Silver price today, Thursday, October 22, 2026: Silver prices are gaining some short-term steam - Yahoo Finance

AI desk brief

Silver December futures opened at $58.09/oz on Thursday, up 0.7% from Wednesday and above last Thursday’s $55.80 open, though prices had already slipped to $56.12 by 6:54 a.m. ET. The piece flags a supportive macro backdrop: oil remains elevated on Middle East conflict, while the market assigns an 87.3% probability the Fed leaves rates unchanged next week, which is constructive for non-yielding precious metals.

On a relative basis, silver is still up 2.2% versus a week ago and 21.3% year over year, but remains 11.2% below the level a month ago. The article frames the near-term trade as a tug-of-war between early-session selling pressure and rate-cut/hold expectations that could keep silver supported.