September silver futures climb on weaker U.S. consumer data, reducing expectations for near-term Fed rate hikes.
Silver September futures rose to $65.32 per ounce in early trading on August 17, 2026, up slightly from an opening price of $65.06. The metal gained 0.4% in morning trade, extending a 17.1% monthly rally.
The move follows softer U.S. economic data, including weaker retail sales and consumer sentiment, which lowered expectations for Federal Reserve rate increases. Silver’s appeal as a hedge has grown amid the shifting monetary policy outlook.
Industrial demand remains uncertain, with J.P.Morgan Global Research noting potential declines in imports from China and India, as well as reduced silver usage in solar-panel production due to new technologies.