Updated: May 13, 2026, 9:00 AM EDT. Source: CBS News.
Current price
The spot price of silver is $86.48 per ounce as of May 13, 2026, according to Priority Gold. This figure represents the raw market (spot) price before any dealer mark-ups, premiums, or associated fees that can raise the amount you actually pay.
Recent performance and context
Silver has risen sharply over the past year. In January 2025 the metal traded near $31 per ounce; at $86.48 today, silver has more than doubled — a roughly 179% increase from that level. That rise has been driven by a mix of macroeconomic factors (inflation concerns and interest-rate dynamics), investor demand for precious metals as a hedge, and strong industrial demand for silver in electronics, solar and other technologies.
Why investors are paying attention
– Inflation hedge and diversification: Like gold, silver can act as a protection against inflation and as a portfolio diversifier for investors overweight in stocks, bonds, or real estate.
– Potential upside: Rapid price appreciation over the past year has made silver attractive to those seeking gains from the metals complex.
– Industrial demand: Unlike gold, silver has sizable industrial uses that can support demand even when investor appetite ebbs.
Risks and things to consider
– Volatility: Silver is generally more volatile than gold. Prices can swing quickly, so timing purchases or expecting a steady rise can be risky.
– Dealer premiums and costs: The spot price quoted above does not include dealer mark-ups, shipping, storage or insurance. Those costs can materially increase what you pay per ounce.
– Allocation guidance: Many advisers recommend keeping precious metals as a modest portion of an overall portfolio — commonly suggested at about 10% or less — to avoid crowding out other asset classes.
Actionable steps
If you’re considering silver: 1) Decide whether you want physical metal (coins, bars) or exposure via ETFs or mining stocks; 2) Compare dealer premiums and reputations; 3) Factor in storage and insurance if holding physical silver; 4) Talk with a financial advisor to determine the right allocation for your goals and risk tolerance.
Bottom line
As of May 13, 2026, silver’s spot price sits at $86.48 per ounce, well above its level in early 2025. The metal can offer inflation protection and portfolio diversification, but it comes with higher volatility and purchase-related costs. Consider silver as a targeted, limited exposure within a diversified portfolio and consult a professional before making material investments.