Silver Milan origin: today’s quotation

Today’s value

In the session of September 7, 2026 the Silver Milan origin index stands at 1,867.96 EUR/kg, a change of −1.9% on the previous session. The chart covers the last 64 sessions; the full multi-year history is available to FT Mercati subscribers.

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What it is

Silver Milan origin is one of the two historical bases of the Milan silver list — origin and spot — both quoted in euro per kilogram. It is the reference with which Italian jewellery, silverware and industry (electrical contacts, brazing alloys, catalysis) value the metal.

Unlike industrial metals, silver in Milan is quoted per kilogram, by tradition of the list and because of the unit value of the metal. The two bases are read together: anyone operating on the Italian silver market finds both in the list, each with its own history.

How it is calculated

The index starts from the silver price fixed on the London market (LBMA), expresses it in euro per kilogram and adds the Italian market premiums. Daily publication on trading days, with a continuous history.

From ASSOMET to FT Mercati: continuity of the series

Until 31 July 2026 this quotation was part of the "Milan prices" calculated and published by ASSOMET, the Italian national association of non-ferrous metal industries. Since 1 August 2026 FT Mercati has continued its calculation independently with the same criteria: the Silver Milan origin index is the continuation of the same series, with the full history preserved.

For those who use it in contracts nothing changes: monthly averages, year-on-year comparisons and price-revision clauses cross 1 August 2026 without a break. It is advisable to update the contractual reference to "FT Mercati Silver Milan origin index" and, for existing contracts, to share the transition with the counterparty.

What it is used for

Goldsmiths, silversmiths, refiners and industries using silver in contacts, brazing alloys and catalysts use it as the basis for purchases, for valuing stocks and for price-revision clauses in supply contracts.

Frequently asked questions

What is the Silver Milan origin index?

It is the reference quotation of silver (origin base) on the Milan market, calculated and published on every trading day by FT Mercati in EUR/kg. It continues the historical series published by ASSOMET until 31 July 2026, with the same criteria and the history preserved.

How is it calculated?

The index starts from the silver price fixed on the London market (LBMA), expresses it in euro per kilogram and adds the Italian market premiums. Daily publication on trading days, with a continuous history.

Can I use it in contracts that referred to the ASSOMET prices?

Yes: it is the continuation of the same series, so averages and price-revision clauses keep working. It is advisable to update the reference to "FT Mercati Silver Milan origin index" and, for existing contracts, to share the transition with the counterparty.

Where can I find the full history?

The website shows the latest published value and the trend of the most recent sessions. FT Mercati subscribers have the daily values, the multi-year history and the tools for contractual use on the platform; you can start with a free trial.

Why is silver quoted in EUR/kg?

By tradition of the Milan list and because of the unit value of the metal: silver is quoted per kilogram in the two historical bases, origin and spot, while industrial metals and alloys are quoted in euro per tonne.

The Milan Indexes are calculated and published by FT Mercati and are reference values of the Italian market, not exchange prices. The value shown is that of the latest published session.