Silver prices held near 62 dollars an ounce in early July 2026, consolidating after one of the metal's most dramatic runs in decades. September silver futures opened at 62.52 dollars per ounce on July 7, with spot silver hovering around 62.10 dollars. The current level marks a substantial pullback from the all time high of 121.62 dollars reached on January 29, 2026, yet silver remains up more than 150 percent over the past year.
Analysts remain broadly constructive on the outlook despite the retreat from the January peak. Commerzbank has forecast silver reaching the 90 dollar level by year end, with a further move toward 95 dollars by the end of 2027. UBS Group projects a more measured average near 85 dollars by the close of 2026, while Deutsche Bank has set a more bullish target of 100 dollars by year end.
Mining companies focused on silver have benefited from the higher prices. First Majestic, among the purest silver producers, reported record first quarter revenue of 477 million dollars, up 95 percent, on a 26 percent increase in silver output. The company also generated record operating cash flow of 311 million dollars, up 182 percent.
Producers can outpace the metal itself during strong markets when higher prices lift revenue faster than costs, though they carry added risk from production shortfalls, permitting delays, or balance sheet strain that can weigh on shares even when silver rises.
Source: Fortune - https://fortune.com/article/current-price-of-silver-7-7-2026/