a sling shot of potential upward price energy. If the CTFC investigation into silver price suppression or any of the current law suites, class action or otherwise, fully reveals the degree and level of ongoing suppression, silver may quickly revert to its historical ratios, and given its increasing rarity and industrial and technological usefulness, climb well beyond its less rare cousin, gold.

7 Ryan Montgomery January 28, 2011 at 4:58 am

Lee,

Should you purchase silver via your self-directed IRA, might I suggest a company named, International Collectors Associates (ICA), a McAlvany Financial Company out of Durango, CO. They are lead by Donald S. McAlvany (whom is also the Editor of The McAlvany Intelligence Advisor, which is a monthly in-depth monetary, economic, geopolitical and precious metals analysis of trends which impact the gold and precious metals markets and is explicitly Christian, conservative, and free-market in its perspective). One of the Account Advisors who really knows his precious metals is Miles A. Green. Their phone number is 800-525-9556, fax is 970-259-2673, email is miles@frontier.net and their address is 166 Turner Drive, Durango, CO 81303. If you can’t reach Miles, you may reach Kevin Orrick. THEY SPECIALIZE IN SELF-DIRECTED IRA via Sterling Trust. This company knows what they are talking about and can help you turn your declining American Dollar into Gold and/or Silver Bullion before the dollar melts away.

I hope this helps.

Regards,
Ryan

8 Russ Platt February 3, 2011 at 8:24 am

Trace, I know I’ve read it somewhere here but could you give the percentages
above or below the 200 DMA for average, expensive and very expensive.

Thanks

9 Trace Mayer, J.D. February 6, 2011 at 6:59 pm

Hi Russ,

Here is the article about the 200-day moving average.

10 Ron February 23, 2011 at 8:23 am

Is there a site where you can place a bid for a specific amount of silver. This bid would be under the current selling price. Thank you.

11 Virginia Beach Wedding Photographer March 10, 2011 at 3:21 pm

With the spot price of silver at $35.27, is it a good time to sell some junk silver? I’ve had it for years and Im not sure if this is the time, because others on the street say silver culd go to $200. in a few years.

12 Trace Mayer, J.D. March 10, 2011 at 8:21 pm

Junk silver is good for hedging risk of systemic collapse. I do not really think junk silver is good for trading because of the higher premiums relative to other alternatives like futures or SLV. Therefore, I would not sell junk silver but instead trade the paper silver if looking for the speculative gain. I do think the silver price is getting pretty speculative and because of the 200dma price being so much lower than the current price therefore I think caution is warranted and the price may likely decline. But I do not think that risk and the potential recognized gain, in colored coupons which could become worthless, from selling junk silver is worth engaging in the transaction.

13 Terry Green April 19, 2011 at 11:27 am

Does anyone know what kind of discount is the typical dealer going to give from the bod-ask spreads? Or shoukd I expect to sell rigth at the bid price?

Thanks for any info.

tag

14 govind ahuja April 21, 2011 at 6:13 am

I FEEL THIS IS A LAST MONTH OF SILVER GO WILL UP SIDE IT MAY REST ON $50 IN 2-3 SESSION & SOME PROFIT BOOKING FROM HIGH LEVEL NEXT MONTH IT MAY BE TEST $34-36 DOLLAR IF U BUY AT THIS LEVEL THIS IS GOOD FOR INVESTMENT

15 DD April 26, 2011 at 9:19 am

if silver is on its way up and you say buy extremely cheap – when should i buy?

16 Investing for Beginners August 15, 2011 at 8:59 pm

This is an awesome site. I needed to link to a webpage that provided the Market Prices for silver, and as I searched the web, I found sites that offered it, but many of them looked confusing and cluttered. This one was the best one, informative, clean, and so I linked to it from my page about Silver ETFs. Thanks so much!

David

17 Trace Mayer, J.D. August 16, 2011 at 7:34 am

David, glad you have found this site helpful!

18 pailin October 8, 2011 at 12:34 pm

How can I download the numeraire spreadsheet? I’ve tried several different ways and cannot figure it out. I agree with the principals, already live them, just need the tool for tracking and then I can analyze data for fine-tuning. Thanks!

19 Trace Mayer, J.D. October 9, 2011 at 12:04 am

pailin, Really wish there were an easy way to do this but I have not really built it yet besides what I use personally. I was thinking of having one of my programmers build a database driven Internet based solution that could feed into an iPhone or iPad app, as that is what I would like, but then I would have to figure out a way to justify the expense and I am not sure there are enough people who even understand what a numeraire is let alone why they should use gold as one. Plus, the last thing I need is some app like that; I’d be like a rat with a new cocaine source.

If you have decent spreadsheet skills then I suppose you could build a spreadsheet in Google Docs and I have a helpful Import function that I built specifically for this purpose.

=importdata(“http://www.runtogold.com/metalprices/data/summary.csv”)

This pulls in stock quotes:

=googlefinance(“pvx”)

That will import the current spot price, 50dma, 200dma for the four metals. I like to use either the spot gold or 200dma gold price as the numeraire. I use the 200dma when dealing with consolidated financial statements as I have my fingers in a lot of pies …. Then you can just keep track of the numbers on a monthly basis and use those for charts, etc. Total net worth +700% in 200dma gold from Oct 2008. Pretty decent considering I am such a turtle. WooHoo!

20 Balmyone October 28, 2011 at 10:17 am

The gold-silver ration has broke below 50, and is now at 49.60 or so. Given the fact that the historical average is around 40, and the fact that it should be at 15 – given that’s the actual relationship of gold and silver in nature – silver is likely to outperform gold going forward.

21 Trace Mayer, J.D. October 29, 2011 at 11:46 pm

I agree Balmyone. The ratio has continued declining since the start of this secular bull market in the precious metals. From 120ish to under 50. It hit a low a few months ago in the 30’s. It will probably go to around 8-15. But if things get real crazy it may even take more than one ounce of gold to buy an ounce of silver just like platinum.

22 Maddog23 November 9, 2011 at 10:08 am

Wait, didn’t Platinum fall below the value of Gold this year?? One of my suppliers took a position in it-and took a bath.

23 Trace Mayer, J.D. November 12, 2011 at 11:55 pm

Yes. The platinum to gold ratios are getting extremely out of historical norms. The market is probably discounting industrial demand from a slowing economy while giving gold a premium for its monetary status. There may be a significant opportunity for value capture with these ratios but it may take a while, a few years at least, for it to work out. Seems to depend on how long the credit crisis continues.

24 Ronald West November 26, 2011 at 2:42 am

Trace: I was just going to ask you why the Numeraire spreadsheet doesn’t seem to work when I tried to input data into the yellow portions, and then I scrolled up a few messages and pailin asked precisely what I was going to ask, so rather than look like a dummy, I will follow the advice given to him/her, and will design one myself. When I am done, I will e-mail it to you. You may have to make some minor corrections but I can do this.

I bought your book (Great Credit Contraction) and I bloody love it! I am slowly picking away at it as time permits. Awesome! Awesome! Awesome! I just hope those financial wizards in Washington, London, Ottawa, ECU, bla, bla, bla, can pull off the impossible and hold their doomed wheelbarrow currencies afloat long enough for me (and other Gold/Silver disciples) to amass huge physical inventories, in order to make huge capital gains and put more commas on our balance sheets.

My goal is 500 – 1000 ounces by the end of 2012. If Silver can manage its rise to $1000 an ounce, where it rightfully belongs, that’s my retirement fund. Woo Hoo!

25 Trace Mayer, J.D. November 29, 2011 at 6:56 am

Ronald, yes, the Numeraire spreadsheet does take some work and is just a template for everyone to make their own. I have been thinking about doing some more work on the topic but it may be pretty expensive to develop what I want.

Thanks for the compliments on the book. It really does help acquaint people with the big picture.

Good goal. Hope that is 500-1,000 ounces of gold. You will be able to buy all types of real estate when gold gets expensive and real estate cheap!

26 Ronald West November 29, 2011 at 11:19 am

Hi Trace:

Thanks for e-mailing me back and clarifying the Numeraire spreadsheet. I was wondering if you could recommend a good trading platform for trading paper silver. Easy Forex has a trading platform for gold but I didn’t see a platform for silver in their website. I need a platform ideally to trade everything… stocks, currency, gold, silver. In short, I want a trading platform that offers one-stop shopping, LOL. Any ideas?

Happy Holidaze,
Ronald West

27 Trace Mayer, J.D. November 30, 2011 at 6:58 pm

Ronald, I like Interactive Brokers. Cheap, easy and pretty basic. Tons of markets though and easy use of powerful tools. Not that I trust them all that much but good for speculating. For real assets have the paper share certificates or physical possession of the metal (trusted third parties like GoldMoney count).

28 silverbug December 18, 2011 at 8:27 am

Trace — is there an historical chart for the relative price of metals?
Eg. 5-year 200dma with a relative price line?

Thanks for your efforts.

29 Trace Mayer, J.D. December 18, 2011 at 9:58 am

silverbug, not that I know of. I am sure you could make one pretty easily though. All you need is the last 5 years + 200 days of silver price data.

30 Rebecca Sherwood February 6, 2012 at 10:44 am

I am thinking of investing in paper silver. What do you think of Secured Precious Metals International – is this a reputable company and is 15% one time fee OK.

31 Gold Silver Guy February 28, 2012 at 6:49 am

I’m not a big fan of paper silver but you probably could receive some nice gains in the next 10 years.

32 harold March 3, 2012 at 7:11 pm

Lee

If i was to invest i would invest in morgans not eagles. no 1099 needed for morgans less money more colletability

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