Silver (SI=F) July futures opened at $68.32 per ounce on Tuesday, 0.4% lower than Monday’s closing price, but higher than yesterday’s open. The price of silver is steady in early trading at $68.45 per ounce as of 7:03 a.m. ET.
Much like gold prices, the opening silver prices so far this week are steady, but down significantly from last week. Last week, average opening silver prices were over $74; so far this week, they are averaging just over $68.
While markets have welcomed news that Israel and Iran have paused hostilities, the Strait of Hormuz remains largely closed, keeping pressure on energy prices and driving inflation higher for economies worldwide.
A report this morning from the National Federation of Independent Business showed that many small businesses have already raised prices, with more to follow. Two other important inflation indicators due later this week are expected to confirm much the same: inflation continues to drive prices higher due to disruptions caused by the war in Iran.
If the Fed keeps rates elevated and even raises them this year, that is expected to put more downward pressure on silver prices.
Current price of silver
Silver (SI=F) July futures opened 0.4% lower than Monday’s closing price. Here’s a look at how the opening silver price has changed versus last week, month, and year:
-
One week ago: -9.7%
-
One month ago: -15.5%
-
One year ago: +86.2%
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.
Silver price predictions for the next decade
Silver price forecasts vary wildly by expert. Some say silver’s price will hold steady or experience modest growth, while others predict huge price spikes. Here are some of the biggest predictions for silver’s price:
1. Silver reaches $100 per ounce
Experts with BlackRock and J.P. Morgan agree that the outlook for silver remains strong, and its price will increase. By the end of 2026, experts predict silver’s price will surpass $80 per ounce, and it could reach $100 per ounce by 2030.
Does that mean you should buy lots of silver? Be aware that predictions can change, and they may revise their forecasts at any time.
2. Silver coins become more popular
With the conflict in the Middle East, investors are increasingly concerned about economic turmoil and manufacturing supply chain disruptions. Historically, that means investors will increasingly buy precious metals, such as silver.
Because buying an ounce of gold is prohibitively expensive for new investors, silver coins or bars are a more accessible entry point, so there may be increased demand.
3. Pricing may be more volatile
Compared to gold, silver’s price tends to be more volatile, with more rises and falls. Its price fluctuates due to changes in industrial demand and investor confidence.
For example, at the beginning of January 2026, silver’s price topped $113 per ounce. But by February, its price dropped to $77 per ounce, a decrease of about 32% in just a few weeks.
Keep reading: Silver price predictions for the next decade: What should investors expect?
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.
More silver coverage from the Yahoo Finance team: