Silver Prices Rise Over 18% Month-Over-Month Amid Geopolitical Tensions and Supply Deficits
On Monday, August 24, 2026, silver prices opened at $69.34 per ounce but dipped slightly to around $69.29 in the morning session. Despite this minor decline, silver has gained over 18% month-over-month and more than 77% year-to-date. The recent surge is attributed to a combination of monetary policy shifts by U.S. Treasury actions, geopolitical tensions with Iran affecting energy prices, and persistent global inflation. A key driver behind the rise in precious metals includes an unexpected doubling of the long-term bond buyback program by the U.S. Treasury to $4 billion per session, which has triggered speculative buying across markets. Additionally, silver's outperformance is linked to a physical supply deficit and growing industrial demand from sectors like AI infrastructure and electrical grid modernization. Investors have multiple avenues for exposure to silver, including direct ownership of bullion or coins, as well as ETFs that either hold the metal directly or invest in mining companies. Silver ETFs offer liquidity without storage concerns but may carry different tax implications.
Topics: geopolitical tensions gold inflation silver Treasury policy