Spot silver settled higher Friday, September 25, even as the metal remained well off its 2026 highs. Silver opened the session at $64.26 an ounce, up 0.4% from Thursday's close, and traded as high as $65.40 by mid-morning. The move came as investors weighed the outcome of a U.S.-China diplomatic summit in Washington, where the two sides agreed to a short-term extension of their trade agreement and continued discussions on artificial intelligence development.
Despite the daily gain, silver's short-term trend has cooled. The metal is down roughly 4% over the past week and about 7.5% over the past month, a pullback from its year-to-date peak of more than 173% reached in mid-May. Silver still shows a gain of nearly 47% over the past twelve months, underscoring how volatile 2026 has been for the metal even after recent softening.
The article also noted a distinction relevant to U.S. investors: silver is classified by the IRS as a collectible, meaning long-term holding gains face a maximum federal tax rate of 28%, compared with the 20% top rate that applies to most long-term stock gains. That treatment applies to physical bullion and coins as well as many silver-backed exchange-traded funds.
Market watchers continue to track Federal Reserve policy signals and broader dollar strength as key drivers for where silver heads next, alongside ongoing industrial and investment demand trends that have defined the metal's unusually sharp swings so far this year.
Source: Yahoo Finance -- https://finance.yahoo.com/personal-finance/investing/article/silver-price-today-friday-september-25-2026-silver-prices-settle-as-investors-weigh-what-comes-next-111253739.html