Silver Price Surpasses $87 Per Ounce, Reaches Historic Milestone
Spot silver has surpassed $87 per ounce for the first time this year, extending its gains to over 21% in 2026, signaling continued strength in the precious metals market.
Summary
Silver has reached a record high of $87 per ounce, marking a more than 21% increase so far in 2026. This surge follows a previous milestone of $85 per ounce, indicating strong market momentum in precious metals.
Terms & Concepts
- Precious metal: A rare, naturally occurring metallic element with high economic value, such as gold, silver, platinum, and palladium.
- Ounce (oz): A unit of weight commonly used in precious metal trading, equal to approximately 28.35 grams.