Silver Price in Canada Today
The silver price in Canada today is $71.32 per troy ounce in Canadian dollars, or $2.29 per gram, based on the latest spot price from GoldAPI.io. Like gold, the spot price is the same across Canada.
Silver per troy ounce (CAD)
$71.32
Silver per gram (CAD)
$2.29
Per kilogram
$2,293.06
At a glance
- Silver price CAD per troy ounce
- $71.32
- Silver per gram
- $2.29
- Silver per kilogram
- $2,293.06
- Sterling silver (925) per gram
- $2.12
- Gold-to-silver ratio
- 78.0Ounces of silver that one ounce of gold buys.
- Last update
- Checked every 4 hours on weekdays. Weekend prices are the Friday close.
Silver price chart (CAD)
The chart shows silver priced in Canadian dollars over the past year. Use the buttons at the bottom of the chart to switch to shorter or longer periods.
Chart: XAGCAD on TradingView. The chart is a separate data source and can differ slightly from the price above.
Silver price per ounce and per gram in Canada
Values for fine silver at the current spot price. The 1 troy ounce row is the figure most bullion prices are quoted in.
| Weight | Price (CAD) |
|---|---|
| 1 gram | $2.29 |
| 10 grams | $22.93 |
| 1 troy ounce | $71.32 |
| 10 troy ounces | $713.22 |
| 100 troy ounces | $7,132.20 |
| 1 kilogram | $2,293.06 |
Silver value by purity
Most silver items are not pure. Multiply the fine silver price by the purity to get the value of the silver they contain.
| Purity | Common in | Per gram |
|---|---|---|
| Fine silver (99.99%) | Royal Canadian Mint Silver Maple Leaf | $2.29 |
| Fine silver (99.9%) | Most bullion bars and rounds | $2.29 |
| Sterling silver (92.5%) | Jewelry and flatware stamped 925; Canadian silver coins dated before 1920 | $2.12 |
| Coin silver (80%) | Canadian 10, 25 and 50-cent coins dated 1920 to 1967, and silver dollars from 1935 to 1967 | $1.83 |
| Coin silver (50%) | Some Canadian 10 and 25-cent coins dated 1967 and 1968 | $1.15 |
Why silver costs more or less in Canadian dollars
Like gold, silver trades worldwide in US dollars per troy ounce. The Canadian price is that figure converted at the current exchange rate, so a weaker Canadian dollar makes silver more expensive here even when the US price is flat. The latest Bank of Canada rate is 1.4255 Canadian dollars per US dollar.
The gold-to-silver ratio
The ratio divides the gold price by the silver price. Right now one ounce of gold is worth about 78.0 ounces of silver. Some buyers watch it to compare the two metals, but it does not predict where either price is heading.
GST/HST on silver
Silver bars, ingots, coins and wafers refined to at least 99.9% purity count as "precious metal" for GST/HST and are generally exempt. Silver below that purity, including sterling jewelry and flatware, is generally taxable. Source: CRA GST/HST Memorandum 17-1. This is general information, not tax advice.
Common questions
Why is silver going up or down?
Silver is both an investment metal and an industrial one, used in electronics, solar panels and medical products. Its price responds to the same forces as gold, such as interest rates and the US dollar, plus changes in industrial demand, which is why silver tends to swing more sharply than gold in percentage terms.
How much is an old Canadian silver coin worth?
Canadian dimes, quarters and 50-cent coins dated 1920 to 1967, and silver dollars from 1935 to 1967, are 80% silver. Some 1967 and 1968 dimes and quarters were made in 50% silver instead, coins dated before 1920 are 92.5% silver, and circulation coins dated 1969 or later contain none. The metal value is the coin's weight in grams times the price for its silver content, currently $1.83 per gram at 80% and $1.15 at 50%. Rare dates or coins in top condition can be worth more to collectors. Specifications: Royal Canadian Mint, 25-cent coin.
Is silver-plated worth anything?
Very little as metal. Plating is a thin layer of silver over a base metal such as copper or nickel, so the silver content is too small for most buyers to pay for. Silver-plated items are usually sold for their design or use, not their metal. Look for a 925 or sterling stamp to tell solid silver apart.
Is sterling silver worth the full silver price?
No. Sterling is 92.5% silver, so its metal is worth 92.5% of the fine silver price by weight, and a buyer will usually pay less than that to cover refining.
Is the silver price the same across Canada?
Yes. The spot price does not change by city. Dealers in each city set their own buy and sell prices around it.
How often is the silver price updated?
Silver updates together with gold, every 4 hours on weekdays. The time of the last update is shown in Eastern Time next to the price.