As of October 29, 2025, the silver price in the United States is approximately $47.70 per ounce, marking a modest increase of about 0.85% from the previous day. This rise comes as investors anticipate the Federal Reserve’s upcoming policy decision, with expectations of a 25 basis point rate cut. Silver has experienced a strong performance over the year, up over 40% compared to the same time last year, driven by industrial demand particularly in electronics, renewable energy, and medical devices. Despite recent volatility and profit-taking following a record-setting rally, silver remains a favored asset for both industrial use and investment portfolios. The ongoing US government shutdown and upcoming trade developments also weigh on market sentiment, adding to price fluctuations. This blog offers a detailed snapshot of today’s silver price, market influences, and what investors should watch going forward.
This update will help investors, traders, and enthusiasts make informed decisions about silver in the current US market environment.