Silver Price Today: Silver Holds Near $68 as $70 Resistance Stays in Focus
Silver is trading around $68 per ounce on August 26, 2026, holding onto most of its recent gains despite renewed pressure from U.S. inflation data and higher Treasury yields.
At 9:34 a.m. New York time, Kitco quoted spot silver at $68.20 per ounce, with an intraday range between $67.79 and $69.86. Earlier in the session, silver briefly moved closer to $70 before giving back part of the advance.
Silver price today compared with recent levels
Silver has been volatile during the past week, but the broader move remains positive. The metal surged above $66 on August 19 before pushing toward $70 several times.
| Date | Silver price | Market context |
|---|---|---|
| August 26, 2026 | ~$68.20 | Holding below $70 after PCE inflation |
| August 25, 2026 | $68.73 | Profit-taking after recent rally |
| August 24, 2026 | $69.72 | Silver tests the $70 area |
| August 21, 2026 | $68.99 | Rally continues |
| August 19, 2026 | $66.94 | Strong 5.7% daily advance |
Historical closing prices are based on XAG/USD data, while the August 26 figure is the latest verified spot quote at the time of writing.
Silver is also still holding a roughly 17% monthly gain, according to market data published Wednesday morning.
For investors looking beyond the daily price movement, our silver investing guide explains the different ways to gain exposure to the metal.
Why silver is struggling to break $70
The biggest short-term obstacle is monetary policy.
July U.S. PCE inflation rose 0.2% month over month and 3.7% year over year. The annual number came in slightly above expectations, keeping the possibility of another Federal Reserve rate increase alive. Treasury yields moved higher after the release.
That matters for silver because the metal pays no interest. Higher bond yields make interest-bearing assets relatively more attractive and can also support the U.S. dollar.
Silver nevertheless remains close to $70. FXEmpire noted on August 26 that the metal has tested the area several times without managing a convincing breakout, with $69.74 acting as an important short-term ceiling.
Silver has recovered sharply from its August lows
Silver was trading below $63 as recently as August 19 before climbing rapidly back toward $70. It closed at $66.94 on August 19 and reached $69.72 by August 24.
That rebound follows an even larger correction earlier in 2026. Silver briefly reached triple-digit prices during the January spike before falling sharply during the following months.
Our updated silver price forecast for 2026 looks at the major analyst targets and the scenarios that could push silver back toward $100.
Why the long-term silver story remains bullish
Silver also has substantial industrial demand. The metal is used in solar panels, electronics, electric vehicles and increasingly in infrastructure supporting AI data centres. At the same time, the global silver market has experienced several consecutive years in which demand exceeded supply.
That combination is what separates silver from gold. Gold is primarily a monetary and defensive asset, while silver reacts to both investment demand and the industrial cycle.
Investors deciding between the two can see our full gold vs silver comparison or track their relative valuation using the gold-to-silver ratio.
What to watch next for the silver price
The immediate level to watch is $70 per ounce.
A sustained move above that area would strengthen the recent recovery and put higher levels back into focus. Another rejection could keep silver trading in the upper $60s or trigger renewed profit-taking.
The next major macro event is Fed Chair Kevin Warsh’s speech at the Jackson Hole symposium on Friday. Markets will be looking for clues about whether persistent inflation is enough to justify another rate increase.
For silver investors, that creates an unusual setup. The short-term monetary environment remains challenging, but the metal is still trading near two-month highs and holding most of a strong August rally.
