Silver was priced at $61.83 per ounce at 7 a.m. ET, up 37 cents from the previous day and sharply higher than a year earlier.
Silver traded at $61.83 per ounce at 7 a.m. Eastern Time, rising from $61.46 the previous day and remaining above the $60 threshold highlighted earlier on Aug. 5. The metal was down slightly from $62.40 a month ago but up from $37.82 a year earlier, leaving it 63.48% higher over 12 months. The update reinforces silver's recent strength as investors weigh its role as an inflation hedge and store of value alongside demand from industrial uses such as electronics, healthcare tools and solar-related applications. Spot prices reflect the rate at which silver could theoretically be traded immediately, though retail buyers typically pay premiums for fabrication, shipping and insurance.