Comex Silver Price Rose to $60.73 per Ounce
Industrial users and precious metal buyers should track this volatility as silver recovers from its 52-week low.
Updated on Oct. 1, 2026 in Inflation
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Comex silver for October delivery settled at $60.725 per troy ounce following a 1.04% daily price increase. The commodity remains significantly off its record highs, trading 47.23% below its peak from earlier this year.
Why it matters
Operators relying on silver as an industrial input or hedging asset face a market still reeling from a 13.42% year-to-date decline. Understanding this volatility is critical for procurement managers adjusting their cost structures against mid-year lows.
Comex silver closed at $60.725, a 1.04% gain that leaves the price 32.01% above its 52-week low of $46.00. Despite the uptick, the metal is down 13.42% year-to-date and remains 47.23% below the record high set on January 26, 2026.
The details
The settlement price reflects the front-month contract on the Comex exchange. Businesses tracking this price should note that while the current figure marks an 8.64% increase from the 2026 settlement low, it still sits nearly half off the record peak established earlier this year. Operators should verify their internal commodity cost-modeling to determine how these daily swings impact supply chain expenditures.
Timeline
October 1, 2026: The front-month Comex silver contract settled at $60.725.
January 26, 2026: Silver reached its 52-week and all-time record high.
July 16, 2026: Silver touched its 2026 settlement low.
October 2, 2025: The market hit its 52-week low of $46.00.
Market Landscape
This price shift follows the pattern of volatility established by the extreme fluctuations seen throughout the 2026 silver market cycle. It highlights the continued divergence between current trading levels and the record highs seen early this year.
Procurement teams should re-evaluate hedging strategies if silver costs represent a significant percentage of input expenses. Monitor these contract settlement trends closely to decide if current price stabilization requires an update to your forward-looking inventory budgets.
The takeaway
Silver prices remain highly sensitive to front-month contract fluctuations after a period of intense historical volatility. Operators should track the gap between current settlement figures and the 52-week low of $46.00 to time their future supply purchases effectively.
Further reading
For broader trends affecting commodity costs, visit the Inflation section.
Source note: This article includes information reported by Morningstar.
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