Silver Prices Soar to $66.23 per Ounce Amid Global Economic Volatility
The price of silver has risen to $66.23 per ounce as of August 12, 2026, according to market data. This represents a gain of 0.35% and an increase of $0.23 from the previous close of $66.00.
Over the past year, silver prices have surged by 75.64%, with the metal trading at $37.71 per ounce on August 12, 2025. In comparison to its 52-week high of $117.39, silver is currently trading at 43.58% below this level.
Looking at historical price movements, silver traded at $59.45 per ounce a week ago and $59.25 per ounce a month ago. This means prices are up 11.41% since then and 11.77% over the past month, respectively.
Silver prices are influenced by various factors, including inflation expectations, central bank policy, global economic conditions, and investor demand. Currency strength, particularly the U.S. dollar, as well as physical and industrial demand, can also impact daily prices.