Silver Price Hits $64.75 Amid Industrial Demand and Inflation Concerns

The current price of silver as of Thursday, August 13, 2026 is $64.75 per ounce, representing a $1.65 fall from yesterday and a more than $26 increase compared to last year.

Silver's appeal lies in its stability and ability to hedge against inflation, making it a 'store of value' that preserves purchasing power when prices rise.

However, silver's price swings are more pronounced than gold's due to its industrial applications, which can drive demand and volatility in the market.