Silver September (SI=F) futures opened at $60.31 today, Wednesday, July 8, 2026, down 1.7% compared to yesterday's opening price. The price of silver is moving even lower this morning, reaching $59.03 as of 8:33 a.m. ET.

Silver prices are back below $60 this morning following U.S. airstrikes against Iran in retaliation for Iranian attacks on merchant ships in the Strait of Hormuz.

Referring to the U.S. ceasefire with Iran, President Trump said Wednesday that, "For me, I think it's over. As far as I'm concerned it's just a waste of time."

The recent hostilities and the president's comments sent oil prices rising, fueling inflation concerns once again. Renewed inflation pressures have sent gold and silver prices lower as Fed rate hikes are back at the forefront of investors' minds.

Current price of silver

The opening price of silver futures on Wednesday was down 1.7% compared to Tuesday's opening price. Here's how the opening silver price has changed versus last week, month, and year:   

• One week ago: +2.4%

• One month ago: -10.6%

• One year ago: +64.4%

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 vs. gold: Which made investors more money over the years? 

Over the past 50 years, gold outperformed silver, delivering higher long-term returns. Since the 1970s, silver and gold prices have dramatically increased, but their roles in the economy and their long-term performance are very different.

Governments and investors view gold as a store of value, and central banks hold large gold reserves to protect their economies against global inflation or geopolitical crises. It's also widely used to produce jewelry. 

Silver is much more abundant in supply than gold, but it also has more uses. Silver plays a significant role in manufacturing and industrial production; companies use silver to make solar panels, electronics, and medical devices. The industrial demand can affect silver's prices, causing more drastic changes. 

Read more: Gold vs. silver: Which had higher returns over 50 years?

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

• ​​Gold alternatives? How to invest in silver, platinum, and palladium.

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

• 3 predictions about silver prices in the next decade

• How to invest in silver in 5 steps

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