Silver September futures opened at $68.09 an ounce on Thursday, up 0.1% from Wednesday's close, and climbed to $68.99 in early trading after a Personal Consumption Expenditures inflation reading matched forecasts. Traders are now watching Fed Chair Kevin Warsh's first speech as leader of the Federal Reserve, due Friday at the Jackson Hole summit, for signs of where interest rates head next.
Silver opened at $68.09 an ounce on Thursday, August 27, 2026, up 0.1% from Wednesday's closing price. Prices then climbed to $68.99 by 8:17 a.m. ET. The metal has held in the $68 range again this morning following Wednesday's inflation report.
PCE report leaves the Fed divided
The Personal Consumption Expenditures report, the Fed's preferred inflation gauge, showed price growth on both a monthly and yearly basis, largely in line with analysts' expectations. But the in-line print did little to settle the disagreement inside the Federal Reserve over what happens to interest rates next month.
As a result, silver investors are now focused on Fed Chair Kevin Warsh's first official speech as leader of the Federal Reserve, set for Friday at the Fed's Jackson Hole summit. Observers hope the speech offers clues on whether the Fed will raise or hold rates steady in September.
Silver's longer trend stays sharply higher
Zooming out, Thursday's opening price marks a 1.9% gain from a week earlier, a 16.5% gain from a month earlier, and a 76% gain from a year earlier. For context, silver's year-over-year growth was 173.3% on May 14.
By 8:54:27 a.m. ET, with markets open, silver traded at $68.765, down 0.08% on the day. The metal's near-term path now hinges on Warsh's Jackson Hole remarks.
Source: Yahoo Finance
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