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Silver hovers above $58 as markets price higher rate risks
Silver September futures opened at $57.92 an ounce and dipped 0.2% from Thursday’s close, with the CME FedWatch hold odds falling to 64.2% from 87.2% last week.
Silver prices stayed above $58 on Friday, July 24, 2026, after markets shifted toward higher rate risk, according to Yahoo Finance. Silver September futures opened at $57.92 per ounce, down 0.2% from Thursday’s close.
By 8:28 a.m. ET, silver traded as high as $58.87, after a pullback earlier in the week. Yahoo Finance also linked Thursday’s decline to strength in the U.S. dollar, alongside ongoing inflation risk.
CME FedWatch showed the consensus for the next week’s rate decision remained a hold, but the probability fell to 64.2% from 87.2% the prior week, helped by a better-than-expected initial jobless claims report on Thursday. The article added that because silver does not pay interest, investors often favor yield-bearing assets when rates rise, which can cap silver demand and limit upside potential.
The piece also reviewed how silver is taxed in the United States, noting the IRS treats physical precious metals as collectibles for tax purposes. It said profits are taxed as ordinary income if held one year or less, while holding longer changes the capital gain treatment.
Latest closeSilver $57.84 ▼3.6%