Silver Fundamental Price

Monetary Metals’ Fundamental price seeks to back out speculative forces in the silver market to reveal the underlying physical supply and demand picture. The degree of divergence between the market price of silver and the Fundamental price is, in our opinion, an indication of market exuberance or pessimism.

The Fundamental price is computed according to a model based on our economic theory. We believe that this model reflects the forces of supply and demand in the physical market however there is no guarantee that the market price will move to the Fundamental price quickly or ever.

3 Month Chart of Silver Fundamental Price

Chart of the US dollar silver bid price and Monetary Metal's fundamental silver price

This chart is also available in durations of 3 years and from 1996 to today.

3 Year Chart of Silver Fundamental Price

Max Chart of Silver Fundamental Price

Silver Premium/Discount to Fundamental

This chart shows the degree to which the market price diverges from the Fundamental price. Positive values indicate that market prices are above our Fundamental price and this “premium” is shown in red as it reflects our opinion that the silver price may be overvalued. Negative values indicate that market prices are below our Fundamental price and this “discount” is shown in green as it reflects our opinion that the silver price may be undervalued.

This chart is available in durations of 3 months, 3 years and from 1996 to today.

3 Month Chart of Silver Prem/Disc to Fundamental

Chart of the US dollar difference between the silver bid price and Monetary Metal's fundamental silver price

3 Year Chart of Silver Prem/Disc to Fundamental

Max Chart of Silver Prem/Disc to Fundamental

Dollar Price in Silver

Monetary Metals® argues that gold is the objective measure of value, against which everything including dollars, must be measured – it is dollar that is rising and falling in value against gold (and silver). This chart shows the price of a US dollar in grams of silver.

3 Month Chart of Dollar Price in Silver

Chart of US dollar bid priced in grams of silver

This chart is also available in durations of 3 years and from 1996 to today.

3 Year Chart of Dollar Price in Silver

Max Chart of Dollar Price in Silver

Silver Spot Price Bid-Offer Spread

This chart shows difference between the bid and offer price for silver. This difference, or spread, can be an indicator of liquidity or stress in the market. When the market is highly liquid, bid-offer spreads may be tight (or low) but during periods of stress or uncertainty, the bid-offer spread may widen (or rise).

This chart is available in durations of 3 months, 3 years and from 1996 to today.