Silver prices today, Monday, August 3, 2026: Silver prices open higher thanks to paused airstrikes

Silver futures opened higher on Monday, August 3, 2026, after the U.S. paused planned airstrikes on Iran for a second weekend, easing some immediate geopolitical risk. September silver futures (SI=F) started at $58.65 per ounce, up 1.5% from Friday’s close, before slipping to $58.03 by 8:23 a.m. ET. The article frames the move as a risk-on response to de-escalation, though it notes the threat of elevated energy prices remains because the Strait of Hormuz is still effectively closed to shipping. The piece also provides context on silver’s strong longer-term performance, including a 61.4% year-over-year gain and a 173.3% year-over-year rise at one point on May 14, while discussing ways beginners can invest in silver through physical bullion or silver ETFs.