Silver Prices Drop Below $64 as Fed Decision Day Approaches
On Tuesday, September 15, 2026, the price of silver dropped below $64 per ounce amid anticipation for the Federal Reserve's upcoming rate-setting decision. Silver futures opened at $63.76 and fell further to $63.60 by midday ET as traders braced for a likely interest rate hike expected after the Fed’s two-day meeting concludes on Wednesday. The CME Group's FedWatch tool indicates a 92.5% probability of a rate increase, up from 86.5% just one day earlier. The decline in silver prices reflects growing investor caution ahead of key monetary policy decisions that could influence market sentiment and precious metal demand. Over the past week, silver has fallen by more than 3%, while over the last year it remains significantly higher at +51.1%. Analysts from BlackRock and J.P. Morgan have predicted continued strength in silver prices, with some forecasts suggesting a rise to $80 per ounce by end of 2026 or even $100 by 2030. Silver's price volatility is expected to persist due to industrial demand fluctuations and investor behavior influenced by geopolitical tensions. Increased interest in physical forms like silver coins may also drive short-term demand, particularly among new investors.
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Topics: fed_rate_decisions market_reaction silver