Silver Prices Decline Ahead of Key Inflation Data Release
On Thursday, September 10, 2026, silver prices opened lower at $67.94 per ounce in December futures trading, down 1% from the previous day's close. Early morning trades saw a further drop to $66.62 as investors awaited key inflation data including today’s Producer Price Index (PPI) and tomorrow’s Consumer Price Index (CPI). These reports will provide final insights into recent inflation trends ahead of the Federal Reserve’s two-day rate-setting meeting starting on Tuesday. Despite the decline, silver's opening price was its strongest this week. Year-to-date growth remains strong at 65.2%, with a peak year-over-year increase reaching 173.3% earlier in May. Market participants are closely watching for potential Fed interest rate hikes, as there is currently a 62.2% probability of an increase next week, which could further dampen silver price momentum. The precious metal has seen significant gains over the past year but faces short-term uncertainty due to macroeconomic factors and central bank policy expectations.
Topics: fed_meeting inflation_data silver