Silver prices today, Thursday, July 23: Silver price hovers near $60, keeping the gold/silver ratio in line with historic averages

Silver (SI=F) September futures opened at $60.01 per ounce on Thursday, July 23, 2026, down 0.5% from Wednesday’s closing price. The silver price moved lower this morning, reaching $58.42 as of 8:40 a.m. ET.

Silver opened just above $60 on Thursday for the first time since July 10. The metal has gained 7.3% over the past week as investors weigh inflation concerns against safe-haven demand.

The gold/silver ratio at the open was 67.9, which is in line with the average since 2000. The ratio calculates how many ounces of silver it takes to purchase one ounce of gold. Investors use it as an indicator of each metal’s relative value. A ratio value above 75 could signal that silver is undervalued and positioned for higher performance.

Current price of silver

The opening price of silver futures on Thursday, July 23, 2026, was 0.5% lower compared to Wednesday’s closing price. Here’s how today’s opening silver price has changed versus last week, month, and year:

• One week ago: +7.3%

• One month ago: -3.1%

• One year ago: +52.3%

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.

Looking for a gold alternative? How to invest in silver, platinum, and palladium.

Precious metals are in high demand. Although gold has historically been the headlining investment metal, silver, platinum, and palladium are quickly becoming popular portfolio diversifiers. Here are three easy, action-oriented steps to help you start investing in these precious metals:

1. Learn the risks, growth drivers, and purposes

2. Understand the ownership options

3. Define your goal and allocation

Keep reading to learn more: How to invest in silver, platinum, and palladium

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: