As of Sep 15, 2026, at 2:35 AM EDT, the live Silver spot price for 1 ounce of Silver in U.S. dollars (USD) is $64.16; 1 gram of Silver is $2.06, and 1 kilogram of Silver is $2,062.79. The silver spot price can fluctuate by the second, driven by investment supply and demand and other factors.
Silver Spot Prices
Silver Price | Price | Change |
Silver Price Per Ounce | $64.16 | −$1.03 |
Silver Price Per Gram | $2.06 | −$0.03 |
Silver Price Per Kilo | $2,062.79 | −$33.05 |
Live Metal Spot Prices (24 Hours) Last Updated: 09/14/2026 at 2:35 AM EDT
Silver Price Today at a Glance
The current Silver price Sep 15 2026 is $64.16 per troy ounce, down $1.03 or 1.58% from Friday’s close of $65.188. Silver opened the session at $64.22, swung between $62.815 and $64.983, and is holding just above the mid-point of that range into the U.S. afternoon. Volume has been heavy at roughly 40,140 contracts as traders reposition ahead of this week’s Federal Reserve decision.
Here is the full session snapshot for the Silver price Sep 15 2026 USD per ounce:
Metric | Reading |
Last price | $64.16 |
Daily change | −$1.028 (−1.58%) |
Open | $64.22 |
Previous close | $65.188 |
Day’s range | $62.815 – $64.983 |
52-week range | $41.480 – $121.785 |
Volume | 40,140 contracts |
Year-to-date return | −10.7% |
Put in context, the Silver spot price per ounce Sep 15 2026 sits roughly 47% below the $121.785 high printed over the past 52 weeks, but still about 55% above the $41.480 floor. That is the defining tension in silver right now: the metal has given back a large slice of its blow-off move, yet it remains far above where the cycle began.
Track the live chart on our Silver Spot Price page for intraday updates between daily reports.
What Changed Since the Last Session
Friday’s close at $65.188 marked the last stand of a multi-week consolidation. Monday’s session broke it. Silver’s slide to a $62.815 intraday low took the metal through short-term support, and even the recovery back above $64 has done little to repair the technical damage. On the week, silver is tracking toward a loss of roughly 4%.
For comparison, spot gold is trading near $4,291.59 per ounce, down about 0.15% on the day — a far shallower decline. That divergence pushes the gold-to-silver ratio back toward 68:1, the widest it has been in several weeks, and signals that capital is rotating toward the more defensive of the two metals. Our Gold Price Today – Sep 11, 2026 report covers the yellow metal’s own setup in detail, and you can compare both against industrial demand using the Copper Spot Price chart.
If you followed our Silver Price Today – Sep 15, 2026 update, the shift is clear: what was a range-bound market three sessions ago is now a confirmed short-term downtrend.
Silver Price Drivers Sep 15 2026
Four macro forces are doing almost all of the work behind the Silver price drivers Sep 15 2026. None of them are silver-specific — which is exactly why the move has been so broad and so fast.
1. A Fed rate hike is now the base case
Futures markets are pricing a 90–92% probability that the Federal Reserve raises rates by 25 basis points at the decision due this week. The FOMC began its two-day meeting on Monday. Silver pays no coupon and no dividend, so every upward repricing of expected short-term rates raises the opportunity cost of holding it. This is the single heaviest weight on the current silver spot price Sep 15 2026.
Hotter-than-expected August CPI is what cemented those expectations. Inflation that refuses to cool while the Fed is already leaning hawkish is a difficult combination for non-yielding assets — historically silver benefits from inflation only when real rates are falling, not when nominal rates are being pushed up faster than inflation itself.
2. The 10-year Treasury yield touched 5.00%
The U.S. 10-year yield hit 5.00% for the first time since 2023. That is a psychological threshold as much as a technical one. With a risk-free 5% available across the curve, the bar for holding a zero-yield metal rises sharply.
The move is global, not domestic. The German 10-year Bund yield reached 3.51%, its highest since 2009, and the Japanese 10-year sits at 3.00% with the Bank of Japan widely expected to lift its policy rate by 25 basis points to 1.25% at the end of the week. Silver is being repriced against a worldwide rise in the cost of money, not just an American one.
3. An oil shock is lifting inflation expectations, not safe-haven demand
Yemen’s Iran-aligned Houthis launched a fresh attack on Saudi Arabia on Monday, after Riyadh blamed Iran-backed fighters in Iraq for an attack on the kingdom’s east-west pipeline. Saudi Arabia has shut the pipeline, and the disruption could affect as much as 4% of global oil supply.
Crude has responded: WTI is at $102.68 per barrel, up 1.27%, with Brent at $106.96, up 1.21%. Under normal conditions a Middle East supply shock would be bullish for precious metals. This time the transmission channel runs the other way — higher oil is feeding inflation expectations, inflation expectations are feeding Fed hike bets, and hike bets are hitting silver. The geopolitical bid is being overwhelmed by the rates bid.
4. A firmer dollar
The Dollar Index is trading at 99.53–99.60, up around 0.05–0.12%. The move is modest, but silver is priced in dollars and quoted globally, so even a mild bid in the greenback makes the metal more expensive for non-U.S. buyers and trims physical demand at the margin.
Technical Picture: Where Silver Stands Today
Independent moving-average analysis published on Sep 15 ranked silver last among five major commodities — behind WTI crude, gold, copper and natural gas — on combined daily and weekly momentum signals.
Technical metric | Reading | Interpretation |
Daily signal | Strong Sell | Price below key moving averages |
Weekly signal | Neutral | Longer-term structure not yet broken |
RSI (1-day) | 44.2 | Below the 50 midline, not yet oversold |
ADX (1-day) | 21.3 | Weak trend strength |
YTD return | −10.7% | Underperforming most peer commodities |
Two details matter more than the headline “Strong Sell.”
First, the ADX reading of 21.3 is well below the 40 threshold that signals a strong directional trend. The selling is real, but it lacks conviction. That points to choppy, range-bound action rather than a clean, sustained breakdown — conditions that punish momentum strategies in both directions.
Second, the RSI at 44.2 is not oversold. There is room for silver to fall further before mean-reversion buyers are mechanically triggered. Traders watching the Silver price Sep 15 2026 current level should treat $62.815 — Monday’s low — as the first line of defense, with the $64.983 session high as the level bulls need to reclaim.
The split between the Strong Sell daily and Neutral weekly signal is the honest summary: this is a short-term downtrend inside a longer-term structure that has not yet given way.
Silver Price Rally 2026 Sep Precious Metals Market: Is It Over?
The Silver price rally 2026 Sep precious metals market narrative is being tested, not buried. Three things argue against writing it off.
Analyst forecasts are moving up, not down. OCBC raised its silver forecast to $69.70 by December 2026, citing improving investment participation and still-supportive structural demand — explicitly framing the current weakness as a macro headwind rather than a demand problem.
The 52-week floor is far below. Silver at $64.16 remains roughly 55% above the $41.480 low of the past year. A 10.7% year-to-date drawdown is uncomfortable, but it is a correction within a larger advance, not a collapse.
The bearish driver is cyclical, not structural. Rate-hike expectations are, by definition, a moving target. Should the Fed hike this week and signal that it is done, or should the oil disruption resolve and inflation expectations retreat, the largest single weight on silver lifts quickly. The industrial demand story — solar, electronics, electrification — is unaffected by this week’s macro repricing.
What would confirm the rally is over is a weekly close below the $62.815 area on rising ADX, which would flip the weekly signal from Neutral to bearish and open the lower half of the 52-week range.
What Silver Investors Should Watch Next
- The FOMC decision and dot plot. The hike itself is close to fully priced. The guidance is not. A hawkish hold-and-signal-more is the bearish scenario for silver; a “hike and pause” is the bullish one.
- The Bank of Japan meeting. A 25 bps move to 1.25% is expected. A larger move or hawkish forward guidance would add to global yield pressure.
- The Saudi east-west pipeline. Reopening would cool oil, cool inflation expectations, and indirectly relieve silver. Further escalation cuts both ways.
- The gold-to-silver ratio. A move back below 65:1 would signal that risk appetite is returning to the precious metals complex and that silver is outperforming again.
- Silver-leveraged equities. Miners typically amplify moves in the underlying metal in both directions. Our metal stocks and mining stocks coverage tracks the names most sensitive to the spot price, and our Company Spotlights go deeper on individual producers and developers.
Frequently Asked Questions
What is the current silver price today?
The current Silver price Sep 15 2026 is $64.16 per troy ounce, $2.06 per gram and $2,062.79 per kilogram as of 2:35 AM EDT. Silver is down $1.03, or 1.58%, from the previous close of $65.188.
What is the silver spot price per ounce on Sep 15 2026?
The Silver spot price per ounce Sep 15 2026 is $64.16 in U.S. dollars. The metal traded between $62.815 and $64.983 during the session on volume of about 40,140 contracts.
Why is the silver price falling today?
Silver is falling because markets are pricing a 90–92% chance of a Federal Reserve rate hike this week, the U.S. 10-year Treasury yield has touched 5.00% for the first time since 2023, and a Saudi pipeline disruption is pushing oil above $100 per barrel and lifting inflation expectations. Silver pays no yield, so rising rates raise the cost of holding it.
Is silver still in a rally in September 2026?
Silver is in a short-term downtrend within a longer-term uptrend. It is down 10.7% year to date and the daily technical signal is Strong Sell, but the weekly signal remains Neutral and the price is still roughly 55% above its 52-week low of $41.480. OCBC has raised its December 2026 silver forecast to $69.70.
What is the gold-to-silver ratio today?
With spot gold near $4,291.59 and spot silver near $63.03, the gold-to-silver ratio is approximately 68:1. A rising ratio indicates silver is underperforming gold, which is typical when investors rotate toward defensive assets.
How much is 1 kilogram of silver worth today?
One kilogram of silver is worth $2,062.79 at the Silver spot price Sep 15 2026 of $64.16 per troy ounce, down $33.05 on the day. One kilogram equals approximately 32.15 troy ounces.
Where can I track live silver prices?
Live spot prices, intraday charts and historical data are available on the Natural Resource Stocks metal charts section, including dedicated silver, gold and copper pages.
Silver’s decline on Sep 15, 2026 is a rates story, not a demand story. Until the Fed’s path is settled and the 10-year yield stabilizes below 5%, the Silver price Sep 15 2026 current level is likely to stay volatile inside the $62.80–$65.00 band. Follow our Daily Update feed for tomorrow’s report, or browse all posts at Natural Resource Stocks.
