Silver (World Bank) represents a global benchmark for silver prices fixed in London and is applied in electronics, photography, and solar energy, with the United Kingdom as the primary trading region where this instrument acts as a price reference for the precious and industrial metals market. In 2026, prices ranged from 32.23 USD/troy ounce to 92.06 USD/troy ounce with an average level of 50.54 USD/troy ounce. Delivery basis is Silver (UK), 99.9% refined, London afternoon fixing; prior to July 1976 Handy & Harman, grade prior to 1962 unrefined silver.