As of May 29, 2026 at 9:35 AM EDT, the live Silver spot price for 1 ounce of Silver in U.S. dollars (USD) is $77.55, 1 gram of Silver is $2.49 and 1 kilogram of Silver is $2,493.31. Silver spot price can fluctuate by the second, driven by investment supply and demand, and other factors.
Silver Spot Prices
Silver Spot Prices | Silver Price | Change |
Silver Price Per Ounce | $77.55 | -$7.78 |
Silver Price Per Gram | $2.49 | -$0.25 |
Silver Price Per Kilo | $2,493.31 | -$250.10 |
Live Metal Spot Prices (24 Hours) Last Updated: 05/29/2026 at 9:05 AM EDT
Current Silver Price May 29, 2026: Market Snapshot
The current Silver spot price May 29, 2026 sits at $77.55 per ounce, with silver trading sharply lower after one of the most volatile stretches the precious metals market has seen this year. The contract carries a previous close of $85.33 and opened the session at $84.00, before sliding through the day’s range of $76.09 to $84.38. That intraday swing of more than eight dollars underscores just how unsettled sentiment has become around the white metal.
Despite the recent pullback, the longer view remains striking. The Silver price May 29, 2026 USD per ounce still reflects a roughly 137% gain over the past 52 weeks, with the metal having traded in a wide annual band between $32.24 and $121.79. In other words, even after the latest correction, silver remains dramatically higher than it was a year ago — a reminder that the Silver price rally 2026 May precious metals market narrative is far from over, even if the path has turned choppier.
Silver Spot Price Per Ounce May 29, 2026: Technical Picture
For traders watching the Silver spot price per ounce May 29, 2026, the technical backdrop tells a story of conflict. Short-term momentum indicators are flashing caution: the hourly and five-hour technical signals are reading Strong Sell, while the 30-minute and daily timeframes have flattened to Neutral. Step back to the higher timeframes, however, and the picture brightens considerably — the weekly signal reads Buy and the monthly signal remains a Strong Buy.
This split between bearish near-term momentum and constructive longer-term structure is exactly the kind of trend conflict that tends to keep silver range-bound. Recent market commentary has described silver as effectively trapped within a tight band, caught between sellers defending overhead resistance and buyers stepping in near support around the mid-$70s. With the metal currently consolidating near the lower end of its recent range, the current Silver price May 29 2026 is hovering right at the zone where this tug-of-war is being decided.
Key technical reference points to watch include immediate support near the $75–$76 demand zone, which has repeatedly attracted buying interest, and resistance clustered in the high $70s. A decisive close back above the mid-$80s would be needed to reassert the broader uptrend, while a sustained break beneath the mid-$70s support could open the door to deeper downside.
Silver Price Drivers May 2026
Several forces are shaping the Silver price drivers May 2026 discussion:
Profit-taking after an extraordinary run. With silver up triple digits over the trailing year, the recent sharp sell-off has the hallmarks of a momentum unwind. After a parabolic advance toward the triple-digit zone earlier in the cycle, the failure to hold those highs has triggered aggressive repositioning — a healthy, if painful, reset rather than necessarily a trend reversal.
Rising real yields. Higher U.S. Treasury yields are pressuring precious metals broadly. With the U.S. 10-year yield climbing and the 30-year pushing past 5%, the rising opportunity cost of holding non-yielding assets like silver has weighed on bullion sentiment across the board, dragging gold lower alongside silver.
Gold’s lead. Silver continues to take cues from gold, which has also slipped on the same real-yield pressure. The gold-silver ratio remains a closely watched gauge, and analysts note that ratio compression has kept ambitious longer-term silver targets in play even through the current weakness.
Mining and supply-side developments. On the corporate side, the precious metals space saw notable activity today. Fredonia Mining Inc. (TSXV: FRED), a gold-silver exploration company advancing its El Dorado-Monserrat project in Argentina’s Deseado Massif, announced the appointment of veteran mining executive Constantine Karayannopoulos to its board of directors, expanding the board to six members. Karayannopoulos, co-founder of Neo Performance Materials, brings more than 30 years of leadership across mining, minerals processing, and critical materials. Developments like these speak to continued investment and confidence in gold-silver development assets, even as spot prices consolidate.
Silver Price May 29 2026 Current: What It Means for Investors
The Silver price May 29 2026 current reading captures a market in transition. The near-term technicals lean bearish and the metal is digesting one of its steepest single-session declines in recent memory, yet the weekly and monthly trends remain firmly constructive. For long-term holders, the Silver spot price May 29 2026 still represents a substantial premium to where the metal stood a year ago.
The takeaway: silver remains a high-conviction but high-volatility play. Investors tracking the current Silver spot price May 29 2026 should watch the mid-$70s support zone closely — it is the line that will likely determine whether this is a routine correction within an ongoing bull market or the start of a deeper consolidation. As always, spot prices move by the second, and intraday swings of several dollars have become the norm rather than the exception in this cycle.
