Silver (SI=F) December futures opened at $64.69 per ounce on Wednesday, September 2, 2026, down 1.0% from Tuesday's closing price. The silver price fell further in early trading, reaching $64.24 as of 6:48 a.m. ET.

The U.S. military launched its second wave of attacks against Iran in a three-day span, prompting retaliation from the Iranian military against U.S. military bases in the Middle East. The renewed fighting marked a sharp shift from the economic-pressure approach the U.S. had been taking toward Iran in an effort to secure a peace deal and reopen the Strait of Hormuz.

As a result of the escalation, silver prices opened at their lowest levels in two weeks and continued sliding in early trading. The move comes as precious metals and broader commodity markets remain sensitive to shifts in geopolitical risk and to energy costs, which can feed into inflation expectations and interest-rate outlooks.

If the fighting persists and energy prices continue to rise, with Brent Crude (BZ=F) back near $95 a barrel, the Fed may have no choice but to raise rates later this month, putting additional downward pressure on silver prices.

Current price of silver

The opening price of silver futures on Wednesday, September 2, 2026, was 1.0% lower than Tuesday's closing price. Here's how today's opening silver price compares with last week, last month, and last year:

• One week ago: -6.7%
• One month ago: +9.3%
• One year ago: +61%

For context, silver's year-over-year growth was 173.3% on May 14.

You can monitor the current price of silver on Yahoo Finance 24 hours a day, seven days a week.

If you want to learn more about the current top-performing companies in the silver industry, you can use the Yahoo Finance Screener. It offers more than 150 screening criteria.

Silver vs. gold: Which made investors more money over the years?

Over the past 50 years, gold has outperformed silver, delivering higher long-term returns. Since the 1970s, both metals have increased sharply, but their economic roles and long-term performance have differed.

Governments and investors view gold as a store of value, and central banks hold large gold reserves to help protect economies against global inflation or geopolitical crises. Gold is also widely used in jewelry.

Silver is much more abundant than gold, but it has more uses. It plays a significant role in manufacturing and industrial production, including in solar panels, electronics, and medical devices. Industrial demand can affect silver prices and contribute to larger swings.

Price of silver chart

Whether you are tracking the price of silver over the past month or the past year, the chart below shows the metal's value journey so far this year.

(Yahoo Finance / SI=F)

More silver coverage from the Yahoo Finance team:

• 5 ways to invest in silver for beginners
• Silver price volatility: What to know and how to invest in 2026
• Gold alternatives? How to invest in silver, platinum, and palladium
• Why is silver outperforming gold? What to know before you invest.
• 3 predictions about silver prices in the next decade
• How to invest in silver in 5 steps
• Investing in silver or other metals? Here's how to avoid taxes

Silver price volatility: What to know and how to invest in 2026

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Silver price predictions: What can investors expect over the next 10 years?

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Why is silver outperforming gold? What to know before you invest.

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How to invest in silver in 5 steps

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Gold forecast and tracker: Where will prices land in 2026?

How high will gold go in 2026? See live gold prices, expert predictions about gold performance, and learn whether gold will reach $6,000.

Silver vs. gold: Which metal made investors more money in the last 50 years?

Both gold and silver have surged over the past 50 years, but which precious metals delivered the higher returns? Here's how these investments compare.