Silver prices today, Friday, July 24, 2026: Silver returns above $58 as markets price in higher rate risks

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Silver prices today, Friday, July 24, 2026: Silver returns above $58 as markets price in higher rate risks Catherine Brock · Contributing writer Fri, July 24, 2026 at 6:24 PM GMT+3 3 min read

Silver (SI=F) September futures opened at $57.92 per ounce on Friday, July 24, 2026, down 0.2% from Thursday's closing price. The silver price moved higher this morning, reaching $58.87 as of 8:28 a.m. ET.

After pulling back Thursday, silver rebounded slightly Friday morning. Strength in the U.S. dollar (DX-Y.NB) contributed to Thursday's decline and inflation risk continues to limit any recovery for silver prices. According to CME FedWatch, the consensus for next week's rate decision is a hold — but the probability has declined to 64.2% from 87.2% last week. A better-than-expected initial jobless claims report on Thursday contributed to the sentiment change.

Since silver does not pay interest, investors tend to shift into yield-bearing assets when interest rates rise. That limits demand and silver's appreciation potential.

Current price of silver

The opening price of silver futures on Friday, July 24, 2026, was 0.2% lower compared to Thursday's closing price. Here's how today's opening silver price has changed versus last week, month, and year:

• One week ago: +4.3%

• One month ago: -2.5%

• One year ago: +48.3%

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 using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria.

Investing in silver? Here's how to avoid taxes.

Do you have to pay taxes on silver? Yes. Silver is a capital asset, so when you sell it for more than you paid, the gain is taxable and reported on Schedule D of your federal return.

Many investors assume holding silver for more than a year qualifies them for the same long-term capital gains rates as stocks (0%, 15% or 20%).

Spoiler: It doesn't.

The 28% collectible tax trap

The IRS classifies physical precious metals — including bars, rounds, and coins — as collectibles. That classification changes the tax math in a big way.

Short-term gains

If you hold silver for one year or less, your profit is taxed as ordinary income. Depending on your tax bracket, that could go as high as 37%.

Long-term gains

If you hold silver for more than one year, your gain is taxed at your ordinary income rate — but no more than 28%.

Here's what that looks like in real life:

• If you're in the 10%, 12%, 22% or 24% bracket, your silver gain is taxed at that same rate.

• If you're in the 32%, 35% or 37% bracket, you're capped at 28%.

So if you're a middle-income earner accustomed to paying 15% on stock gains, silver can cost you more, maybe 22% or 24%, depending on your adjusted gross income.

If you're in the top brackets, the 28% cap is technically a discount versus 35% or 37% — but it's still higher than the 20% max long-term capital gains rate on stocks.

That difference adds up quickly when you're talking five- or six-figure gains.

Learn more: How to avoid taxes when investing in silver

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.

(SI=F )

Go deeper with AlphaSpace 59.11 +1.06 (+1.82%) As of 11:30:09 AM EDT. Market Open.

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