Silver price today, Friday, August 28, 2026: Silver rising before Warsh takes the stage

Silver (SI=F) September futures opened at $69.35 per ounce on Friday, August 28, 2026, experiencing a slight decline of 0.1% from the previous day's closing price. However, the silver price saw an upward trend this morning, hitting $71.13 by 7:57 a.m. ET. The recent price movements have been stagnant as investors analyze inflation news, which largely aligned with expectations, and gear up for Federal Reserve Chair Kevin Warsh's presentation at the Jackson Hole summit today.

Warsh's speech carries significant weight as market participants eagerly await insights into the Fed's potential interest rate adjustments next month. The committee remains divided on the optimal course of action, between raising rates or maintaining steady rates. Warsh's unconventional approach as a Federal Reserve chair has further heightened expectations surrounding today's address and the potential revelation of the Fed's rate trajectory.