Silver Holds Near $69 as Precious Metals Benefit from a Weaker Dollar

August 24, 2026 — Silver prices remained near $69 per ounce on Monday, as the precious metal continued to benefit from a weaker U.S. dollar and strong investor interest in precious metals.
Spot silver was trading around $68.98–$69.01 per ounce during Monday’s session. The metal has gained strongly over the past month, rising by roughly 18%, while its year-on-year gain has approached 79%.

The recent strength in silver comes as the U.S. dollar trades near multi-month lows, making dollar-denominated commodities more attractive to international investors. Gold was also trading higher on Monday, with investors closely watching upcoming U.S. inflation data and Federal Reserve signals for clues about future interest-rate policy.

Silver’s dual role as both an industrial metal and a precious metal continues to support demand, particularly from sectors such as solar energy, electronics and other high-tech industries.

Market focus: Investors are now watching the Federal Reserve’s upcoming signals and U.S. economic data, which could have a significant impact on the dollar, gold and silver prices.