Metals Market Spot Prices
Note: Prices shown are daily “spot” and/or closing prices gathered from a variety of public sources and offer a daily snapshot of a particular metal’s price. Metal prices may be delayed up to one business day and may not represent actual current rates for the metal or material in question. This is for reference only and not to be used for any financial decisions.
How are Metal Prices Determined?
Many important metals are traded on public exchanges. Among these exchanges are the New York Mercantile Commodity Exchange (COMEX) and London Metal Exchange (LME). Other metals are bought and sold directly through the offices of metal producers using prices set by those producers or related trade associations.
Less common metals or those with specialized uses may not be publicly traded at all, but require direct and private agreements with the metal producer.
For popular metals, many markets offer futures and options contracts which allow market participants to reduce potential volatility in the price of their metal supply. These instruments also give speculators the opportunity to profit from unpredicted price swings and volatility in metal markets.
Outside of specialized commodity markets, many investment firms and equity markets offer retail investors the opportunity to participate in metal investing and price speculation through specialized instruments such as ETF’s (Exchange Traded Funds). Some metal or commodity-based ETF’s may be fully backed by the material in question, while others may not. ETF’s are available for most all of the important industrial, base and precious metals.
Some of the more complex metal price ETF’s are designed to track the inverse of a metal’s price or even multiples of the market price. Other ETF’s track the price of an individual metal or a group of metals.
Investors also participate in metal price speculation through investment in mining companies and funds that invest in mining firms.
Prices shown are daily “spot” and/or closing prices gathered from a variety of public sources and offer a daily snapshot of a particular metal’s price.
All metal prices are available in USD going back to 2000, but prices may also be available in other currencies if exchange rates are available. The exchange rate database goes back to 2010 and is has been gathered from public sources through foreignexchangeresource.com. You can view current metal prices in all available currencies here and an archive of previous dates and currencies here.
We receive our pricing information shown on this page, courtesy of the kind folks at dailymetalprice.com