Silver Spot Price Drops 2.48% to $62.89
Silver spot price closed at $62.89 per ounce, marking a 2.48% decline. The metal remains 49.09% above its level from a year ago.
Silver spot price fell to $62.89 per ounce on September 14, 2026. The decline represents a drop of $1.60 from the previous close of $64.49. This marks a 2.48% decrease in the daily trading session.
The current price stands 49.09% higher than the $42.19 recorded one year ago. However, the metal trades 46.42% below its 52-week high of $117.39. It remains 50.75% above the 52-week low of $41.72.
Recent Performance Metrics
Silver traded at $66.18 per ounce one week ago. Prices have since dropped by 4.97%. One month ago, the spot price stood at $64.69. The current level reflects a 2.78% decline from that monthly mark.
These figures are based on data reported by GN auto markets/commodities: silver prices. The source provides real-time market data for the XAG/USD pair. This ticker tracks the value of one troy ounce of silver in U.S. dollars.
Market Drivers and Factors
Inflation expectations and central bank policies influence daily price movements. Global economic conditions also play a significant role in valuation. Investor demand for physical and industrial silver contributes to market volatility.
The strength of the U.S. dollar directly impacts silver prices. A stronger dollar often exerts downward pressure on the metal. Supply and demand dynamics, along with geopolitical events, can cause rapid price changes.
Investment Access Points
Investors can access silver through physical coins or bars. Exchange-traded funds that track the spot price offer another route. Mining stocks provide a leveraged exposure to the underlying asset.
Retail prices for physical silver typically include premiums above the spot price. Storage costs and risk tolerance must be considered before purchasing. Spot prices serve as the benchmark for futures contracts and ETF valuations.
