XAG Silver
Silver, USD per troy ounce, pooled from XAG/SILVER perps.
What matters nowUpdated 7 h ago
- The newest dated story in our feed is from August 28, 2026, when Fed Chair Kevin Warsh said at Jackson Hole that the Fed is not done tightening; spot silver settled down 4.17% at $62.49 and Fed funds futures lifted the odds of a September hike from 35.4% to 57.5% 1. Our feed holds no dated story from the last two weeks.
- Silver is pooled at $60.50 an ounce across 9 venues as of 11:53 UTC on 2026-10-13, up 0.24% from a prior close of $60.36; this is a pooled 24/7 venue price, not an exchange settlement. The largest explained moves were on August 19, when silver rose 6.31% to $67.05 on the Treasury's decision to at least double buybacks of long-dated debt, and on August 18, when it fell 4.54% to $63.07 as the 30-year Treasury yield topped 5.3%. The September 10, 23 and 28 declines of 5.54%, 4.62% and 4.53% have no specific cause in our records.
- The key numbers are open interest of about $548.2 million and 24-hour volume of about $782.8 million across venues, the Silver Institute's World Silver Survey 2026 projection that the structural deficit widens to 46.3 million ounces in 2026 2, and CME's raise of COMEX silver initial margin to 18% from 15% on February 5, 2026 3. Our feed has no fundamentals, insider or valuation data for silver.
- Next up is September CPI on 2026-10-14 at 12:30 UTC, and Polymarket odds for October put a 57.5% chance on silver hitting $58, 32% on $56, 16.5% on $54 and 25.5% on a high of $66, with the markets resolving on 2026-11-01, while the no-change odds for the Fed after its October 2026 meeting sit at 80.5%.
FXEmpire · Aug 28
The Silver Institute · Apr 15
Kitco · Feb 5
Every venue
| Venue | Price | vs pool | 24h vol | Open int. | Funding 8h |
|---|---|---|---|---|---|
| binance perp XAGUSDT · just now | 59.39 | +0.01% | $717.0M | $261.5M | 0.0183% |
| hyperliquid perp xyz:SILVER · just now | 59.28 | −0.18% | $105.1M | $146.6M | 0.0050% |
| okx perp XAG-USDT-SWAP · just now | 59.38 | −0.01% | $61.6M | $39.6M | 0.0206% |
| bitget perp XAGUSDT · just now | 59.38 | −0.01% | $42.1M | $33.1M | 0.0272% |
| bybit perp XAGUSDT · just now | 59.39 | +0.01% | $34.8M | $47.1M | 0.0322% |
| lighter perp 93 · just now | 59.32 | −0.12% | $19.2M | $4.2M | 0.0160% |
| aster perp XAGUSDT · just now | 59.39 | +0.01% | $2.5M | $4.2M | 0.0314% |
| kraken perp PF_XAGUSD · 1 min ago | 59.30 | −0.15% | $621.3K | $1.3M | 0.0430% |
| dydx perp XAG-USD · just now | 59.30 | −0.15% | $144 | $18.8K | 0.0000% |
| coinbase perp SILVER-PERP · stale | — | — | — | — | — |
| hyperliquid perp flx:SILVER · stale | — | — | — | — | — |
| hyperliquid perp km:SILVER · stale | — | — | — | — | — |
| hyperliquid perp cash:SILVER · stale | — | — | — | — | — |
Pooled price = volume-weighted median of venues within 2% of each other. Venue markets for stocks, indices and gold are 24/7 perpetual contracts; they track but are not the official exchange price.
Open interest, 120 days
US$ millions, all venues
Funding, 120 days
Annualised %, OI-weighted. Positive: longs pay shorts.
NewsAll news →
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Silver Institute sees a sixth straight deficit in 2026 with a 67 Moz gap
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CME raises COMEX silver futures initial margin to 18% from 15% amid precious-metals volatility
CME Group said on Thursday, February 5, 2026 that it would raise the initial margin on COMEX 5,000-ounce silver futures to 18% from 15%, and on COMEX 100-ounce gold futures to 9% from 8%, citing heightened volatility in the precious metals market.
CME raises Comex silver margin to 15% from 11% after volatility
CME Group raised the margin requirement on Comex silver futures to 15% of contract value from 11%, citing heightened volatility.
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Silver sets an all-time high near $121.78 an ounce on January 29
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Washington holds off Section 232 tariffs on processed critical minerals, silver included
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China's silver export licensing takes effect January 1, covering 2026-2027
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