Silver’s price of silver hit $66.38 per ounce at 8:40 a.m. Eastern Time on June 22, 2026. The metal was up $1.99 from the previous day, keeping a benchmark that investors use to track demand and trading conditions near its highest level in a decade.
That move matters because silver is not just a store of value. It is also used in electronics and medical devices, so the spot price reflects both savings demand and industrial pull. Buyers who take delivery usually pay above spot because of markups, shipping fees, and insurance.
Fortune and the daily benchmark
Silver had gained more than $30 over the past year as of June 22, 2026, and it was more than 150% higher over that span. Fortune publishes a daily price of silver post each weekday that data is available, giving investors a fresh benchmark for whether demand is tightening or easing. A higher spot price signals stronger demand, while a narrower bid-ask spread points to a healthier market for silver trading.
One way to read that change is through the math behind the starting point: a gain of more than $30 on a $66.38 price implies a base in the mid-$30s a year earlier. For investors choosing between physical silver and silver exchange-traded funds, that gap matters because the ETF route follows the metal’s price without the storage and delivery costs tied to bullion and coins.
Silver versus S&P 500
Silver has declined around 96% against the S&P 500 since 1921, a reminder that the metal’s appeal as a preservation asset has not translated into the kind of long-run return stocks have delivered. Still, silver is often treated as comparatively safe during inflation, which helps explain why demand can stay firm even when its long-term performance trails equities.
The tradeoff is volatility. Gold tends to be less volatile overall than silver, platinum, and palladium, and silver’s industrial use makes it more exposed to shifts in electronics and medical-device demand. If that demand stays strong, the current price suggests buyers are still willing to pay up for immediate supply rather than wait for a pullback.
As of June 22 outlook
As of June 22, silver was priced higher than any time in the previous decade. The unresolved question is whether the latest $1.99 daily rise came from tighter industrial demand, stronger inflation hedging, or both; the price tells traders the market is already leaning toward scarce supply, not complacency.
