Silver Prices Edge Lower Ahead of Fed Meeting on July 28, 2026
On Tuesday, July 28, 2026, silver prices edged lower ahead of the Federal Reserve's two-day meeting. Silver September futures opened at $58.74 per ounce but dropped to $57.55 by midday ET. The metal has been trading in a narrow range for much of the month due to weak industrial and investor demand. Despite recent declines, silver prices are still up 4.3% from last week and 54.1% compared to this time last year. Market participants remain cautious ahead of the Fed's rate decision expected on Wednesday. According to CME Group’s FedWatch tool, there is a 35.8% chance that the central bank will raise rates by 25 basis points. Long-term forecasts for silver vary widely among experts. Some predict prices could reach $100 per ounce by 2030 due to strong demand and economic uncertainty.
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Topics: commodities fed_meeting price_movement