Is silver cheap right now?
Silver is often called gold’s high-energy cousin: part monetary metal, part industrial input, and a good deal more volatile. fairprice.fyi divides silver’s price by its 200-week moving average and places the result on a Very Cheap → Very Expensive scale. The gauge above is silver’s live reading.
What “cheap” and “expensive” mean for Silver
Silver shares gold’s tight metal bands: below about 0.95× its 200-week average is Very Cheap; 0.95–1.05× is Cheap; 1.05–1.15× is Fair Value; 1.15–1.30× is Expensive; and above 1.30× is Very Expensive. The bands are the same as gold’s, but silver tends to swing through them faster and further.
Silver at past extremes
Silver has spent long stretches sitting cheap against its 200-week average, then lurched well above it during its occasional manias — its sharp 2011 and 2020 spikes being the clearest examples. Those bursts pulled the price far ahead of a slow trend line before it settled back, a reminder that silver’s extremes tend to be more dramatic than gold’s.
Not financial advice.
Frequently asked
What does “cheap” mean for silver here?
That silver’s price is low relative to its own 200-week average — a valuation lens, not a forecast or advice.
Why is silver more volatile than gold?
It is a smaller market with heavy industrial demand, so it swings harder in both directions — which is why it reaches the edges of its bands more often.
Does this track the spot silver price?
It uses silver futures (the SI=F contract), which move in close step with spot silver.