Silver’s front-month future closed at $57.14 on Friday, down 5.8% on the week and 11.1% on the month. Silver is 18.5% lower this year, but still 7.8% higher than a year ago.
The decline looks steep from the peak. Our data show a record close of $115.08 on 26 January 2026, so silver is now about half of that level. Its 52-week range runs from $45.85 to $121.30, which means Friday’s price is about 25% above the low.
The ratio
The gold/silver ratio, which shows how many ounces of silver buy one ounce of gold, rose to about 73.3. Its average over the past year is about 66.4, so the ratio is roughly 10% above normal for the period. A higher ratio means silver has fallen more than gold.
Silver is both a precious and an industrial metal, so it usually moves more than gold in both directions. Investing.com’s technical note on Friday described silver as pinched below resistance near $57.19, which is a statement about chart levels rather than a prediction.
Follow the ratio on our markets page, where we chart it against up to ten years of history.