Silver (SI=F) September futures opened at just $59.75 per ounce on Thursday, July 2, 2026, down 1.3% compared to Wednesday’s closing price.
The silver price is moving up slightly this morning, reaching $60.48 as of 8:03 a.m
ET. The Fed remains front and center in shaping current and future silver prices. The price of silver edged up over $60 this morning ahead of what is expected to be a solid June employment report.
Silver hasn’t opened above $60 since last Wednesday. Fed Chair Kevin Warsh spoke at the European Central Bank’s forum yesterday, saying that inflation expectations and risks have subsided some. Currently, there’s less than a 30% chance the Fed raises rates following its meeting at the end of July, according to the CME Group’s FedWatch tool.