Silver traded at $66.40 per ounce at 6:30 a.m. Eastern Time on August 12, according to pricing published by Fortune. The metal gained $1.44 over the previous day at the same hour, a move of 2.21 percent from $64.96.
The longer view shows a steeper climb. Silver stood at $59.86 an ounce one month earlier, putting the metal up 10.92 percent across that stretch. Against the $37.91 recorded a year ago, the gain reaches 75.15 percent, an increase of more than $28 an ounce.
Other precious metals held firm in the same session. Gold traded at $4,419.63 an ounce, platinum at $1,771.40 and palladium at $1,378.97. Gold carries the largest market of the group and tends to move with less volatility, while platinum and palladium swing more sharply because their markets are smaller.
Silver behaves differently from gold in one respect that shapes its price action. Industrial consumption, including solar equipment, electronics and healthcare devices, draws on the same supply that investors compete for, which widens the metal's swings. Gold trades almost entirely as a safe-haven asset.
Historical performance tells a more measured story. Measured from 1921 onward, silver has trailed the S&P 500 by roughly 96 percent, placing the metal in the category of a store of value that holds purchasing power when inflation climbs. Financial advisers commonly point to silver allocations under 10 to 15 percent of a portfolio, with total precious metals holdings below 20 percent.
Fortune attributed the metal's run over the past year to tight supplies alongside demand from both industrial users and investors.
Source: Fortune - https://fortune.com/article/current-price-of-silver-8-12-2026/