Canadian silver spot stood at C$74.93 per troy ounce at 11:31 p.m. ET on Nov. 8, 2026, up C$1.70 for the day. Global silver is quoted in U.S. dollars, so the Canadian-dollar price reflects both movements in the metal and changes in the USD/CAD exchange rate.
Silver traded between C$72.38 and C$75.63 an ounce
At common weights, silver was priced at C$2.41 per gram, up C$0.05, and C$24.09 per 10 grams, up C$0.55. A kilogram was quoted at C$2,409, a daily increase of C$54.74. The intraday range was C$72.38 to C$75.63 per troy ounce and C$2,326.95 to C$2,431.46 per kilogram.
Other quoted units included C$3.75 per pennyweight, C$28.10 per tola and C$91.06 per Hong Kong tael. The Hong Kong tael is calculated as 37.799 grams. These figures are conversions of global spot-market bid prices into Canadian dollars.
USD/CAD movements also shape local prices
Silver is generally traded internationally in U.S. dollars, with Canadian quotes converted using the USD/CAD exchange rate. Even if the dollar-denominated silver price is unchanged, a move in the Canadian dollar can alter the price local buyers see. Daily changes in Canadian silver therefore reflect both the metal market and currency movements.
Silver demand also extends beyond investment and jewellery. The metal is used in electronics, solar photovoltaics, batteries and medical applications. Industrial demand can shift with manufacturing activity and sector cycles, leaving prices sensitive to changing expectations. Supply may not respond quickly: most silver is produced as a by-product of mining copper, lead, zinc and gold, tying output to production of those metals.
Purity sets the metal value of silver items
Canadian investment-grade bars and Royal Canadian Mint Maple Leaf silver coins are typically at least 99.9% pure; Maple Leaf coins are marked 99.99%. Sterling silver, commonly used for jewellery, cutlery and tea sets, contains 92.5% silver. Purity is usually expressed in parts per thousand, with marks such as 925, 999 and 9999 serving as indicators.
At the day's spot price, 9999 silver was worth about C$2.41 per gram or C$74.94 per troy ounce. For 999 silver, the estimates were C$2.41 per gram and C$74.86 per ounce. The equivalent figures were about C$2.31 and C$71.82 for 958.4 silver; C$2.23 and C$69.32 for 925 silver; C$2.17 and C$67.45 for 900 silver; and C$1.93 and C$59.95 for 800 silver. Rounding means purity-based estimates may differ slightly from the quoted spot value for pure silver.
Older Canadian coins are another common source of silver in jewellery and silverware valuations. Canadian 10-cent, 25-cent and 50-cent coins issued from 1920 to 1966 generally contain 80% silver. Canada began reducing the silver content of 10-cent and 25-cent coins in 1967; some coins issued in 1967 and 1968 contain 50% silver. The 1967 50-cent coin remained 80% silver, while the 1968 version switched to nickel. Some older coins may be worth more to collectors than their metal content alone, so collector value and melt value should be considered separately.
Spot value is not a guaranteed sale price
A melt-value estimate based on weight and purity represents the theoretical value of an item's silver at the current spot price. It does not indicate what a seller will necessarily receive. Dealers typically buy scrap silver below melt value, while finished items, jewellery and collectible pieces may sell for more than the value of their silver content.
Spot charts offer intraday, 30-day, 60-day, six-month, one-year, five-year and 10-year views, alongside daily, monthly and annual historical data in Canadian dollars. Quotes update while global markets are open and show the latest closing price when markets are shut. The figures are indicative spot prices, not offers to buy or sell.