Silver prices today, Thursday, August 6, 2026: Silver opens at highest price since June

Silver opened sharply higher at $62.20 per ounce on Thursday, August 6, 2026, its highest opening since June, before easing back to around $61.73-$61.52 intraday. The article frames the move as part of a broader precious-metals rally driven by geopolitical risk and softer U.S. labor data. Negotiations in the Middle East to partially reopen the Strait of Hormuz are supporting safe-haven demand, while weaker ADP July hiring figures add to expectations of slower growth. Despite the pullback from the opening print, silver remains well above recent levels, up 8.6% from a week ago and 64.7% year over year, highlighting strong momentum and elevated volatility in the metal.