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Comex Silver Rises 1.6% to Highest Close in More Than a Week
Silver futures posted a strong advance on Thursday, with the most active contract rising 1.60% to its highest settlement price in over a week. The move marked the second consecutive day of gains for the precious metal, signaling positive short-term momentum.
Thursday's Trading Details
The front-month Comex silver contract for August delivery closed the session at $58.815 per troy ounce, an increase of 92.80 cents from the previous day, according to market data. This represented the largest one-day dollar and percentage gain for the contract since Wednesday, July 22, 2026.
Thursday's rally extended a winning streak to two sessions. Over the past two days, silver prices have climbed a total of $1.519, or 2.65%. Despite the recent strength, the metal is still down 1.11% month-to-date.
AdLonger-Term Perspective
While the recent gains are notable, silver remains significantly below its recent peaks. The current price is 48.89% below its 52-week high of $115.08, which was reached on January 26, 2026, and also stands as the metal's record settlement value.
However, the precious metal has shown considerable recovery from its lows. Compared to its 52-week low of $36.552 set on July 31, 2025, Thursday's closing price is 60.91% higher. On a year-over-year basis, prices have also risen by the same percentage.
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