Silver futures dip below $64 as Fed rate hike odds jump to 92.5%

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Silver Prices Today, Tuesday, September 15, 2026

By Tim Manni Tue, September 15, 2026, 4:23 AM PDT · 3 min read

Silver (SI=F) December futures opened at $63.76 per ounce on Tuesday, September 15, 2026, down 0.6% from Monday's closing price. As of 7:15 a.m. ET, silver prices had edged lower to $63.60.

Silver is losing traction this morning as the Federal Reserve is set to begin its two-day rate-setting meeting later today. Expectations overwhelmingly point to the Fed announcing higher rates after the committee concludes its meeting tomorrow afternoon.

According to the CME Group's FedWatch tool, there is now a 92.5% chance the Fed will raise rates after tomorrow's two-day meeting. This marks an increase from 86.5% yesterday and 69.4% on Friday.

Learn more: How a Fed rate hike affects your money

Current Price of Silver

The opening price of silver futures on Tuesday, September 15, 2026, was 0.6% lower compared to Monday's closing price. Here is how today's opening silver price has changed versus recent periods:

• One week ago: -3.4%
• One month ago: -1.9%
• One year ago: +51.1%

For context, silver's year-over-year growth was 173.3% on May 14.

24/7 silver price tracking: You can monitor the current price of silver on Yahoo Finance 24 hours a day, seven days a week.

Want to learn more about the top-performing companies in the silver industry? Explore a list using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria.

Silver Price Predictions for the Next Decade

Silver price forecasts vary widely by expert. Some predict silver's price will hold steady or experience modest growth, while others forecast significant price spikes. Below are some of the major predictions:

1. Silver Reaches $100 Per Ounce

Experts at BlackRock and J.P. Morgan agree that the outlook for silver remains strong and that its price will increase. By the end of 2026, experts predict silver's price will surpass $80 per ounce, and it could reach $100 per ounce by 2030.

Note: Predictions can change, and experts may revise their forecasts at any time.

2. Silver Coins Become More Popular

With ongoing conflict in the Middle East, investors are increasingly concerned about economic turmoil and manufacturing supply chain disruptions. Historically, this leads investors to buy precious metals such as silver.

Because buying an ounce of gold is prohibitively expensive for new investors, silver coins or bars offer a more accessible entry point, potentially driving increased demand.

3. Pricing May Be More Volatile

Compared to gold, silver's price tends to be more volatile, with more frequent rises and falls. Its price fluctuates due to changes in industrial demand and investor confidence.

For example, at the beginning of January 2026, silver's price topped $113 per ounce. By February, it had dropped to $77 per ounce—a decrease of approximately 32% in just a few weeks.

Keep reading: Silver price predictions for the next decade: What should investors expect?

Price of Silver Chart

Whether you are tracking the price of silver since last month or last year, the price-of-silver chart below shows the precious metal's value journey so far this year.

More silver coverage from the Yahoo Finance team:

• 5 ways to invest in silver for beginners
• Silver price volatility: What to know and how to invest in 2026
• Silver vs. gold: Which metal is right for you?