Silver futures edged higher Thursday morning, holding near $69 an ounce after an inflation report the day before did little to settle debate inside the Federal Reserve about what comes next on interest rates.
Silver September futures opened at $68.09 per ounce on Thursday, August 27, 2026, up 0.1% from Wednesday's closing price, according to Yahoo Finance. Prices reached $68.99 as of 8:17 a.m. ET.
Over the past year, silver has climbed 76%. One month ago, the price was 16.5% lower. At its peak this year, silver's year-over-year growth reached 173.3% on May 14.
The Wednesday inflation report covered the Personal Consumption Expenditures index, which is the Federal Reserve's preferred gauge of price growth. The PCE showed price increases on both a monthly and yearly basis, largely in line with analyst expectations. Despite meeting those expectations, the report did not resolve the division within the Fed over whether to raise or hold interest rates at its September meeting.
Silver investors, like many in financial markets, are now focused on Friday's speech by Fed Chair Kevin Warsh at the Fed's annual Jackson Hole summit in Wyoming. It will be Warsh's first official address as Fed chair, and observers are hoping for concrete signals about the September rate decision. Higher interest rates tend to pressure precious metals prices by raising the opportunity cost of holding assets that pay no yield.
Silver has drawn increased attention this year as investors look beyond gold for portfolio diversification. Toys, hobbies and industrial demand have all contributed to the metal's rise, though market watchers note that volatility remains a defining feature of silver's price history.
