Silver Prices Open Higher on Monday, August 3, 2026
Silver (SI=F) September futures opened at $58.65 per ounce on Monday, August 3, 2026, up 1.5% from Friday’s closing price. However, the silver price moved lower this morning, reaching $58.03 as of 8:23 a.m. ET.
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The recent development that has contributed to the higher opening price is the U.S. decision to pause planned airstrikes on Iran for the second weekend in a row. This move is seen as an effort to restart peace talks, as President Trump stated that widespread airstrikes planned for Sunday night were put on pause after U.S. allies in the Middle East urged the president to de-escalate.
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Current Price of Silver
The opening price of silver futures on Monday, August 3, 2026, was 1.5% higher compared to Friday’s closing price. Here’s a comparison of today’s opening silver price with the prices from the past week, month, and year:
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- One week ago: +0.3%
- One month ago: -1.4%
- One year ago: +61.4%
For context, silver’s year-over-year growth was 173.3% on May 14.
Investing in Silver
There are several ways to invest in silver, including buying the metal itself, choosing financial products tied to its price, and investing in silver mining companies. Here’s a detailed overview of each option:
Physical Silver
The most direct way to invest in silver is to buy it in physical form, either as bullion bars or government-minted coins. This gives you direct ownership of the metal, with no counterparty risk from an exchange or financial institution. However, the trade-off is logistics, as you’ll need to consider storage, security, and potentially insurance. Dealers also charge a markup above the spot price, which means prices need to rise enough to cover that premium before you’re in profit.
Silver ETFs
Silver exchange-traded funds (ETFs) trade on stock exchanges the same way individual stocks do. Some ETFs hold physical silver directly, giving shareholders fractional ownership of real metal. Others invest in silver mining companies rather than the commodity itself. ETFs are generally the most accessible and liquid way to get silver exposure, but keep in mind that some silver funds are taxed as collectibles rather than investments, which can mean a higher tax rate.
Why Silver is Outperforming Gold
Silver prices have more than tripled over the past year despite their recent sell-off. This is a significant contrast to gold, which has also surged over the past 50 years but delivered lower returns. Experts weigh in on what could be causing these record highs and predict how silver’s price will change in the next decade.
The Yahoo Finance team provides in-depth analysis and expert predictions on silver’s price performance. Whether you’re tracking the price of silver since last month or last year, the price-of-silver chart below shows the precious metal’s value journey so far this year.
