Current price of silver as of Wednesday, Oct. 28, 2026 - Fortune

AI desk brief

Silver traded at $53.73/oz at 7 a.m. ET on Oct. 28, up 41 cents on the day and more than $6 over the past 12 months. The article says silver has surged more than 150% over the past year to its highest level in over a decade, citing tight supplies and robust demand from industrial users and investors as the main drivers.

It also frames silver as an inflation hedge and notes that its price is more volatile than gold because of industrial exposure, including solar equipment and healthcare devices. The piece is mostly an educational explainer rather than a fresh market note, but it reinforces the bullish backdrop for silver demand.