Live pricing from Kitco on August 5, 2026 shows silver bid at $59.82 an ounce, up $0.41, or 0.69 percent, on the day. The metal's asking price stood at $60.07, with the day's trading range spanning $57.88 to $60.17, a swing of roughly $2.29 across the session.

Converted into other common trading units, an ounce of silver at that price works out to $1.92 per gram and $1,923.29 per kilo. In units still used in parts of Asia and the Middle East, silver priced at $2.99 per pennyweight, $22.43 per tola, and $72.70 per tael. Kitco aggregates spot pricing from New York, London, Hong Kong, and Sydney markets to produce these live quotes.

The current price level sits well below silver's 2026 peak. The metal touched an intraday high near $121.58 on January 29, 2026, before a sharp correction pulled it down through the year. That means the metal traded roughly 51 percent below its January high as of early August, even after recovering from deeper lows earlier in the summer.

Day-to-day price swings of this size are typical for silver, which historically moves with greater volatility than gold because of its smaller market size and heavier reliance on industrial demand from electronics, solar panel manufacturing, and other manufacturing sectors. A relatively modest shift in industrial buying or investor positioning can move the spot price by several percentage points within a single trading session, a dynamic that showed up again in Tuesday's roughly 2.3-dollar intraday range.

For investors and industrial buyers tracking the metal, the gap between the current price and the January peak illustrates how quickly sentiment-driven rallies in silver can unwind, even as longer-term supply deficits reported elsewhere in the market continue to support prices above their multi-year averages.

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