September silver futures open at $57.97, failing to sustain gains above $60 despite the Fed holding rates steady.
Silver September futures (SI=F) opened at $57.97 per ounce on July 30, 2026, down 0.2% from Wednesday’s close. Prices briefly climbed to $58.24 before retreating, remaining below the $60 benchmark for the 22nd consecutive session.
The metal has struggled to reclaim $60 since July 8, pressured by Middle East tensions, expectations of future rate hikes, and weakening industrial demand. Year-over-year, silver is up 51.9%, though growth has slowed from a 173.3% peak in mid-May.
Market sentiment remains cautious as traders weigh Fed policy signals and geopolitical risks against tepid near-term demand forecasts.