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Silver stays elevated after breakout, up 18.2% month over month
Silver September futures opened at $69.34 per ounce on Monday, after an unexpected doubling of a U.S. Treasury long-term bond buyback program to $4 billion per session helped drive short-covering and speculative buying.
Silver prices held near the $69 level on Monday, August 24, 2026, with September futures opening at $69.34 per ounce and trading slightly lower at $69.29 as of 8:40 a.m. ET, according to Yahoo Finance.
The outlet said silver is rising alongside gold, powered by a mix of monetary policy interventions, persistent global inflation, and escalating geopolitical friction in the Middle East.
A key late-August catalyst was the U.S. Treasury’s unexpected decision to double its long-term bond buyback program to $4 billion per session, which Yahoo Finance linked to aggressive short-covering and speculative buying in precious metals.
Yahoo Finance also pointed to supply and demand factors, citing an acute physical silver supply deficit and ongoing industrial demand from areas including AI data center infrastructure, electrical grid modernization, and advanced electronics.
Latest closeGold $4,432.00 ▲1.6%|Silver $64.83 ▼0.1%