Answer
Apr 29, 2026 - 06:23 AM
The spot price of silver as of 9 AM ET today, April 29, 2026, is $72.72 per troy ounce, representing a 0.70% drop from yesterday morning's benchmark of $73.23. This brings the current price of silver to $2,338.01 per kilo. Silver’s price slide this morning reflects its dual nature as both a safe haven and an industrial commodity. Industrial demand projections have softened slightly this week due to rising global shipping costs and energy supply shocks stemming from the Middle East. Furthermore, heavy institutional profit-taking has been triggered as technical charts show silver slipping below key simple moving averages. However, the long-term bullish case for physical silver buyers remains compelling; the metal has just entered its sixth consecutive annual supply deficit, spurred by immense solar, electronic, and AI-driven industrial workloads.
