Silver All-Time High
As of August 8, 2026, the silver price is $63.55 per troy ounce, down 0.04% over the past 24 hours. The price is quoted in US dollars per troy ounce and updates continuously as COMEX futures and over-the-counter markets trade. That works out to $2.04 per gram and $2,043 per kilogram. Silver is trading 47.7% below its all-time high of $121.62 per troy ounce, set on January 29, 2026.
After 45 years, silver finally shattered its 1980 ceiling in October 2025, then went parabolic to a record near $121.62 per ounce in January 2026. Here is every silver record and what drove it.
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$63.54 to $63.58Bid / Ask
$63.55All-Time High
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How far is silver from its all-time high?
As of August 8, 2026, silver is trading 47.7% below its all-time high of $121.62 per troy ounce, set on January 29, 2026. From the current price of $63.55, silver needs a +91.4% move to set a new record.
Current Price
$63.55
as of Aug 8, 2026
All-Time High
$121.62
Jan 29, 2026
Below Record
47.7%
needs +91.4% to a new record
Days Since Record
191
since Jan 29, 2026
When did silver last hit an all-time high?
Silver last set an all-time high on January 29, 2026, 191 days before the latest price update on this page. The table below lists every record before it.
Every Silver All-Time High
Silver's record stood unbroken for 45 years before the 2025 to 2026 run. Each peak and the force behind it.
All-Time High
~$121.62
January 29, 2026 (spot/LBMA basis; COMEX futures intraday near $121.7)
| Date | Record High (USD/oz) | What Drove It |
|---|---|---|
| Jan 18, 1980 | ~$49.95 | The Hunt Brothers' attempt to corner the physical silver market drove a speculative spike to roughly $50 before COMEX margin and position limits collapsed it. |
| Apr 28, 2011 | ~$49.51 | QE-era dollar fears and the European debt crisis pushed silver to within cents of the 1980 record before a margin-hike flash crash, but it never broke through. |
| Oct 2025 | ~$53.55 | Silver cleared $50 on October 9 for the first time since 1980, breaking its 45-year-old record, and pushed to about $53.55 by October 14 on a fifth straight year of structural supply deficit plus safe-haven demand. |
| Jan 29, 2026Record | ~$121.62 | A parabolic short squeeze and COMEX inventory tightness, layered on explosive solar and AI data-center demand and a weak dollar, drove silver to its all-time high. |
The January 1980 Hunt peak of about $49.95 equals roughly $194 per ounce in 2026 dollars, so despite the new nominal record, silver at about $121.62 remains below its inflation-adjusted 1980 high. The 2026 surge did exceed the inflation-adjusted 2011 peak. Record prices are nominal USD and approximate.
Journalists and researchers are welcome to cite these figures with a link to this page. Annual and weekly aggregates of the underlying price history are free to download from the MetalCharts data library; if you need daily or real-time data programmatically, see pricing.
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Silver All-Time High: The $50 Barrier Finally Falls
For more than four decades, silver's all-time high was a near-mythical number: roughly $50 per ounce, set on January 18, 1980 during the Hunt Brothers' attempt to corner the global silver market. Silver came within cents of that level again in April 2011, reaching about $49.51 intraday before reversing, but the record held. That changed in late 2025. Silver's all-time high is now approximately $121.62 per ounce, set on January 29, 2026.
The 1980 peak was driven by Nelson Bunker Hunt and William Herbert Hunt, who accumulated an estimated 100 to 200 million ounces and cornered roughly half the world's deliverable supply. When COMEX imposed liquidation-only trading rules and raised margins, the squeeze collapsed and silver fell from $50 to under $11 in just over two months. The 2011 near-retest was different in character, fueled by quantitative easing, a weak dollar, and surging investment demand, yet the $50 level once again proved to be powerful resistance.
The barrier finally broke on October 9, 2025, when silver cleared $50 for the first time since 1980 and pushed to about $53.55 by October 14. The breakout was built on a fifth consecutive year of structural physical supply deficit, as stagnant mine output failed to keep pace with demand, combined with safe-haven flows during US-China trade tensions.
From there the move turned parabolic. A short squeeze and acute COMEX inventory tightness, layered on explosive industrial demand from solar photovoltaics and AI data-center build-out, a weak dollar, and gold's parallel record run, drove silver to about $121.62 on January 29, 2026. The metal then corrected sharply, roughly halving from its January peak through the first half of 2026 after a more hawkish Federal Reserve revived rate-hike expectations.
One important caveat: despite the new nominal record, silver remains below its inflation-adjusted 1980 high. The Hunt-era peak of about $49.95 equals roughly $194 per ounce in 2026 dollars, so the 2026 record, while historic in nominal terms, did not reclaim the real-terms high. It did, however, comfortably exceed the inflation-adjusted 2011 peak. Check the live chart above for the current price and the gap to the record.
Data provided by MetalCharts, a free precious metals tracking platform offering real-time prices, interactive charts, historical data, and portfolio tools for gold, silver, platinum, palladium, and copper. Prices sourced from major global exchanges including COMEX, LBMA, and LME, updated continuously during market hours.
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