Gold and Silver Market Prices Today
Quick answer: As of November 10, 2026, gold's spot price is $4,033.80 per troy ounce and silver's is $51.66. Over the past year gold has moved −2.0% and silver +2.7%. Over the last 252 trading days, the daily returns of the two metals had a correlation of 0.83, on a scale where 1 means they moved in lockstep and 0 means no linear link at all.
| Metal | Per troy oz | Per gram | Per kilogram | 1 month | 1 year | 5 years |
|---|---|---|---|---|---|---|
| Silver | $51.66 | $1.66 | $1,660.91 | −14.3% | +2.7% | +103% |
| Gold | $4,033.80 | $129.69 | $129,689.68 | −3.6% | −2.0% | +116% |
Reading the side-by-side table
The table gives each metal one row and the same five columns, so you can read across or down. The ounce column is the troy ounce, the standard unit for precious metals at 31.1034768 grams. The gram column divides that figure by 31.1034768, and the kilo column multiplies it by about 32.15, the number of troy ounces in a kilogram. Those conversions are arithmetic, not separate quotes, so they always agree with the ounce price in the same row.
The two change columns cover different stretches of time. The 24-hour change shows the latest day's move; the one-year change compares today's spot with the price a year ago. A metal can be down on the day and up on the year, or the reverse, and both columns are true at once. Colour is never the only signal: a rise carries ▲ and a fall carries ▼.
These are spot prices for large wholesale trades. A coin or bar bought from a dealer costs more, because the dealer adds a premium for fabrication, handling and margin, and that premium is usually larger for silver than for gold relative to the metal's value.
Two charts on one time axis
Silver price chart
COMEX silver futures closes (SI=F) from Yahoo Finance; linear scale. Built .
Gold price chart
COMEX gold futures closes (GC=F) from Yahoo Finance; linear scale. Built .
The paired chart puts gold and silver on the same calendar, one above the other, with separate price scales. Sharing the time axis lets you match a turn in one line with the same week in the other; separate scales stop gold's much larger price per ounce from flattening silver into a line along the bottom. Both lines are COMEX futures closes, daily on the one-year view and weekly on the five-year view, which is the same series the silver market price chart uses for its shorter tabs.
Over five years, gold has moved +116% and silver +103%. Over six months the picture is −13.8% for gold and −39.5% for silver. Read those pairs together and the pattern this page measures becomes visible: the two metals usually head the same way, but the size of each move can differ a lot.
How the two metals move together and apart
The correlation figure
The correlation of 0.83 is computed by this site, not borrowed. We take each metal's daily return over the last 252 trading days (today's close divided by yesterday's, minus one), then calculate the Pearson correlation between the two series. A result close to 1 says that on most days, when gold rose, silver rose too, and when one fell, so did the other. It says nothing about how far each moved, only how consistently they moved in step.
A high correlation is the normal state for these two. They are priced in the same currency, traded on the same exchanges, and react to many of the same forces: the US dollar, interest rates, and the general appetite for holding metal instead of cash or bonds. The figure falls when one metal has its own story, such as a surge in industrial buying of silver or heavy central-bank purchases of gold.
Each metal's volatility
Volatility asks a different question: how large are the daily swings? We take the standard deviation of daily log returns over the same year and annualize it by multiplying by the square root of 252. On that measure, silver's figure is 69.1% and gold's is 28.4%. Compare the two directly; the larger number belongs to the metal whose price has bounced around more. The guide to reading charts explains what an annualized volatility figure does and doesn't mean for a single buyer.
Why they part ways
The two metals answer to partly different buyers. In 2025, industry accounted for 657.4 million ounces of silver demand out of a total of 1,130.6 million, according to the Silver Institute's World Silver Survey. That makes silver sensitive to factory orders and solar-panel output in a way gold mostly isn't. Gold's above-ground stock, as the World Gold Council tallies it, sits largely in jewellery (about 44 percent) and with central banks (about 18 percent), so official buying and selling matters far more for gold than for silver.
When the economy wobbles, those differences show up as a gap between the two lines. Gold can hold steady on safe-haven demand while silver drops with the industrial outlook, and silver can outrun gold when manufacturers are buying. Most of the time, though, the shared forces win.
Why gold's market is so much larger
Measured as all the metal above ground multiplied by today's price, gold's market is about $29.1 trillion and silver's about $997 billion, which makes gold's roughly 29 times bigger. Those figures start from published stock estimates: the World Gold Council puts gold's above-ground stock at 224,200 tonnes, and a report for the Silver Institute put silver's at 19.3 billion ounces, bullion and fabricated products together. The full method, and why a bullion-only figure for silver comes out much smaller, is on the silver market cap page.
Size matters for how a market behaves. A smaller market moves further when the same amount of money arrives or leaves, which is part of why silver's volatility runs as it does.
One more comparison people make is the gold-to-silver ratio, gold's price divided by silver's. This page shows both prices whole instead.
Where each price is quoted
Gold and silver trade in the same places. COMEX futures in New York set the contract prices most US charts plot. London's over-the-counter market handles much of the world's wholesale physical trade, and the Shanghai Gold Exchange sets China's benchmarks in yuan per kilogram (or per gram for gold). A spot quote you see on a screen is a blend of those markets, most often derived from the nearest futures month.
The gap between a spot quote and a futures quote is usually small but real, and it explains why two sites can show different gold or silver prices at the same minute; our guide to spot vs futures price works through it with today's figures. Shanghai is different again: its silver benchmark has often sat above the US price after conversion, and the Shanghai silver price page shows that premium day by day.
The 2026 picture for both metals
Silver set a record of $121.30 on January 29, 2026, measured as the highest daily high of COMEX futures, and has since fallen 57.5% below it. Set gold's six-month figure above beside silver's to see how differently the two travelled through the same months. The dated sequence of events behind silver's fall, with each source named, is on the page explaining why the silver price is dropping. You can also see both metals' longer history on the live silver chart, which offers ranges back to 1900 for silver.
What this comparison can't tell you
A correlation computed over the last year can't tell you how the two metals will behave next year; the figure has shifted before as conditions changed. Nor can volatility tell you which way a price is headed, only how much it has wobbled along the way. Neither figure says whether gold or silver suits you. Those are questions about your goals, your timeline and the costs you'd pay, which this page doesn't know.
Information, not financial advice. We do not tell you to buy or sell and we do not predict prices. Figures are reference numbers as of the time shown.
Our page on Augusta Precious Metals sets out what Augusta publishes about itself, who its minimum suits, and what we could not find.
Questions about gold and silver prices
Why does gold cost so much more per ounce than silver?
Gold is far scarcer in the ground and above it, and much of what exists is held as jewellery or by central banks rather than used up. Silver is mined in greater volumes and a large share is consumed by industry. The price per ounce reflects those different supply and demand pictures.
Do gold and silver always move in the same direction?
No, but they usually do. Over the last year their daily returns had a correlation of 0.83, which means they mostly moved in step. There are stretches when silver follows industrial demand and gold follows central-bank buying, and then the two lines can split for weeks or months.
Why are these prices different from my dealer's quote?
The figures on this page are wholesale spot prices for large trades. A dealer adds a premium to cover minting, shipping and margin, and charges more over spot for small items. The dealer's price will also move during the day as the spot price changes, so the time of your quote matters.
Sources
Each page we drew a fact from, with whether it was the publisher's own page or a page reporting it.
- Silver Institute / Metals Focus (silverinstitute.org; publisher's own page; read 2026-11-10)
- World Gold Council (gold.org; publisher's own page; read 2026-11-10)
- Silver Institute (report by Precious Metals Insights) (silverinstitute.org; publisher's own page; read 2026-11-10)