Silver prices corrected sharply from a January all-time high to current levels, driven by sentiment and macroeconomic factors. The market is in its sixth consecutive year of structural deficit, with industrial demand from solar, AI, and electrification remaining robust. Analysts maintain full-year average forecasts above the current price.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Silver | China | FOB | USD 73.14/Ounce | August 2026 |
| Silver | India | CIF | USD 73.14/Ounce | August 2026 |
| Silver | USA | CIF | USD 73.14/Ounce | August 2026 |
| Silver | Germany | EXW | USD 73.14/Ounce | August 2026 |
| Silver | Australia | CIF | USD 73.14/Ounce | August 2026 |
| Silver | China | FOB | USD 65.55/Ounce | July 2026 |
| Silver | India | CIF | USD 65.55/Ounce | July 2026 |
| Silver | USA | CIF | USD 65.55/Ounce | July 2026 |
| Silver | Germany | EXW | USD 65.55/Ounce | July 2026 |
| Silver | Australia | CIF | USD 65.55/Ounce | July 2026 |
Stay updated with the latest Silver prices, historical data, and tailored regional analysis
In USA, the average price of Silver was ~USD 65.55/Ounce (CIF) in July and around USD 73.14/Ounce in August, showing a ~11.6% increase. Silver traded sideways in July, then rallied in August after the US Treasury expanded its bond buyback program and higher energy prices from the Iran conflict boosted safe-haven buying. Strong physical demand from India also helped, with Indian silver imports rising in August despite a higher import duty. In September, the Federal Reserve raised interest rates, and higher bond yields and a stronger dollar pushed silver down. In China, silver fell more than gold, as a weak manufacturing outlook lowered expected demand from solar, chemicals and electronics. Solar demand stayed under pressure because panel makers had bought heavily earlier in the year ahead of an export rebate removal and were then using up those stocks. Silver-saving technology in panels also spread more widely.
Analyst Insight
According to Procurement Resource, in the near term, silver prices are likely to stay volatile, following interest rates and the dollar, while weak solar demand should limit gains.
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In China, Silver prices averaged ~USD 86.8/ounce in May and ~USD 74/ounce in June, showing a ~15% decrease. In India, Silver prices similarly averaged ~USD 86.8/ounce in May and ~USD 74/ounce in June. The correction was driven by stronger dollar conditions, changing interest-rate expectations, and weaker investor risk appetite. In India, silver imports fell sharply during May, with import volume declining to 33 tonnes, reflecting tighter import restrictions and higher duties. This reduced physical-market support in Asia, while cautious industrial demand in China also weighed on sentiment. Despite the correction, structural supply tightness remained a key support, with the market expected to record another annual deficit in 2026 and global supply projected to decline. Industrial consumption from solar and electronics continued to provide underlying support, limiting the impact of weaker investment demand.
Silver is a naturally occurring element. In appearance, Silver is a white and lustrous metal. It is used as jewellery, silverware, electronic equipment, and dental fillings. It is also utilised to make photographs, in brazing alloys and solders. Silver is known to have the highest electrical conductivity, thermal conductivity, and reflectivity than any metal.
Ag
Brazing alloys, Batteries, Dentistry, Glass Coatings, LED Chips, Medicine, Nuclear reactors, Photography, Photovoltaic (Or Solar) energy, RFID Chips (for tracking), Semiconductors, Ornaments, Touch screens, Water purification
7440-22-4, Argentum, Silver Metal, Silver Atom
Umicore N.V, American Elements, MMC Norilsk Nickel PJSC, Hindustan Zinc Limited, Korea Zinc Co., Ltd., Yunnan Tin Group Company Limited (YTC), Polymetal International plc, Pan American Silver Corporation
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Silver can be derived or extracted by using smelting or chemical leaching process, where heat and chemical reducing agents are utilised to get the base metal from the ore. Thus, smelting process leaves Silver behind from its ore. However, Silver can also be produced during the electrolytic refining of copper through Parkes process.
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This report provides the cost structure of polyacetal resin production by the silver-catalysed process. In this process, methanol is oxidized to formaldehyde, using silver as a catalyst.
Silver Nitrate Manufacturing Plant Project Report thoroughly focuses on every detail that encompasses the cost of manufacturing. Our extensive cost model meticulously covers breaking down expenses around raw materials, labour, technology, and manufacturing expenses. This enables precise cost structure optimization and helps in identifying effective strategies to reduce the overall cash cost of manufacturing.
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