Silver July futures open at $57.60, down 0.8%, as Fed rate hike fears weigh on precious metals before PCE release.
Silver July futures opened at $57.60 per ounce on June 25, 2026, marking a 0.8% decline from Wednesday’s close of $58.09. Prices dipped further to $57.23 in early trading, the lowest level since December 2025, as investors brace for the Federal Reserve’s preferred inflation gauge, the PCE index, due later today.
The drop extends a broader decline, with silver futures down 13.1% over the past week and 24.2% over the past month. Year-over-year, prices remain up 59.6%, though growth has slowed sharply from a 173.3% surge recorded on May 14, 2026. The pullback follows a period of heightened volatility tied to Middle East tensions, which have since eased.
Precious metals are under pressure amid expectations of further Fed rate hikes, as higher interest rates reduce the appeal of non-yielding assets like silver and gold.