Silver (SI=F) September futures opened at $58.88 per ounce on Thursday, July 9, 2026, up 0.6% compared to Wednesday's closing price of $58.54. The silver price is moving up slightly this morning, reaching $59.38 as of 8:17 a.m. ET.

As it tends to do, silver prices are following gold's price movements this week. The opening price of silver has been lower each day so far this week, hitting a new weekly low this morning as the U.S. and Iran exchange military strikes, all but eliminating their fragile ceasefire.

The renewed hostilities have sent oil prices (BZ=F) higher ahead of the Fed's next meeting at the end of this month. If these latest airstrikes grind traffic to a halt in the Strait of Hormuz for an extended period, inflation concerns will be reignited just ahead of the Fed's next rate-setting meeting. Elevated interest rates only put downward pressure on silver prices.

Current price of silver

The opening price of silver futures on Thursday, July 9, 2026, was up 0.6% from Wednesday's close. Here's how the opening silver price has changed versus last week, month, and year:   

• One week ago: -1%

• One month ago: -13.7%

• One year ago: +61.8%

For context, silver's year-over-year growth was 173.3% on May 14, 2026.

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. 

More silver coverage from the Yahoo Finance team: 

• 5 ways to invest in silver for beginners

• Silver price volatility: What to know and how to invest in 2026

• Silver vs. gold: Which metal made investors more money in the last 50 years?

• 3 predictions about silver prices in the next decade

• Why is silver outperforming gold? What to know before you invest.

• How to invest in silver in 5 steps

• Investing in silver or other metals? Here's how to avoid taxes.