Silver price today is about $60.70 per troy ounce after a sharp Friday rebound, with the metal up $1.64, or roughly 2.8 percent, on the day, according to Kitco. Spot silver traded between $59.08 and $61.30 in that session, and gold gained as the US dollar slipped and Treasury yields eased.
Global markets are closed for the weekend, so the silver price today reflects Friday’s close. According to SD Bullion, trading resumes on Sunday at 6:00 PM ET.
Silver Price Today: Latest Rates
| Measure | Latest level | Source |
|---|---|---|
| Spot silver, per ounce | $60.70 (up $1.64) | Kitco, Oct 9 close |
| Spot silver, per gram | $1.95 | Kitco |
| Day range | $59.08 to $61.30 | Kitco |
| MCX silver futures (Dec), per kg | about ₹2,25,850 (up about 2.1%) | 5paisa, Oct 10 |
On the Multi Commodity Exchange in India, the December silver contract was around ₹2,25,850 per kilogram on October 10, up about 2.09 percent, according to 5paisa. The Economic Times showed a similar level of ₹2,25,820 per kilogram, up 2.07 percent.
What Moved the Silver Price This Week
The dollar and US interest rates drove the move. Gold and silver rose in early Asian trading on Friday as the dollar dropped to about 102 and Treasury yields eased, FXEmpire reported. Gold gained more than 0.9 percent to around $4,175 an ounce.
Earlier in the week, a weak US jobs report cut the odds of an October Fed rate hike. SMM said the implied probability fell from about 70 percent to below 25 percent, which helped silver rebound to a weekly high of $61.34. Even so, the market still prices an 82 percent chance of a Fed hike in December, so the gains are fragile.
The 10-year US Treasury yield drifted from 5.35 percent to about 5.23 percent this week, and FXEmpire noted that silver needs that relief to continue. Silver pays no yield, so higher rates raise the cost of holding it.
Silver Price Today Against the Bigger Picture
Silver is still well below its peak. Kitco lists the all-time high at $121.67 an ounce, set on January 29, 2026. Trading Economics data show that as of October 8 silver was down 11.66 percent over the past month, though still 20.46 percent higher than a year ago. Kitco puts the gold-silver ratio at 69.1, meaning an ounce of gold buys about 69 ounces of silver.
The wider energy backdrop matters too, because oil and inflation expectations feed into Fed policy. For the latest on crude, see our daily oil price today report.
Silver Price Levels to Watch
- Support: analysts point to $60 as near-term support, with a demand zone extending down toward $55, per FXEmpire.
- Resistance: Kagels Trading said a daily close above $62.45 would open the way to $65.505, while a close below $61.21 would put $56.705 and the 2026 low near $55 in focus.
- Next catalysts: Fed commentary, US inflation data and Treasury yields. FinanceFeeds has flagged the October 28 FOMC meeting.
Silver Price in India Today
Indian retail silver rates vary by city and by retailer, and published per-gram quotes differ widely, from roughly ₹189 to ₹240. Treat the MCX futures price as a benchmark and confirm the local rate with your jeweller or city bullion association before buying. Local prices usually include import duty, GST and making charges.
Silver Price Outlook
The near-term path depends on the dollar and bond yields rather than on industrial demand. If yields keep slipping, silver could test resistance near $62 to $65. If rate-hike fears return, a break below $60 would put the $55 area back in view.
This article is for information only and is not investment advice. Prices change quickly and may differ across platforms.
