Silver prices rebound to $87 per ounce, hitting a recent high

GweiWatcher · 2026-03-07T02:10:32+00:00

The precious metals market shows signs of an upward trend, with spot silver prices breaking through $87 per ounce, a 2.87% increase, and New York silver futures contracts rising by 5.66%. The market is optimistic about precious metals, influenced by a weakening dollar and rising safe-haven demand.

GweiWatcher

2026-03-07 02:10:32

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The precious metals market is signaling an upward trend. Spot silver prices have broken through the $87 per ounce level for the first time since early February. According to Jin10 data, the daily increase in silver prices reached 2.87%.

Meanwhile, silver futures contracts on the New York Mercantile Exchange also rose, reaching $87 per ounce, with a more significant increase of 5.66%. This rally driven by both spot and futures markets reflects market optimism toward precious metals.

A weakening dollar and global risk asset reassessment typically boost the appeal of white metals. Increased demand for safe-haven assets further supports the upward momentum in silver prices.

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