Staff Answer
May 18, 2026 - 06:23 AM
The spot price of silver at 9:00 AM ET on Monday, May 18, 2026, is $77.75 per ounce, climbing +0.78% compared to Friday morning's fix of $77.15. On a larger scale, the industrial metal sits at $2,499.71 per kilogram.
Silver is attempting a vital stabilization play following a brutal 7% plunge at the end of last week. That sudden selloff was triggered by a combination of a surging U.S. dollar and an unexpected demand shock out of India, where the government recently doubled its import tariffs on silver and gold from 7.5% to 15%. Today's slight upward correction signals that investors are refocusing on silver's tight fundamental data. The Silver Institute continues to point to a structural multi-year supply deficit, fueled heavily by explosive photovoltaic (solar) manufacturing and infrastructure needs for green energy and AI data centers.
