Silver Slips Below $64 as Federal Reserve Rate Decision Nears

Silver (SI=F) December futures opened at $63.76 per ounce on Tuesday, September 15, 2026, down 0.6% from Monday’s close. Prices continued to weaken through the morning, falling to $63.60 as of 7:15 a.m. ET.

Silver lost ground early Tuesday as the Federal Reserve prepared to convene its two-day monetary policy meeting later in the day. Market expectations have sharpened considerably, with an overwhelming consensus now pointing to a rate increase when the committee wraps up its deliberations tomorrow afternoon.

According to the CME Group’s FedWatch tool, the probability of the Fed raising rates after tomorrow’s meeting stands at 92.5%, up from 86.5% on Tuesday and 69.4% on Friday.

Current Price of Silver

Silver futures opened 0.6% lower on Tuesday, September 15, 2026, compared with Monday’s closing price. Below is a breakdown of how today’s opening level compares across different time frames:

• One week ago: -3.4%

• One month ago: -1.9%

• One year ago: +51.1%

For context, silver’s year-over-year growth reached 173.3% on May 14, underscoring the metal’s significant run-up this year before the recent pullback.

Silver Price Predictions for the Next Decade

Expert forecasts for silver’s long-term trajectory vary widely. Some analysts anticipate steady or modest gains, while others foresee dramatic price surges. Here are some of the most notable projections:

1. Silver Reaches $100 per Ounce

Analysts at BlackRock and J.P. Morgan share a bullish outlook for silver, forecasting that the metal’s price will climb further. Their estimates suggest silver could exceed $80 per ounce by the end of 2026 and potentially reach $100 per ounce by 2030.

However, investors should exercise caution: forecasts are subject to revision, and analysts may adjust their outlooks at any time.

2. Silver Coins Gain Popularity

Amid ongoing geopolitical tensions in the Middle East, growing concerns about economic instability and supply chain disruptions in manufacturing are driving investor interest in precious metals. Historically, such uncertainty has led to increased demand for silver and other precious commodities.

Because an ounce of gold can be cost-prohibitive for many retail investors, silver coins and bars offer a more accessible entry point, which could further fuel demand.

3. Pricing May Be More Volatile

Relative to gold, silver tends to exhibit greater price volatility, experiencing sharper swings driven by shifts in industrial demand and investor sentiment.

As an illustration, silver peaked above $113 per ounce in early January 2026, only to plunge to $77 per ounce by February — a decline of roughly 32% in just a few weeks.

Price of Silver Chart

Whether you’ve been monitoring silver’s price over the past month or the past year, the chart below tracks the precious metal’s value movement so far this year.

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