Spot silver — cash metal for immediate delivery — broke above $90 an ounce for the first time on Wednesday, putting silver-price-linked stocks on watch ahead of the U.S. open.
iShares Silver Trust shares jumped roughly 3.2% to $71.94 in Friday morning trading in New York, moving higher as silver prices strengthened. Other silver-related names saw gains as well—Global X Silver Miners ETF added around 1.5%, while First Majestic Silver climbed approximately 4.7%.
Shares of iShares Silver Trust, a silver-backed exchange-traded fund that trades like a stock, jumped 4.7% to $68.81 in early New York dealing. The fund’s intraday range ran from $67.61 to $69.68.
Shares of iShares Silver Trust, a popular proxy for the metal, fell about 6% on Wednesday, tracking a sharp drop in silver prices on the final trading day of 2025.