Silver (SI=F) December futures opened at $54.48 per ounce on Wednesday, October 28, 2026, down 0.1% from Tuesday’s open. Silver prices are trading lower this morning, reaching $53.78 as of 7:09 a.m. ET.
Fed meeting live updates: Federal Reserve weighs elevated inflation, midterm elections as October meeting kicks off
Silver opened at its highest price since Friday but has opened in the $54 range for the past four days leading up to today’s Fed rate decision.
Despite Brent crude futures prices remaining above $110 a barrel this morning, the Fed seems set to keep rates stable, at least following this October meeting. In December, the chances are ramping up that the Fed will raise rates once again to battle rising costs for American consumers.
According to the CME Group’s FedWatch tool, the chances for a rate increase following the December meeting currently sit at nearly 80%.
Current price of silver
Silver futures opened down 0.1% on Wednesday, October 28, 2026, compared to Tuesday’s open. Here’s how today’s opening silver price has changed versus last week, month, and year:
One week ago: -4.8%
One month ago: -11.2%
One year ago: +17.6%
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 in the silver industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria.
Silver vs. gold: Which made investors more money over the years?
Over the past 50 years, gold outperformed silver, delivering higher long-term returns. Since the 1970s, silver and gold prices have dramatically increased, but their roles in the economy and their long-term performance are very different.
Governments and investors view gold as a store of value, and central banks hold large gold reserves to protect their economies against global inflation or geopolitical crises. It’s also widely used to produce jewelry.
Silver is much more abundant in supply than gold, but it also has more uses. Silver plays a significant role in manufacturing and industrial production; companies use silver to make solar panels, electronics, and medical devices. The industrial demand can affect silver’s prices, causing more drastic changes.
Read more: Gold vs. silver: Which had higher returns over 50 years?
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.
54.26 -0.25 (-0.46%)
As of 8:45:10 AM EDT. Market Open.
More silver coverage from the Yahoo Finance team: