Prices hold steady this morning amid renewed airstrikes and pending rate decision

Silver (SI=F) September futures opened at $57.38 per ounce on Wednesday, July 29, 2026, down 0.3% from Tuesday’s closing price. The silver price is holding steady this morning, reaching $57.47 as of 8:54 a.m. ET.

The opening price of silver has ticked lower each day this week, but is holding steady this morning following renewed airstrikes in the Middle East and a Federal Reserve rate-setting meeting set to conclude this afternoon.

Just like gold prices, silver prices are currently being pushed and pulled by opposing forces. On the one hand, geopolitical tensions prompt investors to seek safe-haven investments in assets like precious metals when stocks and global currencies become volatile or unpredictable. On the other hand, the war in Iran has sent energy prices skyrocketing, increasing the odds the Fed will raise rates at some point this year.

According to the CME Group’s FedWatch tool, there is currently a 64.2% chance the Fed will hold rates steady this afternoon, and a 35.8% chance the Fed will raise rates by 25 basis points.

Learn more: Federal Reserve expected to hold rates steady, but Iran war adds tension

Current price of silver

The opening price of silver futures on Wednesday, July 29, 2026, 0.3% lower than Tuesday’s closing price. Here’s how today’s opening silver price has changed versus last week, month, and year:

• One week ago: -3.4%

• One month ago: -3.1%

• One year ago: +50.5%

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

24/7 silver price tracking: Don’t forget 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 current top-performing companies in the silver industry? Explore a list of the top-performing companies in the silver industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria.

Silver vs. gold: Which made investors more money over the years? 

Over the past 50 years, gold outperformed silver, delivering higher long-term returns. Since the 1970s, silver and gold prices have dramatically increased, but their roles in the economy and their long-term performance are very different.

Governments and investors view gold as a store of value, and central banks hold large gold reserves to protect their economies against global inflation or geopolitical crises. It’s also widely used to produce jewelry. 

Silver is much more abundant in supply than gold, but it also has more uses. Silver plays a significant role in manufacturing and industrial production; companies use silver to make solar panels, electronics, and medical devices. The industrial demand can affect silver’s prices, causing more drastic changes. 

Read more: Gold vs. silver: Which had higher returns over 50 years?

Price of silver chart

Whether you’re 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: