Silver Prices Update – June 5, 2026

On Friday, June 5, 2026, silver futures for the July contract opened at $74.18 per ounce, marking a slight increase of 0.3% from Thursday’s opening. However, by 9:36 a.m. ET, the price had dipped to $71.21.

Today, silver prices are on the decline, mirroring a drop in gold prices. This follows the release of the May jobs report, alongside news that Hezbollah has turned down a ceasefire agreement with Israel and Lebanon.

The opening price for silver this Friday was fairly consistent with Monday’s, suggesting, well, that silver is maintaining a sort of stability. This is interesting, especially given the regular negative headlines and its reputation for volatility compared to gold.

In terms of employment statistics, numbers actually exceeded expectations, with an increase of 172,000 jobs noted.

Current Silver Price

The opening price for silver futures today showed a 0.3% increase compared to the previous day’s opening. Here’s a look at how silver’s opening price has fluctuated over the last week, month, and year:

• 1 week ago: -1.8%
• 1 month ago: +2.1%
• 1 year ago: +110.1%

To provide some context, silver’s year-over-year growth rate was recorded at 173.3% on May 14.

If you’re interested in monitoring the price of silver, there are options available to keep track of it all day long.

Investing in Silver – Tax Considerations

Regarding taxes, yes, you will need to pay them on silver. Since silver is classified as a capital asset, any gain from selling it for more than your original purchase price must be reported, impacting your federal return.

There’s a common misconception that holding silver for over a year will subject you to the same long-term capital gains rates as stocks. Unfortunately, that’s not the case.

The 28% Tax Trap

The IRS categorizes physical precious metals, including bars and coins, as collectibles, which changes how taxes are calculated dramatically.

Short-Term Gains

If you sell silver within a year of buying it, any gains will be taxed as ordinary income, which can be as high as 37%, depending on your tax bracket.

Long-Term Gains

If you hold onto your silver for longer than a year, the maximum tax rate on those gains is capped at 28%.

Here’s how it breaks down in real-world terms:

• If you find yourself in the 10%, 12%, 22%, or 24% tax brackets, your silver gains will follow that same rate.
• But, if you’re in the 32%, 35%, or 37% range, your gains will only cap at 28%.

For someone in the middle-income brackets used to paying around 15% on stock gains, the rate for silver could be a bit higher. If you’re in a lower bracket, that 28% might even feel like a relative discount compared to what you’d pay for stocks.

When profits grow into five or six figures, the differences in tax treatment become even more pronounced.

For more insights, consider looking into ways to manage tax liabilities when investing in silver.

Silver Price Chart

For those who’ve been keeping an eye on silver over the past month or year, the chart below illustrates how the value of this precious metal has trended throughout the year.

Check back regularly for more updates on silver coverage.