Silver Prices Drop Ahead of CPI Report on September 11, 2026
On Friday, September 11, 2026, silver prices opened at $64.14 per ounce in December futures trading, down 1.2% from the previous day's close. The decline reflects a broader weakening trend as silver faces downward pressure ahead of the upcoming Consumer Price Index (CPI) report. Analysts are increasingly anticipating another Federal Reserve rate hike due to rising oil and gas prices, with expectations for higher rates climbing from 62.2% on Thursday to 69.4% by Friday according to CME Group's FedWatch tool. Silver has lost value over the past week (-3.6%) and month (-1.1%), though it remains significantly up compared to a year ago (+55.1%). The market is closely watching how inflation data will influence monetary policy, which could further impact silver prices in both the short- and long-term. The article also highlights tax implications for investors holding physical silver, noting that gains are taxed at ordinary income rates or capped at 28% if held longer than a year — higher than typical capital gains on stocks.
