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Silver (SI=F) September futures opened at $64.63 per ounce on Friday, August 14, 2026, down 0.6% from Thursday's closing price. Silver prices moved higher this morning, hitting $65.14 as of 8:03 a.m. ET.
Silver prices opened lower this morning but rose back above $65 in early trading, as soft inflation reports earlier this week have many lowering their expectations of a rate increase in September
According to the most recent figures in the CME Group's FedWatch tool, there is a 69.4% chance the Fed will hold rates steady in September. Yet, 30.6% of economists still expect a 25-basis-point increase next month.
Compare those FedWatch percentages to one month ago, and the change in expectation is substantial. Last month, 42% expected the Fed to keep rates unchanged in September, 50% expected a 25-basis-point increase, and 8% thought the Fed would raise rates by 50 basis points.
Silver prices are holding firm thanks to the rising 'no-hike' majority because precious metals, like silver, do not pay interest.
Learn more: July PPI inflation cools to 4.7%: What it means for the Fed and interest rates
The opening price of silver futures on Friday, August 14, 2026, was 0.6% lower compared to Thursday's closing price. Here's how today's opening silver price has changed versus last week, month, and year:
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%).
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.
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