Price of Silver in Canada Today: Spot Per Oz, Gram & Kg

Gold gets most of the attention in metal markets, but for Canadian investors buying in smaller quantities, silver is where the real buying happens — and prices move fast enough that a quote from last week can be meaningfully different today. This guide lays out current Canadian dealer prices for the most common silver products, from single-ounce coins to kilogram bars, along with the spot baseline that drives everything else.

1 oz Silver Maple Leaf Coin: $98.33 CAD · 1 kg Recognized Silver Bar: $2,964.50 CAD · 10 oz Recognized Silver Bar: $942.45 CAD · Spot Price: ~CAD 102.62 per troy oz

Canadian dealer quotes for common silver products reveal a clear price structure across weights.

What is the cost of 1 oz of silver in Canada?

The cost of a single troy ounce of silver in Canada depends on whether you’re buying from a dealer, selling to one, or looking at the raw spot price. Each figure tells a different part of the story.

Spot price vs dealer premiums

The raw international spot price for silver hovered around USD 75.39 per troy ounce (AU Bullion live spot data) — which translates to roughly CAD 102.62 at current exchange rates. That spot figure is what dealers work from, but it’s not what consumers pay. Dealers layer on a premium for minting, distribution, and their own risk margin. Goldbroker reports a closing price of CA$102.44 per ounce with live data refreshed every minute from LBMA, NYMEX, and GLOBEX markets (Goldbroker live CAD price feed). The difference between spot and retail sell price is where buyers feel the impact most directly.

A Canadian investor buying a single 1 oz Silver Maple Leaf at $98.33 is paying roughly 10% above spot before the metal moves a single dollar. That’s the premium tax for a recognized coin — and it matters most when you’re calculating whether a short-term dip wipes out your buying margin.

For retail buyers, a recognized 1 oz silver bar from Mississauga Gold was priced at $92.20 per ounce as of February 14, 2026 (Mississauga Gold buy price page). Ottawa Gold quoted a comparable bar at $91.00/oz (Ottawa Gold buy price page), while Toronto Gold came in lower at $87.29/oz (Toronto Gold buy price page). Those buy prices show the spread Canadian dealers maintain below spot — roughly $10–$15 per ounce depending on location and product type.

1 oz coin and bar prices

Silver Maple Leaf coins, which carry legal tender status and the Royal Canadian Mint’s backing, command noticeably more. Mississauga Gold listed a 2015-or-later Silver Maple Leaf Coin at $105.45/oz (Mississauga Gold buy price page) — roughly $13 more than their generic bar buy price. Ottawa Gold similarly priced the same coin type at $97.06/oz (Ottawa Gold buy price page). The coin premium reflects collector demand, limited mintage, and the security of a government-issued product.

How much is 1 oz of silver today?

“Today” is a tricky word in metal markets — prices update continuously during trading hours, and Canadian dealers may pull from different data feeds with slight timing lags. The most reliable figures come from live-updating sources rather than static charts.

Live spot price charts

AU Bullion publishes a live silver price page showing the spot rate in both CAD and USD, updated continuously through the trading day (AU Bullion live spot rates). TD Precious Metals offers a 3-month silver spot chart in XAG/CAD from the Toronto-Dominion Bank (TD Precious Metals XAG/CAD chart), giving Canadian investors a bank-grade reference point rather than a dealer-controlled quote. Goldbroker aggregates closing prices from the London Bullion Market Association, NYMEX, and GLOBEX, updating every minute (Goldbroker live CAD price aggregator).

• AU Bullion: live CAD and USD spot, continuous updates
• TD Precious Metals: 3-month XAG/CAD chart, bank-backed data
• Goldbroker: minute-by-minute LBMA/NYMEX/GLOBEX closing prices

Canada-specific quotes

Canadian dealers quote silver by troy ounce, gram, or kilogram — depending on the product and the context. One troy ounce equals 31.1034768 grams (SilverPrice.org conversion standard). That conversion matters when dealers post prices by gram, as some buy/sell sheets do. Mississauga Gold quoted silver at $3.30/gram, which converts to approximately $102.62/oz for the pure spot equivalent (Mississauga Gold gram pricing). Ottawa Gold priced gram-level buys at $3.25/g (Ottawa Gold gram pricing), and Toronto Gold at $3.12/g (Toronto Gold gram pricing). The slight variance between dealers at the gram level reflects their individual buy spreads and location-based pricing policies.

Service fees add another layer. When buying wire or bank draft quantities through CanadianPMX, the 1–24 oz tier for 1 oz silver comes in at $78.02 per ounce (CanadianPMX wire pricing tier), well below the coin premium quoted elsewhere. Bulk discounts kick in from 25+ oz, where dealers like CanadianPMX apply progressive price reductions to incentivize larger purchases (CanadianPMX bulk discount structure). The implication: retail buyers paying full premium prices on single coins are absorbing a cost that large-volume buyers effectively sidestep.

Where is the best place to buy silver bars in Canada?

“Best” depends on what you’re optimizing for: price, convenience, trusted weight, or buyback policy. Different dealers serve different priorities.

Top dealers and prices

Mississauga Gold offers detailed buy prices for multiple silver formats, updated with timestamps so buyers can verify how current the data is (Mississauga Gold timestamped pricing). Their Ontario presence covers the Greater Toronto Area with physical locations. Ottawa Gold operates with a national reach through their Ottawa-based operation, posting buy prices for recognized bars and coins with timestamps (Ottawa Gold timestamped pricing). Toronto Gold consistently posted the lowest bar buy prices among the three Ontario dealers at $87.29/oz for a 1 oz recognized bar (Toronto Gold lowest bar buy quote) — roughly $3.70 below Ottawa’s quote and $5 below Mississauga’s for the same product.

Online vs branch options

CanadianPMX operates primarily as an online dealer with quantity-based pricing tiers, making it attractive for buyers targeting larger stacks. Their Compass Rose 1 oz Silver Round was available at $107.53 CAD as a single-unit price (CanadianPMX Compass Rose pricing), but wire/bank draft pricing for 1–24 units drops that to $78.02/oz — a $29.51 gap that reflects the payment method discount. TD Precious Metals, backed by Toronto-Dominion Bank, offers a different model: a physical bank branch presence combined with live spot charts (TD Precious Metals bank-grade offering), appealing to buyers who prefer institutional backing over specialized dealers.

Is silver about to skyrocket?

Anyone watching silver headlines has seen bold predictions before — some materializing, some quietly disappearing. The honest answer is that short-term price forecasts for any commodity carry wide confidence intervals, and silver moves on a combination of industrial demand, investment flows, currency shifts, and macroeconomic sentiment that no single model reliably predicts months ahead.

Current trends

The current spot price around USD 75.39/oz (AU Bullion live spot USD) represents a baseline in a market that historically trades in multi-year cycles. Goldbroker’s recent session data showed daily changes of +0.45, +0.76, and +2.85 CAD per ounce — modest but meaningful on a percentage basis (Goldbroker daily change tracking). JM Bullion provides a 30-year historical chart in CAD for Canadian investors wanting context on where current prices sit relative to long-run averages (JM Bullion 30-year CAD historical chart), which can ground expectations in a way that a single-day spot quote cannot.

Short-term predictions

Market commentary from financial outlets has included suggestions that silver could move higher if gold continues its recent trajectory, since the gold-to-silver ratio historically compresses during bullish precious-metals cycles. However, industrial demand — which accounts for roughly half of silver consumption globally — introduces a countervailing force if manufacturing activity softens. Canadian investors should treat short-term forecasts as one input among several, not a trading signal.

Could silver hit $100 per ounce?

Hitting $100 per ounce in USD terms would represent roughly a 33% move from current levels — not unprecedented in silver’s history, but not a baseline expectation either.

Historical highs

Silver reached above $40 per ounce in 2011 during a precious-metals bull cycle, and peaked above $30 in 2020 during pandemic-era investor demand. The current USD spot around $75.39 (AU Bullion current USD spot) shows the metal in a materially different price band than those earlier cycles. In CAD terms, the current spot around 102.44–102.62 per ounce (Goldbroker CAD spot range; AU Bullion CAD spot rate) positions the market well above the historical sub-$30CAD levels seen in the early 2010s.

Data-backed scenarios

The conditions that would push silver toward $100 USD per ounce would likely include a sustained gold rally, a weakening Canadian dollar making imports more expensive, and sustained industrial demand for silver in solar panels and electronics. Whether those conditions coincide in the right combination and timing is genuinely uncertain. What is clearer from current data: even at CAD 102.62 per ounce, Canadian dealers are applying premiums that make small-quantity buys substantially more expensive than the spot price suggests. Buyers planning to hold for the medium term should factor those costs into their break-even calculations.

Related reading: USD to CAD Conversion · National Bank of Canada Stock Analysis

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