📝 Executive Summary
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure. Silver (SI=F) December futures opened at $67.63 per ounce on Friday, September 4, 2026, down 0.1% from Thursday's closing price. Silver prices were steady this morning, reaching $67.45 as of 6:59 a.m. ET. Silver prices opened at their highest level this week ahead of the August jobs report, and following comments from a Fed governor who said he's willing to hold rates steady later this month. Economists expect the U.S. added 55,000 jobs last month, a rebound from a decline in job growth in July. Data released earlier this week suggests the labor market remains in a holding pattern of minimal yet stable job growth. Earlier this week, Fed Governor Chris Waller said he's open to holding rates steady if next week's inflation report shows price gains are easing. This certainly puts the spotlight squarely on today's jobs numbers and next week's inflation report. If the Fed holds rates steady later this month, silver prices could continue to rise. The opening price of silver futures on Friday, September 4, 2026, was 0.1% lower compared to Thursday's closing price. Here's how today's opening silver price has changed versus last week, month, and year: One week ago: -2.5% One month ago: +16.4% One year ago: +64.8% For context, silver's year-over-year growth was 173.3% on May 14. 24/7 silver price tracking: Don't forget you can monitor the current price of silver on Yahoo Finance 24 hours a day, seven days a week. Want to learn more about the current top-performing companies in the silver industry? Explore a list of the top-performing companies using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria. Do you have to pay taxes on silver? Yes. Silver is a capital asset, so when you sell it for more than you paid, the gain is taxable and reported on Schedule D of your federal return. Many investors assume holding silver for more than a year qualifies them for the same long-term capital gains rates as stocks (0%, 15% or 20%). Spoiler: It doesn't. The IRS classifies physical precious metals — including bars, rounds, and coins — as collectibles. That classification changes the tax math in a big way. If you hold silver for one year or less, your profit is taxed as ordinary income. Depending on your tax bracket, that could go as high as 37%. If you hold silver for more than one year, your gain is taxed at your ordinary income rate — but no more than 28%. Here's what that looks like in real life: If you're in the 10%, 12%, 22% or 24% bracket, your silver gain is taxed at that same rate. If you're in the 32%, 35% or 37% bracket, you're capped at 28%. So if you're a middle-income earner accustomed to paying 15% on stock gains, silver can cost you more, maybe 22% or 24%, depending on your adjusted gross income. If you're in the top brackets, the 28% cap is technically a discount versus 35% or 37% — but it's still higher than the 20% max long-term capital gains rate on stocks. That difference adds up quickly when you're talking five- or six-figure gains. Learn more: How to avoid taxes when investing in silver Whether you're tracking the price of silver since last month or last year, the price-of-silver chart below shows the precious metal's value journey so far this year. More silver coverage from the Yahoo Finance team: 5 ways to invest in silver for beginners Silver price volatility: What to know and how to invest in 2026 Silver vs. gold: Which metal made investors more money in the last 50 years? 3 predictions about silver prices in the next decade Why is silver outperforming gold? What to know before you invest. How to invest in silver in 5 steps How will silver's price change in 2026 and beyond? Learn what's driving silver's price increases and expert predictions. Interested in investing in silver? Understanding available investment options, the risks, and where to buy silver is key. Here's what you need to know. Silver prices have more than tripled over the past year despite their recent sell-off. Here’s what you should know about the metal before you invest. Silver's surge has delivered massive gains to investors — but the IRS treats it as a collectible, not a stock. Here's how taxes work and how to legally reduce what you owe. Gold and silver prices have been on a tear, with silver prices increasing by more than 100% year to date. Experts weigh in on what could be causing these record highs. Both gold and silver have surged over the past 50 years, but which precious metals delivered the higher returns? Here's how these investments compare.