Silver prices move lower

What happened: Silver prices have been trending lower since early June 2026. On July 10, 2026, silver futures (SI=F) opened at $60.41, down 0.5% from the previous day, continuing a decline that began in June. Prices have dropped significantly from their January 2026 peak of over $115 per ounce, driven by a slowdown in demand for silver in AI data centers.

Market impact: The decline in silver prices affects companies involved in silver mining and production, such as Pan American Silver Corp. and First Majestic Silver Corp. These companies may face reduced revenue and profit margins due to lower silver prices. Additionally, investors in silver ETFs like iShares Silver Trust (SLV) and Sprott Physical Silver Trust (PSLV) have seen their holdings' value decrease.

What to watch next: Investors should monitor the upcoming release of the U.S. Consumer Price Index (CPI) on August 10, 2026, for signs of inflation, which could influence silver prices. Additionally, the progress of AI data center build-outs and their demand for silver will be crucial to watch, as any acceleration or slowdown in this sector could drive silver prices. Lastly, the next earnings reports from major silver mining companies, such as Newmont Corporation (expected on August 15, 2026), will provide insights into the impact of lower silver prices on their operations.