Silver Market Analytics

Real-time data, insights, and analysis for silver investors

Silver (SI=F) SPOT COMEX Futures · London spot active
$76.66
+1.06% (+$0.81)
Feed: SI=F (COMEX_FUTURES)
Gold (GC=F) SPOT COMEX Futures · London spot active
$4536.30
+0.43% (+$19.60)
Feed: GC=F (COMEX_FUTURES)
Gold/Silver Ratio bullish
59.0
47th percentile · as of 2026-05-25
Silver 52-Week (Daily Closes)
$28.94 $115.08
166.1% from low 33.1% from high

Based on daily closing prices · as of 2026-05-25

Shanghai Silver Premium
SGE Ag(T+D) vs SI=F · USD/CNH
Official
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USD/CNH
Latest FX used for Shanghai premiums
FX
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Silver Price History

Gold/Silver Ratio

Market Insights

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Gold/Silver Ratio
Currently at 59.0, in the 47th percentile historically. Gold/silver ratio is elevated on a long-term basis, indicating silver is inexpensive relative to gold (bullish for silver)..
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Commercial Positioning
Commercials net short 19,293 contracts. Neutral positioning.
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Technical Analysis
Technical indicators lean bullish (2 bullish, 0 bearish signals).
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Real Interest Rates
Real rates elevated at 2.18%. Creates headwind for non-yielding assets.
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Price Momentum
Multi-timeframe momentum score: 95/100 (Strong Bullish). Based on 1-12 month returns vs historical norms.
Technical Signals - Silver
RSI Neutral
Moving Averages 50-day above 200-day (bullish trend)
Price vs 50 SMA Above (Bullish)
Bollinger Bands Within Bands
45.6
RSI (14)
$75.88
50 SMA
$65.43
200 SMA

Indicators based on daily closing prices · as of 2026-05-25

Momentum Score 95/100
Bearish Neutral Bullish

Multi-horizon time-series momentum based on daily closes · as of 2026-05-25

Gold/Silver Ratio Analysis
59.0 current ratio

Gold/silver ratio is elevated on a long-term basis, indicating silver is inexpensive relative to gold (bullish for silver).

58.3
Mean
60.7
Median
10.7
Min
125.9
Max
COT Positioning Details
Commercials Net -19,293
Managed Money Net 11,564

Neutral positioning · as of 2026-05-19

COMEX Inventory
Registered 82M oz
Eligible 232M oz
Total 314M oz

Levels based on daily COMEX warehouse report (registered/eligible closes) · as of 2026-05-22

ETF Holdings
SLV 0M oz
PSLV 219M oz

SLV & PSLV holdings in millions of ounces (daily published closes) · SLV as of 2026-05-22, PSLV as of 2026-05-25

Macro Environment

10Y Treasury
4.57%
As of 2026-05-21
Real Rate
2.18%
Positive (headwind)
M2 Money Supply
$22.7T
As of 2026-03-01
Silver/M2 Ratio
3.38
Silver priced in M2 terms (latest silver close vs latest M2) · as of 2026-03-01

COT Net Positioning - Silver