Silver (SI=F) July futures opened at $58.03 per ounce on Friday, June 26, 2026, down 1.3% from Thursday’s closing price. The price of silver remained steady this morning, reaching $58.71 as of 7:47 a.m. ET.
Just two weeks ago, the price of silver rose as a result of the president’s announcement of the end of the war with Iran. But short-term headlines are no longer driving silver prices higher. For gold and silver, the Fed and its future plans for interest rates are currently the main drivers.
High inflation has many analysts predicting at least one rate hike later this year, putting downward pressure on silver prices. Silver prices have fallen by 21.7% since June 1, and by 9.1% since Monday.
The very last Index of personal consumption expendituresThe Fed’s preferred measure of inflation rose 4.1% in May, the highest level in three years. Nevertheless, inflation rose to 0.4% for the month, less than expected.
Current price of silver
Silver futures opened Friday down 1.3% from Thursday’s close. Here’s how today’s opening silver price has changed over the past week, month and year:
-
A week ago: -12.4%
-
A month ago: -25.1%
-
A year ago: +59.8%
For context, on May 14, the growth of silver compared to the same period last year was 173.3%.
24/7 Silver Price Tracking: Don’t Forget You can follow 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 the list of the most effective companies that use Yahoo Finance Screener. You can create your own screeners with more than 150 different screening criteria.
Investing in silver? Here’s how to avoid taxes.
Do you have to pay taxes on silver? yes. Silver is a capital asset, so if you sell it for more than you paid, the gain is taxable and reportable Schedule D of your federal return.
Many investors believe that holding silver for more than a year entitles them to the same long-term capital gains rates as stocks (0%, 15% or 20%).
Spoiler alert: no.
Tax trap 28% levy
The IRS classifies physical precious metals — including bullion, bullion, and coins — as collectibles. This classification significantly changes the tax math.
Short-term benefits
If you hold the silver for one year or less, your gain is taxed as ordinary income. Depending on your tax bracketwhich can reach 37%.
Long-term benefits
If you own the silver for more than one year, your gain is taxed at the ordinary income rate, but not more than 28%.
Here’s what it looks like in real life:
-
If you fall into the 10%, 12%, 22% or 24% bracket, your silver gain is taxed at the same rate.
-
If you are in the 32%, 35% or 37% category, you are limited to 28%.
So if you’re middle-income and used to paying 15% on stock gains, silver could cost you more, maybe 22% or 24%, depending on your adjusted gross income.
If you’re in the upper chains, the 28% cap is technically a discount compared to 35% or 37%, but it’s still higher than the 20% long-term capital gains cap on stocks.
That difference adds up quickly when you’re talking five- or six-figure income.
Learn more: How to avoid taxes when investing in silver
Silver price chart
Whether you’re tracking the price of silver from last month or last year, the silver price chart below shows the change in the price of the precious metal over the current year.
More silver linings from the Yahoo Finance team: