Silver (SI=F) September futures opened at $58.12 per ounce on Thursday, July 16, 2026, up 1.2% compared to Wednesday’s closing price of $57.43. The silver price is moving even lower this morning, reaching $57.07 as of 8:15 a.m. ET.
The price of silver continues to struggle this morning as the U.S. has targeted Iranian military sites with fresh airstrikes for the fifth straight day. Iran has responded in kind with airstrikes of its own across the Middle East, vowing to keep the Strait of Hormuz closed.
The Strait of Hormuz, through which a fifth of the world’s oil once flowed, remains critical to a path of peace and to stemming inflation concerns that have once again spread worldwide due to this conflict.
If the Fed elects to raise interest rates this year to control rising prices, the price of silver will face even greater headwinds, since silver, like gold, doesn’t pay interest.
Current price of silver
The opening price of silver futures on Thursday, July 16, 2026, was up 1.2% from Wednesday’s close. Here’s how the opening silver price has changed versus last week, month, and year:
One week ago: -1.9%
One month ago: -16.8%
One year ago: +53.1%
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:
