Silver spot prices climbed to $63.52 per ounce bid on August 8, 2026, up $2.13 for the session, a gain of roughly 3.5 percent, according to live pricing data from Kitco. The metal traded in a range between $61.05 and $65.22 during the session, marking one of its stronger single-day moves since the start of August.

The rally builds on a volatile run for silver dating back to January 2026, when the metal touched a nominal all-time high of $121.64 per ounce before correcting sharply. Silver fell as low as the mid-$70s in early spring and continued lower into summer, trading near $57 to $59 per ounce in late July before firming back above $60 in the first week of August. Traders cited a softer US dollar and steady Federal Reserve interest rate policy as near-term supports behind the latest move.

Current institutional price targets remain well above the metal's recent trading range, with average 2026 forecasts from major banks clustered between $79 and $81 per ounce, though some firms have trimmed those targets in recent weeks. ING now projects an average price of $68 per ounce for the third quarter of 2026 and $74 per ounce for the fourth quarter, both reduced from earlier estimates of $79 and $84 respectively. Silver-gram pricing on Kitco's live feed showed $2.04 per gram, up $0.07 on the session, tracking the broader per-ounce move.

Source: Kitco -- https://www.kitco.com/charts/silver