Over the past few years, the spot price for an ounce of silver has been on a steady incline, with data showing that traditional silver offerings continue to be in good supply.
As of June 20th, the current price for Silver Ounce stands at $36.28. This marks almost a 25% rise since its introduction in 2025, according to APMEX.
Silver Ounce Price Increase
Last month, silver spot prices jumped by about $3, reflecting a 9% increase. In addition, there’s been a 13.56% rise over the last three months, which translates to an increase of $4.30 per ounce, APMEX reports.
APMEX notes, “Silver is a precious metal with a limited supply. Due to its finite availability, demand persists across various sectors, from healthcare to automotive and energy.”
Looking further back, APMEX’s five-year price outlook reveals that silver prices have more than doubled, surging 102% since January 1, 2020, when silver was priced at $17.92 per ounce.
Since 1990, the lowest silver price recorded was $3.55 per ounce in 1991, whereas it peaked over $48 in 2011.
APMEX comments, “Supporters of silver often reference the price surge in 1980 to illustrate potential highs for silver, noting that the $49.45 rate back then would equate to $184.64 today when adjusted for inflation. This suggests a theoretical maximum for silver spot prices.”
Gold to Silver Ratio
A 15:1 gold to silver ratio was established by the 1792 US Monetary Law, indicating that 15 ounces of silver are equivalent to 1 ounce of gold. This ratio has seen multiple changes since its inception, particularly after President Richard Nixon ended the Gold Standard in 1971, leading to fluctuations in this fixed ratio.
As of June 20th, the price of one ounce of gold is reported at $3,384, with the current gold-to-silver ratio standing at 93.63, meaning it would take 1 ounce of silver to buy 1 ounce of gold.
To determine the gold to silver ratio, you simply divide the current gold price by the current spot price of silver.
