Silver (SI=F) September futures opened at $68.20 per ounce on Friday, August 21, 2026, up 0.1% from Thursday’s closing price.
The silver price moved higher this morning, reaching $69.49 as of 9 a.m
ET. The opening silver price was up nearly 5% since last week as traders reacted to a record high in U.S. debt and the Treasury’s unexpected announcement to increase long-term bond repurchases. The news contributed to a decline in the U.S. dollar.
A weaker dollar supports higher silver prices by lowering the cost for foreign buyers. Silver, like gold, can function as a safe-haven asset for investors, but its supply and demand dynamics differ. Most silver is mined as a byproduct of other metals, so producers don’t necessarily change their output to fit demand.