Answer
Apr 28, 2026 - 06:21 AM
The silver spot price sits at $73.23 per ounce ($2,354.38 per kilo) as of 9 AM ET today, a 3.24% decline from yesterday morning’s $75.68. Silver is currently facing a "double whammy" of headwinds; it is being pulled down by the broader precious metals sell-off ahead of the Federal Reserve’s interest rate decision and a slight cooling in industrial demand projections. Despite a surge in photovoltaic (solar) manufacturing needs reported in the latest Silver Institute quarterly update, silver’s high beta relationship with gold means it is feeling the brunt of today’s dollar strength more acutely than its yellow counterpart.
