Silver (SI=F) December futures opened at $60.19 per ounce on Thursday, October 8, 2026, down 0.2% from Wednesday’s close. Silver prices slipped further in early trading, reaching $59.09 as of 6:53 a.m. ET.
Silver prices opened at their lowest price since August following comments from Federal Reserve Governor Chris Waller that higher rates should be expected at some point this year, perhaps even into next year:
“If the economic data continue to come in as expected, I anticipate additional hikes to support a timelier return of inflation to our 2% goal,” Waller said at the Central Bank of the Republic of Türkiye İstanbul Economic Forum. “But there is some flexibility about when those hikes will occur. The hikes do not need to come at consecutive meetings, but they should be in place in an acceptable period of time.”
Waller noted a convergence of factors have gelled into persistent inflationary forces, including hopes for a quick ending to the Middle East conflict and warnings that low inventories and damaged infrastructure could keep oil prices high through 2027. He also pointed out that the artificial intelligence build-out has significantly driven up high-tech consumer prices, and projections of its size have ballooned. Additionally, he said, continuing trade conflicts threaten new tariffs that could put upward pressure on inflation yet again.
“When the first inflation reading for August came in hot just before the FOMC’s September meeting, it was impossible to deny that inflation was still too high and not making sufficient progress toward our target,” Waller said.
Keep reading: Fed’s Waller sees additional rate hikes to get inflation down faster
Current price of silver
The opening price of silver futures on Thursday, October 8, 2026, was down 0.2% from Wednesday’s closing price. Here’s how today’s opening silver price has changed versus last week, month, and year:
For context, silver’s year-over-year growth was 173.3% on May 14.
24/7 silver price tracking: Don’t forget you can monitor the current price of silver on Yahoo Finance 24 hours a day, seven days a week.
Want to learn more about the current top-performing companies in the silver industry? Explore a list of the top-performing companies in the silver industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria.
Looking for a gold alternative? How to invest in silver, platinum, and palladium.
Precious metals are in high demand. Although gold has historically been the headlining investment metal, silver, platinum, and palladium are quickly becoming popular portfolio diversifiers. Here are three easy, action-oriented steps to help you start investing in these precious metals:
1. Learn the risks, growth drivers, and purposes
2. Understand the ownership options
3. Define your goal and allocation
Keep reading to learn more: How to invest in silver, platinum, and palladium
Price of silver chart
Whether you’re tracking the price of silver since last month or last year, the price-of-silver chart below shows the precious metal’s value journey so far this year.
58.87 -1.42 (-2.36%)
As of 7:12:31 AM EDT. Market Open.
More silver coverage from the Yahoo Finance team: