Silver Price in South Korean Won

South Korea is one of the world’s brightest spots for technology, culture, and invention. However, South Korean silver investors are still confronted with the reality that they must convert US dollars into South Korean won whenever they examine the price of silver.

The chart aims to help you make smarter investment decisions without the bother of an exchange rate. We offer the past three decades’ worth of closing silver prices expressed in terms of won, not dollars.

What you may not know is that watching the price in terms of won is not just a matter of simplicity. So, let’s discuss why you should monitor silver in terms of KRW, along with how to use the chart on this page most effectively.

Why Monitor Silver’s Price in KRW

For starters, it’s much more convenient to monitor silver in terms of KRW. Being able to check on the progress of silver without having to do any math is just nice — it saves you time and the chance of suffering a headache.

Even more to the point, seeing the price of silver in won helps you immediately gain perspective on both the absolute price of silver at the time, but also the relative cost of it to other household items. Because you use KRW as your daily currency, you understand the meaning behind silver’s movements if you can contextualize them in terms of restaurant tickets, grocery bills, and so forth.

However, the big reason to monitor silver’s price in SK won is because it may yield a unique trading opportunity. Sharp-eyed investors may be able to detect price changes that have nothing to do with the underlying value of silver, but rather have to do with changes in the exchange rate between KRW and USD. Consider the following:

• If the won becomes stronger against the dollar, silver becomes easier for South Koreans to buy. As a result, the demand for silver goes up. Absent any changes to the supply of silver, the price will soon follow. In those conditions, you may be able to realize extra profit on any silver you want to sell.
• On the other hand, if the won weakens against the dollar, the opposite situation occurs. South Koreans can’t buy as much, demand drops, and the price goes down. When this happens, you may be able to find opportunities to buy silver more cheaply than before and reduce the per-unit cost of your silver stores.

In order to keep an eye out for these situations, you will need to examine both this chart and the silver chart in US dollars. Any significant discrepancies between the two may mean that exchange rate fluctuations are at play, rather than any changes to the underlying supply and demand for silver.

How to Use This Chart

No matter which currency you choose to view our silver price chart, you’ll find that it operates the same way. We have the price of silver achieved at the close of every trading day since January 1, 1995 available to you.

The first thing to note is the current day’s information at the top left corner of the chart’s dashboard. We have the spot, bid, ask, high, and low prices for the day. The spot, bid, and ask are all updated in real time from the market, while the high and low are updated as the situation requires.

The chart you’ll first see will also reflect the current day of trading. However, you can quickly look at various times during the past year using the preset buttons on the dashboard.

If you need to look back further into the past, though, you’ll have to press the “All” button. Doing so will bring up two blanks beneath it, and you’ll be able to enter any start date and end date you want.

If you want a different method, you can try moving the slider underneath the chart to the time horizon you prefer. In fact, this method allows you to compare like time periods to one another more easily.

Once you’ve chosen your window of time to examine, you will find several peaks and valleys on your chart view. You can zoom into any datapoint on the chart to get more specific information about the exact time and price associated with it. Just be aware that you may need to shrink your timeframe to get the details on specific dates — longer time periods will only return average prices for months or weeks.

Finally, you can compare various financial metrics against the performance of silver during the same time period by using the radio buttons on the left. You can see mirror image charts for the FTSE 100, the price of crude oil, or the performance of the US dollar itself, among others.

Factors Influencing Silver’s Price

Although you may see correlations between some of those financial indicators above, there are distinct factors that influence silver’s price. More specifically, there are various external factors that may cause the supply and demand of silver to change, and affect the price of silver in the process. Here are some of the bigger ones to watch:

• Industrial demand: Silver is a unique case among precious metals because of its industrial demand. Because silver is the most reflective metal, is the most conductive metal, and is antimicrobial, it is of critical importance to the devices and products in several industries. Notably, the electronics, medical, and solar power industries rely heavily upon silver to operate. In fact, industrial demand within the solar power industry has driven much of silver’s industrial demand in the past few years, and has been one of the primary reasons that silver has risen so much in 2024 and 2025.
• Economic stability: Like other precious metals, the price of silver reacts inversely to the state of the economy. When times are good or stable, then investors tend to stick with investments that move in concert with the economy, like mutual funds or stocks. However, when things get less certain, silver’s price tends to rise as investors look for safe haven assets. Alongside the industrial demand mentioned above, the economic instability generated by the US trade war has been one of the main factors pushing silver to new highs in 2025.
• Inflation: Governments often dilute their currencies in an attempt to stay the progress of an economic downturn. However, the collateral consequence of these measures is the dilution of the value of investor portfolios. Thus, we often see investors turn to silver (and other precious metals) in an attempt to preserve the value of their assets against the diminishing purchasing power of fiat currency. In fact, inflation was probably the biggest reason why silver’s price reached an all-time high (₩51,905.51) on April 28, 2011, as governments had spewed fiat currency into their systems to reduce the effects of the 2008–2010 financial crisis.
• Geopolitical conflicts: Economic instability makes investors nervous and usually precipitates a rise in the price of silver. Geopolitical conflicts like wars have the same effect. When it seems as though unrest between sovereign nations may threaten the progress of business, investors ride out the storm with their assets in silver. For example, silver reached a notable peak (₩32,659.49) on March 8, 2022 — only two weeks after Russian forces incurred into Ukraine to begin the conflict between the two countries.

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