Silver (SI=F) September futures opened at $57.92 per ounce on Friday, July 24, 2026, down 0.2% from Thursday’s closing price.
The silver price moved higher this morning, reaching $58.87 as of 8:28 a.m
ET. After pulling back Thursday, silver rebounded slightly Friday morning. Strength in the U.S. dollar (DX-Y.NB) contributed to Thursday’s decline and inflation risk continues to limit any recovery for silver prices.
According to CME FedWatch, the consensus for next week’s rate decision is a hold — but the probability has declined to 64.2% from 87.2% last week. A better-than-expected initial jobless claims report on Thursday contributed to the sentiment change. Since silver does not pay interest, investors tend to shift into yield-bearing assets when interest rates rise.