Silver Futures Recover to $64.57 After Fed Rate Hike
Silver December futures opened at $63.42, down 2.3%, but reversed to $64.57 by mid-morning following the Federal Reserve's first rate increase in three years.
Silver December futures opened at $63.42 per ounce on Thursday, September 17, 2026. This price represented a 2.3% decline from the previous day's close. By 7:10 a.m. ET, the price had recovered to $64.57. The initial drop marked the lowest level for the week.
The market reaction followed the Federal Reserve's decision to raise interest rates. This was the first rate increase in three years. Traders did not show a significant negative reaction to this move. Prices stabilized quickly after the opening session.
Oil prices drop on pipeline news
Oil prices fell below $100 per barrel this morning. This is a significant drop from nearly $108 per barrel yesterday. The decline follows reports that oil flow is normalizing through Saudi Arabia's East-West pipeline. The pipeline had been damaged earlier this week.
Market confidence remains steady despite the rate hike. Investors appear focused on the resolution of the supply disruption. The combination of stable metals and falling energy costs suggests a cautious but resilient market environment.
Silver performance lags historical highs
Current silver prices are 1.2% lower than one week ago. They are 2.8% lower than one month ago. However, the metal is up 51.4% compared to a year ago. For context, silver saw a 173.3% year-over-year increase on May 14.
Precious metals continue to serve as portfolio diversifiers. Silver, platinum, and palladium are gaining popularity alongside gold. Investors are reviewing their allocation strategies in light of these price movements. The long-term upward trend remains intact despite short-term volatility.
Source data confirms price stability
According to GN auto markets/commodities: silver prices, the metal stayed steady after the Fed decision. The data reflects a market that has absorbed the policy change. Traders are monitoring the price action for further signals. The current level holds firm in early trading.
