Staff Answer
May 05, 2026 - 06:37 AM
Despite a minor pullback, silver remains historically elevated. At 9 AM ET today, May 5, 2026, the silver spot price is $73.83 per ounce, a 0.18% dip from yesterday’s $73.96. The current silver price per kilo stands at $2,373.68. This slight cooling is attributed to profit-taking following last week’s surge in photovoltaic industrial demand. However, analysts suggest the downside is limited as silver continues to "catch up" to gold’s recent record highs, supported by a massive structural deficit in global silver mine output reported in the latest Silver Institute data.
