Gold and silver prices today, Wednesday, May 6: Gold and silver prices up significantly this morning
Key takeaways
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- This is the first time all week gold has moved out of the $4,500 range.
- President Trump’s “Project Freedom” is already on pause, but that looks like a positive step in the right direction after it sparked an immediate conflict earlier in the week.
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Gold and silver prices today, Wednesday, May 6: Gold and silver prices up significantly this morning Tim Manni · Lead Editor Wed, May 6, 2026 at 5:44 PM GMT+7 7 min read Gold (GC=F) June futures opened at $4,569.30 this morning, but the price of gold rose to $4,711.90 as of 6:17 a.m. ET. This is the first time all week gold has moved out of the $4,500 range. Silver July (SI=F) futures opened at $73.30 per ounce on Wednesday, yet rose to $77.80 as of 6:17 a.m. ET. The price of silver hasn’t been above $77 since April 22.
Last week at this time, our headline explained that gold and silver prices were “tanking ahead of the Fed meeting.” This morning, gold and silver prices are on the rise following the latest signs that peace talks with Iran might finally be moving forward.