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Silver July (SI=F) futures opened at $75.49, essentially flat compared to Wednesday’s closing price. The price of silver slid lower as of 7:12 a.m. ET to $74.62.
Continued clashes between the U.S. and Iran and Israel and Hezbollah are erasing the hopeful sentiments that existed in the market that a finalized truce was coming and a ceasefire truly meant an end to the fighting. Both gold and silver prices have remained quite steady this week and last, but are sliding this morning as oil prices are back on the rise and inflation continues to be front-page news for the Fed, which meets for a rate-setting meeting in a couple of weeks.
Current price of silver
The opening price of silver futures on Wednesday was basically flat compared to Tuesday’s closing price. Here’s how the opening silver price has changed versus last week, month, and year:
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One week ago: +1.2%
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One month ago: +1.4%
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One year ago: +120%
For context, silver’s year-over-year growth was 173.3% on May 14.
24/7 silver price tracking: Don’t forget you can monitor the current price of silver on Yahoo Finance 24 hours a day, seven days a week.
Want to learn more about the current top-performing companies in the silver industry? Explore a list of the top-performing companies in the silver industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria.
Silver vs. gold: Which made investors more money over the years?
Over the past 50 years, gold outperformed silver, delivering higher long-term returns. Since the 1970s, silver and gold prices have dramatically increased, but their roles in the economy and their long-term performance are very different.
Governments and investors view gold as a store of value, and central banks hold large gold reserves to protect their economies against global inflation or geopolitical crises. It’s also widely used to produce jewelry.
Silver is much more abundant in supply than gold, but it also has more uses. Silver plays a significant role in manufacturing and industrial production; companies use silver to make solar panels, electronics, and medical devices. The industrial demand can affect silver’s prices, causing more drastic changes.
Read more: Gold vs. silver: Which had higher returns over 50 years?
Price of silver chart
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.
More silver coverage from the Yahoo Finance team:
