Best online site to check silver spot price?

Discussion in 'Silver' started by Andrew Coulter, Apr 27, 2020.

  1. Andrew Coulter

    Andrew Coulter New Member

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    What's the most reliable and accurate. A few of them actually have different numbers as I'm switching between the sites in real time
     
  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Kitco is always most up to date and industry rely on it
     
  3. Andrew Coulter

    Andrew Coulter New Member

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    10-4 buddy :)
     
  4. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I use Bullion List. Updated every 7 seconds I believe.
     
  5. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    The JMBullion app is easy.
     
  6. Andrew Coulter

    Andrew Coulter New Member

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    Of the ones I flipped through bullion list was good
     
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  7. Holdfast

    Holdfast Well-Known Member Silver Stacker

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  8. Alloy

    Alloy Active Member

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    Kitco is the least up-to-date, especially when they display the Kitco Silver Fix, which is a snapshot from a specific time of day, and doesn't get updated for 24 hours.
     
  9. 66rounds

    66rounds Well-Known Member Silver Stacker

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    That's why it's called a Fix my friend.
     
  10. Alloy

    Alloy Active Member

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    I did some research on this and I'm stuck. Different sources are giving different prices for silver at the same second in time. I haven't been able to figure out what's going on. SilverPrice.org seems okay.

    It's especially frustrating when different dealers quote different spot prices at the same instant in time. I've noticed that dealer spot prices tend to be a bit higher than non-dealer sources, which might be intentional and corrupt since it makes their premiums look smaller... APMEX quotes the highest silver price of all sources.
     
  11. Alloy

    Alloy Active Member

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    Yes, and that's why it's the least up-to-date.
     
  12. 66rounds

    66rounds Well-Known Member Silver Stacker

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    They have plenty of other measures of spot, if they were not up to date dealers would not pull web data from them for pricing.
     
  13. Jason1

    Jason1 Well-Known Member

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  14. Alloy

    Alloy Active Member

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    Other measures? You mean like some kind of live feed? I've seen that but it wasn't clear where the data was coming from. I assume COMEX since Kitco doesn't operate their own exchange, but i wasn't able to find out what their silver price was based on. It bothers me that there are all these different silver prices at the same instant in time.
     
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  15. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Also consider the London Bullion Market Association (LBMA)

    Gold - The price is set twice daily (at 10:30 and 15:00 London BST) in US dollars.

    Silver - The price is set daily at 12:00 (London BST time) in US dollars.

    Sometimes, it's good to know the timings / very important to know when the metal prices are set. ;)

    http://www.lbma.org.uk/home

    Here's a time converter :) https://savvytime.com/converter/australia-melbourne
     

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