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Silver Ticker Symbols, Explained

By the Silver Market Chart editorial team · Updated November 10, 2026

Quick answer: Three symbols cover most silver quotes. XAG/USD is spot silver priced in dollars, written like a currency pair because XAG is silver's code in the ISO 4217 currency list. SI is the COMEX silver futures contract, which Yahoo Finance shows as SI=F and TradingView as SI1!. SLV is the iShares Silver Trust, a share listed on NYSE Arca and priced per share, not per troy ounce. Silver itself is a metal, not a company, so it has no stock symbol of its own.

Common silver symbols and what each one prices. Sources are listed at the end of the page.
SymbolWhat it isNote
XAG/USDSpot silver, quoted in US dollarsXAG is the ISO 4217 code for silver (numeric 961), listed by SIX, the code list's maintenance agency
SICOMEX silver futures5,000 troy ounces per contract under COMEX's 2021 rule text (Rulebook Chapter 112)
SILCOMEX Micro Silver futures1,000 troy ounces, as a broker's summary lists it (CME's page was unreadable)
SI=FYahoo Finance's symbol for the front COMEX silver contractused for the history on this site's charts
SI1!TradingView's continuous front-month silver contractTradingView defines "1!" as the nearest expiration
SLViShares Silver Trust shares, NYSE Arcaa share priced per share, not per ounce; the trust aims to track silver bullion
SIVRabrdn Physical Silver Shares ETFsays it holds silver bullion bars in secured vaults
PSLVSprott Physical Silver Trusta closed-end trust holding London Good Delivery silver

Silver $51.66 per troy ounce · gold $4,033.80 · as of · spot quotes from gold-api.com

XAG/USD: silver as a currency code

The ISO 4217 standard assigns three-letter codes to currencies, and SIX Group is its maintenance agency, publishing the code lists. On List One, published on September 17, 2026, silver appears as XAG with the numeric code 961 and no minor unit; gold sits beside it as XAU, numeric 959. The pairing with USD follows the same pattern as EUR/USD: the first code is the thing priced, the second is the currency it is priced in.

One detail surprises people. The ISO list names the entry simply "Silver" and states no unit at all. Price feeds, ours included, quote XAG/USD as dollars per troy ounce, and that is how you should read it on any screen that shows it. Put the two codes side by side and you have the pair that drives our page on gold and silver market prices.

SI: the COMEX futures contract

SI is the commodity code for COMEX silver futures, under Chapter 112 of the exchange's rulebook. The exchange's 2021 rule text sizes each contract at 5,000 troy ounces, plus or minus 10%, settled with five bars that are cast at roughly 1,000 ounces apiece. That is the latest rule text we could read; CME's own specification pages did not answer automated requests, so anything newer comes from secondary sources. A broker's help page, for example, lists a minimum price move of $0.005 per ounce, worth $25.00 per contract, and a Micro Silver contract, SIL, of 1,000 ounces.

There is a third size. Kitco reported in January 2026 that CME would launch a 100-ounce silver contract settled in cash, while a trading-platform blog later described the same contract as physically delivered. Until CME's own page can be read, treat the symbol and settlement of that contract as unconfirmed.

Futures quotes are what most charts actually show, which is why the futures market sits behind questions about vaults and deliveries covered in our guide to COMEX silver inventory. The contract also trades almost around the clock: a broker's page gives CME Globex hours of Sunday 5:00 p.m. to Friday 4:00 p.m. Central time, with a daily one-hour break Monday to Thursday. Our page on when the silver market opens converts those hours to Eastern time and adds the other venues.

SI=F and SI1!: how websites write the same contract

A futures contract has a delivery month, so there is never just one SI price. Websites deal with that in different ways.

Yahoo Finance uses SI=F. When we read the page on November 10, 2026, it was titled "Silver Dec 26 (SI=F)" and labelled as a COMEX quote. The "=F" suffix points to a futures quote, and the month in the title shows which contract it follows on the day you look.

TradingView uses COMEX:SI1!. Its support pages define "1!" as the continuous contract for the front, or nearest, expiration month, and describe a continuous contract as an artificial instrument made by linking individual contracts together. Its SI1! page shows a contract size of 5000 OZT.

Both notations stitch together a series of different contracts. When the front month rolls to the next one, the chart can jump by the gap between the two months, even if nothing happened in the market. Our guide on how to read a silver price chart covers that and other things a chart can hide.

SLV: a share in a trust that holds silver

SLV is the ticker of the iShares Silver Trust, listed on NYSE Arca, as both its product page and its annual report state. The product page describes the aim as tracking the price performance of silver bullion. According to the trust's 10-K for 2025, its assets consist primarily of silver held by its custodian, JPMorgan Chase Bank N.A., London Branch. The trustee is The Bank of New York Mellon, and the sponsor is a subsidiary of BlackRock.

The product page listed 504,630,049.40 ounces in trust as of November 9, 2026. It does not show how many ounces stand behind one share. The nearest published figure is in the 10-K: an average of 0.9068 ounces per share redeemed between December 1 and December 31, 2025. That is a dated average for redemptions, not a current figure, and it is why an SLV quote should never be read as an ounce price. A share is a claim on part of a trust; its price is in dollars per share.

Other silver trusts trade under their own symbols, such as SIVR and PSLV, and their issuers describe them as holding bullion too. We list them only so you can recognize the symbols. This page compares no funds and recommends none.

Why the numbers differ in the same minute

Look at the three symbols at the same moment and you will get three different figures. As of November 10, 2026, spot silver is $51.66 per ounce and the front COMEX futures contract is $51.53, a gap of $-0.13. That gap reflects the cost of carrying metal to the delivery month and the moment each quote was taken; our page on spot vs futures price works it through. SLV's share price is a third number again, on a different unit.

None of these is the "real" price and the others wrong. They answer different questions: what an ounce costs now, what it costs for delivery in a set month, and what one share of a trust costs.

Which symbol this site uses

The headline price at the top of this page and on the silver market price chart is spot, XAG/USD, from the gold-api.com feed. The history behind the charts comes from Yahoo Finance's SI=F series, because a long, consistent daily record is available for futures. Our record figure is the highest daily high of that COMEX futures series, which is why it differs slightly from records quoted on a spot basis. Before 2001, the long chart uses US Geological Survey annual values, which run to 2021. Each block of data carries its own time stamp, and the live silver chart refreshes every six hours.

Is there a stock market symbol for silver?

No. Searching for "silver stock symbol" usually turns up one of three things: SLV or another trust share, a futures code such as SI, or a mining company's shares. Mining shares are businesses with costs, debt and management, so they move with more than the metal. Physical silver has no listing at all; you hold it, or someone holds it for you.

This page can't tell you which of these, if any, fits your situation. That depends on whether you want a price to watch, a contract to trade or metal to own, and on costs and taxes we don't cover here.

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 lists what the company says about storage, the kit and who its minimum suits.

FAQ

What does XAG mean in a silver quote?

XAG is the code for silver in the ISO 4217 currency list, maintained by SIX Group. XAG/USD therefore reads as silver priced in US dollars. The ISO list itself states no unit, but price feeds quote the pair per troy ounce, and that is how this site and most others display it on screen.

Is SI=F the same as the spot price?

No. SI=F is Yahoo Finance's notation for a COMEX silver futures contract, usually the nearest delivery month. Spot is the price for near-immediate settlement. The two are close most of the time but rarely identical, and the futures series can jump when one contract month gives way to the next on a continuous chart.

Does one SLV share equal one ounce of silver?

No. The trust's annual report gives an average of 0.9068 ounces per share redeemed in December 2025, and the product page does not publish a current per-share figure. A share price is in dollars per share, so it cannot be compared with an ounce price without that conversion.

Sources

Each page we drew a fact from, with whether it was the publisher's own page or a page reporting it.