Silver closed the Tuesday, 6 October 2026 session at $61.317 per troy ounce, up 0.69% on the session. Over one year the price is up 26.47%, between a low of $45.513 on 28 October 2025 and a high of $121.647 on 29 January 2026.
Last session: 6 October 2026, bid price, source Dukascopy. This page shows a dated close and statistics computed over one year of sessions, not a real-time quote.
To tie these numbers to your own trading: the lesson on the ATR, where to place a stop loss and how to calculate a position size.
Daily close (line), range between each session's high and low (band), high and low of the year (dots), last close (dashed). Bid prices in dollars, from 6 October 2025 to 6 October 2026.
Out of the 261 sessions of the year, 55.6% closed above their open.
A session's range is the distance between its high and its low. Over the last 20 sessions, silver covered on average $2.252, or 3.52% of its opening price; $2.713 (4.28%) over 90 sessions and $3.941 (5.40%) over one year. It is the same idea as the ATR, computed here on the daily candle without smoothing opening gaps.
What it changes for a stop, as a worked example and not a recommendation: a stop placed at half the average range of the last 90 sessions is worth $1.36. On a standard lot of 5,000 troy ounces, as defined in the instrument sheet at RoboMarkets, that stop represents $6,783 of risk; on the minimum size of 0.01 lot (50 troy ounces), $67.83. To risk only $100 with that stop, the position cannot exceed 74 troy ounces, or 0.015 lot.
The full reasoning, with the percentage of capital and the reward-to-risk ratio, is in calculating position size and where to place your stop loss.
The three most active hours are highlighted, the three quietest greyed out. Tallest bar: 1.208%.
Average range of each UTC hour, as a percentage of the hour's opening price, over 1,514 hourly candles from 7 July 2026 to 6 October 2026. The three most active hours are 12:00, 13:00 and 14:00 UTC, that is 13:00, 14:00 and 15:00 in London and 8:00, 9:00 and 10:00 in New York. The three quietest: 4:00, 20:00 and 23:00 UTC, that is 5:00, 21:00 and 0:00 in London and 0:00, 16:00 and 19:00 in New York.
No candle exists at 21:00 UTC: that is the feed's daily break, not a quiet hour.
Reading by session: Asia (0:00 to 7:00 UTC) gives an average hourly range of 0.765%, London (7:00 to 12:00 UTC) 0.645%, and New York (12:00 to 21:00 UTC), which overlaps the end of London and the release of US data, 0.830%.
| Day | Average range | Up sessions | Sessions |
|---|---|---|---|
| Monday | 4.99% | 66.0% | 53 |
| Tuesday | 5.26% | 47.2% | 53 |
| Wednesday | 5.09% | 57.7% | 52 |
| Thursday | 5.68% | 48.1% | 52 |
| Friday | 6.03% | 58.8% | 51 |
Over the 261 sessions of the year, average range and share of up sessions, day by day. Friday was the widest day, Monday the one that most often closed higher. This is an observation on one year of data, not a rule: next year can reverse the order.
Change from the open of the first day to the close of the last day of each month. Best month: December 2025 (+25.53%). Worst month: June 2026 (-22.73%).
Several forces recur in the reference documents, none of them sufficient on its own. Nothing here is a forecast or advice.
Industrial demand carries real weight. According to the Silver Institute supply and demand page, total silver demand fell 3% in 2024 to 1.16 billion ounces, yet industrial demand hit a record, driven by electronics and electrical uses, photovoltaics, automotive and grid infrastructure.
The same institute expects, in its press release of 10 February 2026, a sixth consecutive year of market deficit (total supply less demand) and industrial fabrication down about 2%, to around 650 million ounces.
Silver and gold are read together. The gold:silver ratio, the number of ounces of silver one ounce of gold buys, fell below 50 in January 2026 according to the same release, a level the Silver Institute had not recorded since 2012.
Real interest rates matter for a metal that pays no income. Chicago Fed Letter No. 464, published by the Federal Reserve Bank of Chicago, estimates that a one-point rise in the long-term real rate lowers the real gold price by about 13%.
The dollar, finally: silver is quoted in dollars, and the link between the dollar and commodities no longer runs one way. A Bank for International Settlements working paper (2023) shows that since the United States became a net commodity exporter, higher commodity prices tend to strengthen the dollar rather than weaken it.
The physical market's reference price, the LBMA Silver Price, is set once a day in an auction administered by ICE Benchmark Administration that starts at 12:00 noon London time (LBMA). The reference futures contract, listed on COMEX, covers 5,000 troy ounces (CFTC, Commitments of Traders report).
Tradoshi's backtesting module, in beta, replays a market candle by candle without showing what comes next, spread, slippage and commissions included, and it is included from the Pro plan. It is the most direct way to check whether a stop rule based on range holds over the past year. To understand the method first: what is backtesting and backtesting stocks, forex and futures.
The journal does the other half of the work: it measures your own trades on XAG/USD, their real R against the stop you placed and the hours when you win or lose, on your executed orders rather than on averages. Every statistic is defined in the glossary.
$61.317 per troy ounce at the close of the 6 October 2026 session, Dukascopy bid price, up 0.69% versus the previous close. This page does not show a real-time quote: it shows the last dated close and statistics computed over one year.
On average $2.713 between a session's high and low over the last 90 sessions, or 4.28% of the opening price; $3.941 (5.40%) over one year.
On the hourly candles from 7 July 2026 to 6 October 2026, the widest UTC hours were 12:00, 13:00 and 14:00, that is 13:00, 14:00 and 15:00 in London and 8:00, 9:00 and 10:00 in New York. The quietest: 4:00, 20:00 and 23:00 UTC.
At RoboMarkets, a standard lot of XAG/USD is 5,000 troy ounces and the minimum size is 0.01 lot, or 50 troy ounces; your platform may define other sizes. With a $1.36 stop, a standard lot commits $6,783 of risk.
From Dukascopy historical candles, bid price, UTC sessions Monday to Friday. The calculation dates from 7 October 2026 and the last session taken into account is 6 October 2026; the figures are recomputed at each rebuild of the site.