Silver opened below $60 per ounce again on Tuesday, June 30, continuing a stretch of weakness that has pulled prices down sharply from where they stood just a month ago.
Silver September futures opened at $58.77 per ounce, up 0.2 percent from Monday's closing price, according to Yahoo Finance. By 8:19 a.m. ET, the price had climbed slightly to $59.37 per ounce. Still, opening below $60 has become a pattern. Except over the last week, silver prices had not opened near $58 since December 2025.
The one-month drop tells a sharper story. Silver's opening price on Tuesday was down 22.2 percent compared to one month ago. Over the past week, it is down 5.1 percent. Year over year, however, silver is still up 63.7 percent. For context, silver's year-over-year growth was 173.3 percent as recently as May 14.
Silver faces several of the same near-term headwinds as gold, including higher bond yields, a firmer dollar, and expectations that interest rates will remain higher for longer. But silver tends to be even more volatile than gold due to fluctuating industrial demand and the fact that global central banks do not hold silver reserves the way they support gold prices.
Seasoned silver investors generally keep three principles in mind: invest for the long term, diversify, and expect price fluctuations.
Despite the recent pullback, longer-range forecasts from major financial institutions remain bullish. Experts with BlackRock and J.P. Morgan agree that the outlook for silver remains strong and that its price will increase. By the end of 2026, those experts predict silver's price will surpass $80 per ounce. Some forecasts project silver could reach $100 per ounce by 2030.
Analysts also point to ongoing conflict in the Middle East as a factor pushing investors toward precious metals. Historically, economic uncertainty and supply chain disruptions have driven demand for assets like silver. Because buying an ounce of gold is prohibitively expensive for new investors, silver coins or bars represent a more accessible entry point, which could support increased demand going forward.
Silver forecasts do vary widely among experts, however. Some predict the price will hold steady or grow modestly, while others see the potential for dramatic spikes. Forecasts from any institution can change at any time.
