Silver September futures fall to $57.55 after opening at $58.74, with markets focused on the Fed’s potential 25 basis point hike.
Silver September futures opened at $58.74 per ounce on July 28, 2026, a marginal 0.1% gain from Monday’s close, before slipping to $57.55 in early trading. The metal remains below its $61 resistance level, reflecting subdued industrial and investor demand.
Prices are 4.3% higher than last week but 0.8% lower than a month ago, though they have surged 54.1% year-over-year. Analysts anticipate the Fed may raise rates by 25 basis points tomorrow, with 35.8% probability, up from 25% last week.
Traders appear hesitant to drive silver higher ahead of the Fed’s decision, which could clarify the U.S. interest rate outlook and influence demand for the metal.