Silver Futures Hit $67.89 as Inflation Concerns Fade
Silver prices surged past $67 this morning, breaking a two-week trading range. The rally follows a Federal Reserve rate hike and a sharp drop in oil prices.
Silver December futures traded at $67.89 per ounce on Friday, September 18, 2026. This marked the highest price of the week. The metal opened at $65.76, down 0.5% from Thursday's close. By 7:05 a.m. ET, prices had climbed to $67.47. This level exceeded the previous week's high by a wide margin.
The price action broke out of a range that had held between $63 and $64 for several days. The opening price set a weekly record. Market data from GN auto markets/commodities: silver prices confirms the sharp upward movement. The current valuation is 3.9% higher than one week ago. It is 0.8% lower than one month ago. Year-over-year growth stands at 57.7%.
Fed Hike Cools Inflation Fears
The Federal Reserve raised interest rates for the first time in three years. This decision reduced inflation concerns among investors. The market reaction was immediate. Silver prices responded positively to the shift in monetary policy expectations. The removal of inflation risk supported the metal's value.
Crude Oil Prices Drop Sharply
Brent crude prices fell to $98.51 per barrel this morning. This is down from $107 on Wednesday. The decline coincides with the restoration of Saudi Arabia's East-West pipeline. Lower energy costs contribute to a broader reduction in inflation expectations. This environment supports precious metal demand.
Tax Rules For Silver Investors
Physical silver is classified as a collectible by the IRS. Gains are taxed differently than stocks. Short-term gains are taxed as ordinary income. Rates can reach 37%. Long-term gains are capped at 28%. This cap applies regardless of the investor's tax bracket. It is higher than the 20% maximum rate for most equities.
