Silver Futures Drop 1.0% Ahead of Inflation Data

Silver December futures opened at $67.94 per ounce on Thursday, September 10, 2026. This represented a 1.0% decrease from Wednesday's closing price. By 6:58 a.m. ET, the price had declined further to $66.62. Despite the drop, $67.94 remained the strongest opening price for the metal this week. Market participants are adjusting positions ahead of key economic releases.

Investors are waiting for the Producer Price Index data due today. The Consumer Price Index report is scheduled for tomorrow. These two reports provide a final look at inflation before the Federal Reserve meets. The central bank begins a two-day rate-setting meeting on Tuesday. Market expectations directly influence short-term price movements.

Fed Rate Expectations Shape Silver Path

Current market data shows a 62.2% probability of a Fed rate hike next week. Such an increase would likely limit silver price growth. Higher interest rates typically reduce the appeal of non-yielding assets like metals. This sentiment contributed to the morning price correction. Traders are positioning portfolios to hedge against potential monetary tightening.

Silver Outperforms Over One Year

Despite the daily decline, silver remains strong over longer periods. The metal is up 3.6% compared to one week ago. It has gained 6.3% over the past month. Year-over-year growth stands at 65.2%. For context, silver recorded 173.3% growth on May 14. This sustained upward trend contrasts with the immediate pre-data volatility.

Precious Metals Attract Diversification Interest

Precious metals continue to see high demand from investors. Silver, platinum, and palladium are gaining popularity as portfolio diversifiers. Gold has historically led the sector, but these metals are closing the gap. According to GN markets/inflation (en-US), understanding ownership options is key for new entrants. Investors are advised to define their goals and risk tolerance before allocating funds.