Silver Price Surges to $70.62 Amid Industrial Demand and Inflation Concerns

The price of silver has reached $70.62 per ounce as of August 28, 2026, marking a significant increase from last year's price of $39.04. This represents an impressive gain of over $31 in just the past year.

Historically, silver has underperformed the S&P 500 by roughly 96%, but its value lies in preserving purchasing power during times of inflation. Silver is particularly sensitive to industrial uses, which may drive demand and push prices higher.

Investors can choose from various ways to invest in silver, including buying physical bullion or coins, investing in ETFs, or even mining stocks. While some analysts predict continued strength for silver, financial advisors recommend limiting precious metals exposure to around 20% of a portfolio.