Where is the highest spot price for silver in the world right now
Executive summary
The most recent available data in the reporting set shows the benchmark silver spot price at USD 116.48 per troy ounce, as reported for January 28, 2026 [1]. Regional and venue quotes can be higher or lower in local currency terms because spot ticks, bid/ask spreads, premiums and currency moves vary across London, New York, Singapore, Hong Kong and other trading centers [2] [3] [4].
1. Current benchmark: the dollar-denominated front‑market quote
TradingEconomics records silver at USD 116.48 per troy ounce on January 28, 2026, a value that reflects activity in instruments that track the benchmark market for silver [1]. That figure is drawn from markets that publish front‑month futures and spot CFDs and is the clearest single-dollar number available in the supplied reporting [1].
2. Why “where” matters: multiple trading venues, one international benchmark
Silver spot is conventionally quoted in US dollars per troy ounce and is driven by futures and wholesale markets such as COMEX and the LBMA, so the international benchmark is dollar‑based even when many local dealers publish prices in euros, yuan or other currencies [3] [5]. Market makers on the London Bullion Market Association quote two‑way bids and offers for large wholesale lots (100,000–200,000 troy ounces) that underpin the commonly reported spot [3].
3. Regional quotes and live feeds: New York, London, Hong Kong, Singapore and more
Live quote services like Kitco and BullionVault publish spot streams for New York, London, Hong Kong, Sydney, Zurich and Singapore, reflecting trading hours and local liquidity differences that can make a city’s displayed “spot” appear higher at any instant [2] [4]. Retail sites and dealers also show live spot charts but add dealer premiums and bid/ask spreads that create variation from the wholesale mid‑market numbers [6] [5].
4. Which place shows the highest spot price right now — what the reporting supports
Within the provided sources, TradingEconomics gives the single highest explicit dollar quote—USD 116.48/oz on January 28, 2026—which can be read as the highest reported benchmark spot price in this dataset [1]. Other services (Kitco, BullionVault, Bullionstar) publish live regional feeds and charts that may show similar or slightly different ticks, but none of the supplied sources overtly reports a higher global spot figure than the TradingEconomics entry in the collected reporting [2] [4] [3].
5. Important caveats: spreads, settlement conventions and premiums
A formal “spot price” is a wholesale mid‑market quote for immediate or short‑dated settlement (often T+2 loco London) and typically applies to very large lots; retail buyers pay or receive different effective prices after premiums and dealer spreads are applied, and local currency moves can make the same dollar spot translate into higher local prices [3] [6] [5]. Live feeds update second‑by‑second and can diverge between data providers based on which market makers or futures contracts they aggregate, so identifying a single global “highest spot” at an arbitrary instant requires synchronized data from multiple venues—which the current reporting does not provide [4] [7].
6. Practical takeaway and where to look next
For an immediate, authoritative dollar benchmark refer to major market trackers or front‑month futures feeds (COMEX/LBMA) as aggregated by live services; the reporting here points to USD 116.48/oz (TradingEconomics) as the highest explicit spot quote in this dataset for January 28, 2026, while regional live charts (Kitco, BullionVault, Bullionstar) should be consulted in parallel to capture local ticks and settlement conventions [1] [2] [4] [3]. Given the speed of silver’s moves and the role of local premiums, anyone needing the absolute highest traded price at a precise moment must check synchronized real‑time feeds from multiple venues rather than a single snapshot source [7] [6].