Silver September (SI=F) futures opened at $60.31 at present, Wednesday, July 8, 2026, down 1.7% in comparison with yesterday’s opening worth. The value of silver is transferring even decrease this morning, reaching $59.03 as of 8:33 a.m. ET.
Silver costs are again beneath $60 this morning following U.S. airstrikes in opposition to Iran in retaliation for Iranian assaults on service provider ships within the Strait of Hormuz.
Referring to the U.S. ceasefire with Iran, President Trump stated Wednesday that, “For me, I feel it is over. So far as I am involved it is only a waste of time.”
The latest hostilities and the president’s feedback despatched oil costs rising, fueling inflation considerations as soon as once more. Renewed inflation pressures have despatched gold and silver costs decrease as Fed price hikes are again on the forefront of buyers’ minds.
Present worth of silver
The opening worth of silver futures on Wednesday was down 1.7% in comparison with Tuesday’s opening worth. This is how the opening silver worth has modified versus final week, month, and yr:
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One week in the past: +2.4%
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One month in the past: -10.6%
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One yr in the past: +64.4%
For context, silver’s year-over-year progress was 173.3% on Could 14.
24/7 silver worth monitoring: Remember you may monitor the present worth of silver on Yahoo Finance 24 hours a day, seven days every week.
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Silver vs. gold: Which made buyers more cash over time?
Over the previous 50 years, gold outperformed silver, delivering increased long-term returns. Because the Nineteen Seventies, silver and gold costs have dramatically elevated, however their roles within the economic system and their long-term efficiency are very completely different.
Governments and buyers view gold as a retailer of worth, and central banks maintain massive gold reserves to guard their economies in opposition to world inflation or geopolitical crises. It is also broadly used to supply jewellery.
Silver is far more plentiful in provide than gold, however it additionally has extra makes use of. Silver performs a big position in manufacturing and industrial manufacturing; corporations use silver to make photo voltaic panels, electronics, and medical gadgets. The economic demand can have an effect on silver’s costs, inflicting extra drastic adjustments.
Learn extra: Gold vs. silver: Which had increased returns over 50 years?
Worth of silver chart
Whether or not you are monitoring the worth of silver since final month or final yr, the price-of-silver chart beneath reveals the valuable steel’s worth journey thus far this yr.
Extra silver protection from the Yahoo Finance group: