The silver spot price on Wednesday, February 18, 2026 is $78.27 per troy ounce. U.S. markets are back open today after yesterday's Presidents' Day closure, and silver opened higher than the weekend session near $76. The bounce puts silver back in line with Friday's close of $78.06, suggesting the holiday dip was thin-market noise rather than a genuine shift in sentiment.
Live Silver Spot
USD per troy ounce • source: Gold-API.com
Updated just now. Refreshes every 60 seconds.
Silver Spot Price February 18, 2026 — Per Ounce, Gram, and Kilo
| Silver Spot Prices | Price | Change | Change % |
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| Silver Price Per Ounce | Loading… | — | — |
| Silver Price Per Gram | Loading… | — | — |
| Silver Price Per Kilo | Loading… | — | — |
Live Metal Spot Prices (24 Hours) • Source: Gold-API.com • Refreshes every 60 seconds
Silver continues to trade in a consolidation range between $76 and $85, now entering its third week of sideways action since the sharp selloff from the January 29 all-time high of $121.67. Today's opening above $78 is a modest positive signal after the holiday weekend softness.
What Moved Silver Prices This Week
Three factors are shaping silver's price action coming into Wednesday:
Presidents' Day holiday liquidity gap. Monday's closure thinned the market and silver drifted to ~$76 in offshore trading. Today's reopening brought U.S. institutional buyers back, pushing prices to $78.27 — essentially erasing the holiday dip.
Fed minutes due today. The Federal Reserve releases minutes from its January meeting this afternoon. Markets are pricing in roughly 60 basis points of easing by year-end. A hawkish tone could pressure silver, while any dovish language about the pace of rate cuts would support precious metals. This is the biggest potential mover of the day.
Physical demand remains firm. Reports from major dealers indicate continued strong demand for physical silver products. The structural supply deficit — now in its sixth consecutive year — keeps providing a floor. Industrial buyers from the solar and EV sectors are hedging forward purchases at these levels, suggesting manufacturers view the $76-$80 range as attractive for locking in supply.
Silver Price Context — February 2026
| Date | Silver Price Per Ounce |
|---|---|
| January 29, 2026 (all-time high) | $121.67 |
| February 11, 2026 | $84.72 |
| February 13, 2026 | $78.90 |
| February 14, 2026 (Friday close) | $78.06 |
| February 16-17, 2026 (holiday weekend) | ~$76.00 |
| February 18, 2026 (today open) | $78.27 |
| Current | See live table above |
Even at $78, silver is up over 170% from where it started 2025 at roughly $29 per ounce. The pullback from $121 represents a correction within a larger bull market, not a trend reversal — at least according to most Wall Street forecasts.
What to Watch This Week
The key events that could move silver prices over the rest of this week include the Federal Reserve meeting minutes releasing today (Wednesday), housing starts data on Thursday, and the S&P Global flash PMI reading on Friday. A dovish tone from the Fed minutes would likely support silver, while stronger-than-expected economic data could push the dollar higher and pressure precious metals. Any developments in U.S.-China trade policy remain a wildcard for commodity markets.
For a full breakdown of where analysts think silver is headed, forecasts from JPMorgan, Goldman Sachs, and Bank of America, and the best ways to invest, see our complete Silver Price 2026 Guide.
Written by
Sarah Kim
Collectibles market analyst covering precious metals, coins, and alternative investments.
