Silver traded at $64.74 per ounce as of 6:30 a.m. Eastern time on Friday, August 14, 2026, according to market data reported by Fortune. The price marked a one cent decline from the previous session but represented a gain of more than $26, or roughly 70 percent, compared to the same date one year earlier. Over the trailing month, silver climbed about 12 percent from $57.65 an ounce.
The metal's advance this year builds on a rally that saw silver climb nearly 25 percent in the prior year, pushing the metal into decade-high territory before this year's additional gains. Silver remains more sensitive to price swings than gold because of its heavy use in industrial applications such as electronics and medical equipment, while gold functions primarily as a safe-haven asset. Gold traded at $4,354.25 per ounce during the same reporting period, with platinum at $1,729.67 and palladium at $1,301.20.
Market watchers point to continued scarcity of mined supply alongside growing demand from investors and industrial buyers as forces behind the year's price movement. Precious metals traders often note that a narrow gap between bid and ask prices signals strong underlying demand for the physical metal.
Silver bullion and coins traded on major markets must generally meet a 99.9 percent purity standard, the "three nines fine" benchmark, to qualify as investment grade product, distinguishing them from lower purity material classified as industrial or collectible silver.
Source: Fortune - https://fortune.com/article/current-price-of-silver-8-14-2026/