Silver has climbed to approximately $76.67 per ounce as of early June 2026, driven by a convergence of investment demand tracking gold and structural industrial demand from solar photovoltaic manufacturing and electronics production, according to market data tracked by Kitco.

Key silver market data points for 2026:

- Silver spot price (June 2, 2026): $76.67 per ounce, up 1.87% on the trading session - Gold-to-silver ratio: approximately 59:1 - Silver year-to-date trading range: sustained above $74 per ounce since late May 2026 - Solar photovoltaic manufacturing consumes an estimated 12 to 14 percent of annual global silver production - Each gigawatt of installed solar capacity requires approximately 50 tonnes of silver

The Silver Institute estimates that total silver demand in 2026 will approach 1.2 billion ounces across all categories, outpacing mine supply and drawing down above-ground inventories. US domestic silver production is concentrated in Nevada, Idaho, and Alaska.

Solar panel installation capacity is expanding rapidly in 2026, driven by US federal tax credit incentives under the Inflation Reduction Act, utility-scale renewable procurement targets, and growing corporate demand for clean energy. This structural industrial demand adds a supply-demand dynamic to silver separate from its traditional role as a monetary metal and safe-haven asset.

Sprott's 2026 precious metals outlook notes that silver could outperform gold on a percentage basis in an upside scenario driven by accelerating industrial adoption alongside sustained investment flows.

Source: Kitco -- https://www.kitco.com/charts/livesilver.html