Silver Spot Price

Track the live silver spot price in South African Rand (ZAR) with instant updates from global markets. At Bullion Traders, we make it easy to see the latest silver rates, so whether you’re buying or selling silver bars or coins, you can make quick, informed trading decisions.

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Discover our range of silver Krugerrands, available in 1oz coins, sourced from trusted suppliers and guaranteed for authenticity and quality. Perfect for both investors and collectors, you can order online with ease. Enjoy secure payments, expert service, and fast, insured delivery anywhere in South Africa.

1 oz Silver Krugerrand
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1 oz Silver Krugerrand | Common Date

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R1,102.60
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The 1 oz Silver Krugerrand | Common Date is a stunning testament to South Africa’s rich heritage, beautifully crafted with
25pcs Silver Kruger Coins
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25pcs Silver Krugerrands

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R27,564.89
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The 25pcs Silver Kruger Coins set is a beautifully crafted collection that captures the essence of South Africa’s rich heritage.

    Silver Price Guide

    What is the silver spot price?

    The silver spot price is the current market rate for one troy ounce of pure silver for immediate delivery (usually within two business days). It acts as a benchmark used by dealers, investors, and mints to set prices for bars, coins and bullion.

    Why does the silver spot price fluctuate so often?

    The spot price moves constantly in response to supply and demand, macroeconomic data, currency strength (especially the US dollar), investor sentiment, industrial usage, and geopolitical events. Small shifts in global markets can quickly impact the quoted silver rate.

    Does the U.S. dollar strength affect silver spot price?

    Yes. Silver is globally priced in USD, so a stronger dollar makes silver more expensive in other currencies, dampening demand and potentially lowering the spot price. A weaker USD tends to support higher silver prices abroad.

    How often does the silver spot price update?

    During active market hours, it can change every few seconds or minutes, driven by trading on global exchanges. Because silver markets operate across time zones, updates may also happen outside typical local business hours.

    Is it possible to sell silver at the spot price?

    Rarely. When selling physical silver, dealers typically offer a price slightly below spot (a discount) to cover handling, storage, and margin. The spot price is a benchmark, not a guaranteed transaction figure.

    Are seasonal trends visible in silver pricing?

    Yes, demand for silver in jewelry, industrial cycles, or major holidays can shift demand seasonally. These patterns may influence short-term spot price movements, though they are only one of many factors.

    How do industrial uses impact the silver spot price?

    Silver has many industrial applications (electronics, solar panels, medical devices). Rising industrial demand can push the spot price upward. Conversely, when industrial activity slows, demand falls, placing downward pressure on silver’s spot rate.

    Which global exchanges influence silver’s spot price?

    Major exchanges like COMEX (New York) and benchmarks like the LBMA (London) play key roles. Their trading volumes and market activity help determine the benchmark spot rate used globally.