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Covered Commodity and Power Product

Silver

SI=F · Front-month continuous futures · USD per troy ounce

Current futures price$65.59
Current price$65.59
Daily return-0.3%
Weekly return+3.7%
Monthly return-5.6%
YTD return-6.5%
Contract monthDec 26
Contract expirationUnavailable
Rollover statusProvider-managed front-month continuous series; exact rollover methodology not supplied
Contract seriesFront-month continuous futures
RegionGlobal
Price-feed statusDelayed market data enabled
UnitsUSD per troy ounce
CurrencyUSD
ProviderYahoo Finance delayed futures data
Timestamp

Historical chart

Silver historical futures price 120.7394.3567.9641.5815.192023-09-182024-03-192024-09-182025-03-202025-09-192026-03-232026-09-22 Date Futures price
2023-09-18 to 2026-09-22 · Range 20.85 to 115.08

AI-Assisted Chart Analysis

Silver technical analysis

Calculated from verified chart history for the selected tenor; no news or fundamental assumptions are used.

Technical only
Trend

Mixed trend: the latest level is below its 20-period average, without full long-term confirmation.

Momentum

RSI is 53, a neutral reading. Above 70 can signal extension; below 30 can signal exhaustion.

Support scenario

The first technical watch zone is 63.24. A break below 55.90 invalidates the near-term support setup.

Resistance scenario

The first resistance/watch zone is 69.43. A confirmed break above 69.47 supports continuation.

Risk

Annualized realized volatility is +45.0%. Maximum lookback drawdown is -51.4%, from a high-water mark of 115.08 to 55.90.

Potential levels are conditional chart scenarios, not personalized advice or instructions to buy or sell.

Current signal

  • Silver futures are currently trading at $66.815 per troy ounce, reflecting a modest daily gain of 0.39%.
  • The asset has demonstrated a strong recovery over the past week with a 5.20% increase, though it remains down 3.82% over the last month.
  • Year-to-date performance remains negative at -4.73%, indicating that the recent weekly rebound is occurring within a broader period of volatility.

What changed

  • The asset has shifted toward positive momentum over the last seven days, recovering from mid-September price declines.
  • Market sentiment has transitioned from the pressure observed earlier in the month, when prices fell in response to signals of further monetary tightening.
  • Recent sessions have seen a decoupling from the immediate downward pressure exerted by the Fed's rate hike environment.

Why it matters

  • Silver's price action remains highly sensitive to central bank policy and bond yield fluctuations, which dictate the opportunity cost of holding non-yielding precious metals.
  • The recent weekly gain suggests that market participants are re-evaluating the asset's value despite the ongoing macroeconomic headwinds that have pressured the metal year-to-date.
  • For investors, the contrast between the recent weekly recovery and the negative year-to-date performance highlights the importance of monitoring real yields as a primary driver of price direction.

Bullish factors

  • Recent operational updates, including Silver Bow Mining's intersection of massive sulfide mineralization and Silver Mountain's commencement of production at the Reliquias Mine, point to active supply-side developments.
  • Argenta Silver reported recovery rates of up to 96%, providing positive fundamental data regarding production efficiency.
  • The asset has shown resilience with a 5.20% gain over the last week, suggesting that technical support levels may be holding despite broader market volatility.

Bearish factors

  • The year-to-date decline of 4.73% reflects a challenging environment for precious metals that has persisted for much of the year.
  • Previous market reports indicated that price declines were linked to rising bond yields and signals of further monetary tightening, which remain persistent risks.
  • The asset's negative one-month performance of -3.82% underscores that the recent rebound is still working to offset earlier losses.

Key catalysts

  • Future price direction is heavily dependent on central bank interest rate decisions and their subsequent impact on the U.S. dollar and real yields.
  • Operational results and production milestones from major mining entities serve as fundamental supply-side catalysts for the metal.
  • Market participants are closely watching for any shifts in the interest rate outlook that could alter the opportunity cost of holding silver.

Key risks

  • A sustained environment of rising bond yields poses a significant risk to silver prices by increasing the opportunity cost of holding the commodity.
  • Any strengthening of the U.S. dollar, often driven by hawkish central bank policy, typically acts as a headwind for dollar-denominated silver futures.
  • Macroeconomic uncertainty remains a factor, as shifts in global demand or industrial consumption could impact the metal's price trajectory.

Upcoming reports

  • Market participants continue to monitor central bank policy communications following recent rate adjustments.
  • Ongoing operational updates from mining companies, including Silver Bow Mining and Silver Mountain, will be tracked for implications on supply.
  • Investors are observing broader economic data releases to gauge the potential for further shifts in monetary policy.

Latest verified updates

  • Silver Bow Mining reported the intersection of massive sulfide mineralization on September 21, 2026.
  • Silver Mountain commenced production at its Reliquias Mine as of September 21, 2026.
  • Argenta Silver reported recovery rates of up to 96% on September 21, 2026.

Sources

Yahoo Finance delayed futures data

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