Silver extended gains on Friday, climbing around 5% to reach $82 per ounce, as investors welcomed news that the Strait of Hormuz will remain fully open to commercial shipping during the 10-day ceasefire between Israel and Lebanon. However, vessels are required to transit through a “coordinated route,” according to Iran’s maritime authorities, Iran’s foreign minister said. The announcement triggered a sharp drop in oil prices which fell more than 10%, helping to ease inflationary pressures, at least in the short term. Despite the improved sentiment, the broader situation remains fragile. US President Trump stated that the US naval blockade “will remain in full force” until a comprehensive agreement is reached. Silver is now on track to end the week 3.6% higher, marking a fourth consecutive weekly gain and is nearly 30% above its March low, supported by expectations that a more lasting US–Iran agreement could reduce inflation risks and limit the need for central bank tightening.

Silver rose to 80.76 USD/t.oz on April 17, 2026, up 2.99% from the previous day. Over the past month, Silver's price has risen 7.19%, and is up 146.68% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Silver reached an all time high of 121.64 in January of 2026. Silver - data, forecasts, historical chart - was last updated on April 18 of 2026.

Silver rose to 80.76 USD/t.oz on April 17, 2026, up 2.99% from the previous day. Over the past month, Silver's price has risen 7.19%, and is up 146.68% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Silver is expected to trade at 83.95 USD/t. oz by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 97.71 in 12 months time.



Price Day Month Year Date
Gold 4,833.56 45.04 0.94% 0.29% 40.74% Apr/17
Silver 80.76 2.347 2.99% 7.19% 146.68% Apr/17
Copper 6.10 0.0370 0.61% 9.89% 32.62% Apr/17
Steel 3,097.00 -6.00 -0.19% -1.28% 2.45% Apr/17
Lithium 169,500.00 2000 1.19% 9.00% 137.23% Apr/17
Platinum 2,141.70 29.50 1.40% 4.14% 123.40% Apr/17
Iron Ore 106.85 -0.26 -0.24% 1.24% 6.94% Apr/17


Silver
Silver is a widely traded precious metal with both industrial and investment applications. It is used extensively in electronics, solar panels, and medical technologies, while also serving as a store of value and portfolio diversification tool. As a result, silver prices are influenced by both industrial demand and investor sentiment. Silver futures and options are traded on major exchanges such as the COMEX, where they are used by mining companies, manufacturers, and investors to manage price risk. Standard futures contracts typically represent 5,000 troy ounces. On the supply side, Mexico, Peru, and China are the largest producers globally, followed by Australia, Chile, Bolivia, the United States, Poland, and Russia. Silver prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
80.76 78.41 121.64 3.53 1975 - 2026 USD/t. oz Daily

News Stream
Silver is up by 5.01%
Silver increased 5.01% to 82.338 USD/t.oz
2026-04-17
Silver Prices Rise About 5%
Silver extended gains on Friday, climbing around 5% to reach $82 per ounce, as investors welcomed news that the Strait of Hormuz will remain fully open to commercial shipping during the 10-day ceasefire between Israel and Lebanon. However, vessels are required to transit through a “coordinated route,” according to Iran’s maritime authorities, Iran’s foreign minister said. The announcement triggered a sharp drop in oil prices which fell more than 10%, helping to ease inflationary pressures, at least in the short term. Despite the improved sentiment, the broader situation remains fragile. US President Trump stated that the US naval blockade “will remain in full force” until a comprehensive agreement is reached. Silver is now on track to end the week 3.6% higher, marking a fourth consecutive weekly gain and is nearly 30% above its March low, supported by expectations that a more lasting US–Iran agreement could reduce inflation risks and limit the need for central bank tightening.
2026-04-17
Silver Set for Fourth Weekly Gain
Silver held steady near $79 an ounce on Friday and was on track for a fourth consecutive weekly advance, as prospects for a permanent ceasefire agreement between the US and Iran helped ease concerns over inflation and central bank rate hikes. President Donald Trump said Tehran had agreed to terms including abandoning ambitions for a nuclear weapon, supplying “free oil,” and reopening the Strait of Hormuz, although Iranian officials have yet to verify these claims. Despite this, the Strait of Hormuz remains effectively closed under a dual blockade, while IMF Executive Director Fatih Birol cautioned that restoring a meaningful portion of disrupted oil and gas output could take up to two years. Even so, oil prices have retreated sharply amid growing optimism over a potential Iran deal, easing inflationary pressures and dampening expectations of further rate hikes. Silver is set to rise by about 4% this week and was nearly 30% above its March low.
2026-04-17