The speaker disclosed in this invention comprises: (a) a central cap fixed on voice coil bobbin; (b) a shaft fixed in the center of the central cap; and (c) a bearing filled with lubricating fluid and fixed in a through-hole disposed in the center of a magnetic circuit. The speaker has excellent characteristics without sliding noise or harmful rolling phenomena but with reduced harmonic distortion due to the introduction of a magnetic fluid or a lubricant used as a lubricating fluid.