Silver (SI=F) September futures opened at just $59.75 per ounce on Thursday, July 2, 2026, down 1.3% compared to Wednesday’s closing price. The silver price is moving up slightly this morning, reaching $60.48 as of 8:03 a.m. ET.

The Fed remains front and center in shaping current and future silver prices. The price of silver edged up over $60 this morning ahead of what is expected to be a solid June employment report. Silver hasn’t opened above $60 since last Wednesday.

Fed Chair Kevin Warsh spoke at the European Central Bank’s forum yesterday, saying that inflation expectations and risks have subsided some. Currently, there’s less than a 30% chance the Fed raises rates following its meeting at the end of July, according to the CME Group’s FedWatch tool.

A solid labor market and sticky inflation are likely to prompt the Fed to keep interest rates elevated for longer, which could limit further growth in silver prices in the coming months.

Current price of silver

The opening price of silver futures on Thursday, July 2, 2026, was down 1.3% compared to Wednesday’s closing figure. Here’s how the opening silver price has changed versus last week, month, and year:   

• One week ago: +2.3%

• One month ago: -21%

• One year ago: +66.1%

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: