The price of silver in U.S. dollars, as of October 2015, is approximately $15.80 per ounce, according to SilverPrice.org. Silver is an extremely volatile commodities asset that is traded at a high volume in stock markets, so its price tends to change frequently throughout each day.
Silver has experienced two dramatic price increases, once in 1980 and again in 2011, that have sent its per ounce price to almost $50. The 1980 spike was followed by an immediate drop back to approximately $5 an ounce, while the 2011 decline was more gradual, taking approximately two years to plateau at around $15 an ounce. Though silver prices are frequently compared to gold prices, they are historically much lower.