Silver September futures opened at $69.35 per ounce on Friday, August 28, 2026, down 0.1 percent from Thursday's closing price. The metal moved higher through the early session and reached $71.13 as of 7:57 a.m. Eastern time, according to Yahoo Finance.
Prices held a narrow range for most of the week while traders worked through inflation readings that landed close to expectations. Attention then shifted to the Federal Reserve's Jackson Hole summit, where Chair Kevin Warsh was scheduled to speak. Investors treated the address as the clearest available read on where the central bank takes interest rates at its September meeting, with the committee divided between a higher rate and a steady one.
Measured against earlier periods, Friday's opening price sat 1.9 percent above the level of one week earlier, 21.1 percent above one month earlier and 79.2 percent above one year earlier. Silver's year-over-year growth reached 173.3 percent on May 14, which shows how much the pace of appreciation has cooled since the spring.
Tax treatment separates silver from equities for US holders. The Internal Revenue Service classifies physical precious metals, including bars, rounds and coins, as collectibles. A gain on silver held for one year or less is taxed as ordinary income at rates reaching 37 percent. A gain on silver held longer than one year is taxed at the holder's ordinary income rate with a ceiling of 28 percent. That ceiling sits above the 20 percent maximum long-term capital gains rate applied to stocks, so a filer in the 22 or 24 percent bracket owes that same rate on a silver gain.
Source: Yahoo Finance - https://finance.yahoo.com/personal-finance/investing/article/silver-price-today-friday-august-28-2026-silver-rising-before-warsh-takes-the-stage-120957222.html