It depends on the context. Lives, as in, cats have nine lives, is pronounced with the diphthong whereas "he lives in Spain" is pronounced with the monophthong. Also, each pronunciation of of this word ends in voiced /z/ because in this context, /z/ assimilates with /v/ . I hope this helps!

He lives in England /lɪvz/ Cats have nine lives /laɪvz/ These are the pronunciations for all well known US and UK accents. There are no alternatives.

laɪvz.... is a correct way to pounce (Lives )– This word is the plural form of life Example - Many people lost their lives in the blast. Example- The daily lives of our citizens is extremely exhausting. i hope u get ur correct answer...

It is possible to say both, but liveZ is more common used, despite the spelling!

They're two different words with two different pronunciations.