Silver (SI=F) July futures opened at just $72.65 per ounce on Thursday, down 3% compared to Wednesday’s closing price of $74.89. The silver price rose this morning, reaching $73.20 as of 7:04 a.m. ET.
Reports of fresh attacks by the U.S. military in and around the Strait of Hormuz have the world watching. The U.S. reported it launched defensive attacks against multiple Iranian drones headed for a ship in the strait and hit a drone-launching site near the strait.
Control over the Strait of Hormuz remains a central point of contention between the U.S. and Iran. Investors continue to hang on to any signs of progress, such as an Iranian report yesterday saying that a new draft of a proposal aimed at reopening the strait was in the works. However, these latest attacks and the president’s comments that “nobody’s going to control [the strait]” have all investors moving cautiously once again this morning.
Current price of silver
The opening price of silver futures on Thursday was down 3% compared to Wednesday’s closing figure. Here’s how the opening silver price has changed versus last week, month, and year:
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One week ago: -3.1%
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One month ago: -0.8%
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One year ago: +119.2%
For context, silver’s year-over-year growth was 173.3% on May 14.
24/7 silver price tracking: Don’t forget you can monitor the current price of silver on Yahoo Finance 24 hours a day, seven days a week.
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Looking for a gold alternative? How to invest in silver, platinum, and palladium.
Precious metals are in high demand. Although gold has historically been the headlining investment metal, silver, platinum, and palladium are quickly becoming popular portfolio diversifiers. Here are three easy, action-oriented steps to help you start investing in these precious metals:
1. Learn the risks, growth drivers, and purposes
2. Understand the ownership options
3. Define your goal and allocation
Keep reading to learn more: How to invest in silver, platinum, and palladium
Price of silver chart
Whether you’re tracking the price of silver since last month or last year, the price-of-silver chart below shows the precious metal’s value journey so far this year.
More silver coverage from the Yahoo Finance team: