Silver prices opened within the narrow range they have been opening with all week, but silver prices are up appreciably in early trading, cresting the $62 mark for the first time since July 6. Both will influence future Fed rate decisions, directly impacting silver prices. Current price of silverThe opening price of silver futures on Wednesday, August 5, 2026, 0.8% lower than Tuesday's closing price. 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. Since the 1970s, silver and gold prices have dramatically increased, but their roles in the economy and their long-term performance are very different.