Actual
60.810
Daily Change
1.64 2.76%
Monthly
-4.31%
Yearly
20.94%
Q4 Forecast
63.601
Silver - Summary

Silver prices surged more than 2% to around $60.5 an ounce on Friday, recovering from a two-month low as a softer US dollar and easing oil prices supported the metal, despite lingering concerns over further Federal Reserve rate hikes. Oil prices retreated after a recent rally, following US President Donald Trump’s statement that Washington would not attack Iran before next month’s US midterm elections, as diplomatic efforts to end the conflict continued. Meanwhile, St. Louis Fed President Alberto Musalem said on Thursday that further monetary tightening may be necessary to bring inflation back to the central bank’s 2% target, although he declined to indicate how policymakers should act at their meeting later this month. According to the CME FedWatch Tool, markets were pricing in less than a 20% probability of a rate hike in October, while assigning more than an 80% chance of at least one 25-basis-point increase by December.

Silver - Stats

Silver rose to 60.90 USD/t.oz on October 9, 2026, up 2.92% from the previous day. Over the past month, Silver's price has fallen 4.16%, but it is still 21.13% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Silver reached an all time high of 121.64 in January of 2026. Silver - data, forecasts, historical chart - was last updated on October 9 of 2026.

Silver - Forecast

Silver rose to 60.90 USD/t.oz on October 9, 2026, up 2.92% from the previous day. Over the past month, Silver's price has fallen 4.16%, but it is still 21.13% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Silver is expected to trade at 63.60 USD/t. oz by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 74.56 in 12 months time.



Price Day Month Year Date
Gold 4,195.43 62.31 1.51% -2.82% 4.54% Oct/09
Silver 60.81 1.637 2.77% -4.31% 20.95% Oct/09
Copper 6.66 0.1391 2.13% 2.96% 38.77% Oct/09
Steel 3,099.00 27.00 0.88% 0.13% 0.42% Oct/09
Lithium 122,350.00 -2600 -2.08% -15.48% 66.35% Oct/09
Platinum 1,697.60 55.60 3.39% -5.75% 6.20% Oct/09
Iron Ore 90.98 -0.15 -0.16% -8.44% -13.24% Oct/08


Silver
Silver is a widely traded precious metal with both industrial and investment applications. It is used extensively in electronics, solar panels, and medical technologies, while also serving as a store of value and portfolio diversification tool. As a result, silver prices are influenced by both industrial demand and investor sentiment. Silver futures and options are traded on major exchanges such as the COMEX, where they are used by mining companies, manufacturers, and investors to manage price risk. Standard futures contracts typically represent 5,000 troy ounces. On the supply side, Mexico, Peru, and China are the largest producers globally, followed by Australia, Chile, Bolivia, the United States, Poland, and Russia. Silver prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
60.90 59.17 121.64 3.53 1975 - 2026 USD/t. oz Daily

News Stream
Silver Rebounds from Two-Month Low as Dollar Weakens
Silver prices surged more than 2% to around $60.5 an ounce on Friday, recovering from a two-month low as a softer US dollar and easing oil prices supported the metal, despite lingering concerns over further Federal Reserve rate hikes. Oil prices retreated after a recent rally, following US President Donald Trump’s statement that Washington would not attack Iran before next month’s US midterm elections, as diplomatic efforts to end the conflict continued. Meanwhile, St. Louis Fed President Alberto Musalem said on Thursday that further monetary tightening may be necessary to bring inflation back to the central bank’s 2% target, although he declined to indicate how policymakers should act at their meeting later this month. According to the CME FedWatch Tool, markets were pricing in less than a 20% probability of a rate hike in October, while assigning more than an 80% chance of at least one 25-basis-point increase by December.
2026-10-09
Silver Rises as Oil Prices and Bond Yields Retreat
Silver rose above $60 an ounce on Friday, rebounding from two-month lows as falling oil prices and bond yields eased pressure on non-yielding metals. Oil prices declined after President Donald Trump said the US was engaged in “productive discussions” with Iran and would refrain from attacking the country before the midterm elections. His remarks came even as Iran intensified attacks on tankers transiting the Strait of Hormuz this week, while a hurricane disrupted offshore oil production in the Gulf of Mexico. Meanwhile, US Treasury yields retreated from 24-year highs following strong demand at a 30-year bond auction, indicating that investors remained willing to buy long-dated government debt despite the recent selloff. On the monetary policy front, markets are pricing in roughly an 82% chance that the Federal Reserve will keep interest rates unchanged this month, while the probability of a rate hike in December stands at around 81%.
2026-10-09
Silver Poised to Finish Week Lower
Silver steadied above $59 an ounce on Friday, but was still on track to finish the week lower as investors assessed developments in the Middle East and the outlook for Federal Reserve monetary policy. Oil prices eased after President Donald Trump said the US was engaged in “productive discussions” with Iran and would refrain from attacking the country before the midterm elections. His comments came even as Iran intensified attacks on tankers passing through the Strait of Hormuz this week. A hurricane also disrupted US offshore oil production in the Gulf of Mexico. Meanwhile, markets are currently pricing in an approximately 82% probability that the Fed will keep interest rates unchanged this month, while the odds of a rate hike in December stand at around 81%. On Thursday, St. Louis Fed President Alberto Musalem indicated that rates may need to rise over the next six to nine months to bring inflation back toward the central bank’s 2% target.
2026-10-09