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Silver (SI=F) September futures opened at $69.34 per ounce on Monday, August 24, 2026, down 0.3% from Friday's closing price. Silver fell slightly this morning, reaching $69.29 as of 8:40 a.m. ET.
Silver opened above $69 for the first time since June 16, bringing its month-over-month gain to 18.2%.
Yahoo Finance Executive Editor Brian Sozzi published an informative piece this morning, detailing what is driving the recent price growth of precious metals:
Gold and silver prices are being fueled by a potent combination of monetary policy interventions, escalating geopolitical friction in the Middle East, and persistent global inflation.
A major catalyst for the late-August breakout has been U.S. Treasury's unexpected decision to double its long-term bond buyback program to $4 billion per session. In turn, this has triggered an aggressive wave of short-covering and speculative buying across precious metals markets.
At the same time, a never-ending war with Iran -which has pushed up energy prices once again — has reinforced gold's status as the primary global safe-haven asset.
Beyond shared macroeconomic factors, silver's dramatic outperformance also reflects an acute physical supply deficit and compounding industrial demand.
Long-term structural consumption from AI data center infrastructure, electrical grid modernizations, and advanced electronics continues to absorb physical inventory faster than global mine production can keep pace.
Keep reading: Why gold and silver prices have added $5 trillion in value
The opening price of silver futures on Monday, August 24, 2026, was 0.3% lower compared to Friday's closing price. Here's how today's opening silver price has changed versus last week, month, and year:
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.
There are several ways to invest in silver, from buying the metal itself to choosing financial products tied to its price. Here's how each option works.