Silver September futures opened at $57.97 an ounce on Thursday, July 30, 2026, and traded up to $58.24 by 8:56 a.m. Eastern, keeping the metal below the $60 level it approached earlier in the month.
The current price reflects a partial recovery from a difficult stretch. Silver reached roughly $121 an ounce earlier in 2026 before a sharp decline that pulled it more than 50% off that peak. Gold followed a similar pattern on a smaller scale, trading about 25% below its own high set in the same period. Both metals entered July on firmer footing than they held in the spring.
Analyst forecasts remain widely dispersed. Some published estimates put the average 2026 silver price near $107 an ounce, a figure that would require a substantial move from current levels. A separate survey of investors produced a more modest projection of $69.60 an ounce by the start of 2027, implying a gain of about 16.7% from recent trading.
Survey work on price drivers points to policy over geopolitics. Among precious metals investors polled, 27.7% named monetary policy as the single biggest factor for the second half of 2026, ahead of geopolitics at 21.9% and government debt at 14.7%.
Silver's demand profile differs from gold because a large share of consumption is industrial. Solar manufacturing, electronics production, electric vehicles and construction of computing infrastructure all draw on physical supply, which links the price to manufacturing cycles as well as investment flows.
Source: Yahoo Finance - https://finance.yahoo.com/personal-finance/investing/article/silver-prices-today-thursday-july-30-2026-silver-prices-remain-below-60-even-without-a-rate-increase-125729235.html