Silver prices today, Tuesday, September 1, 2026: Silver prices sliding as higher rates feel inevitable

On Tuesday, September 1, 2026, silver prices dropped as futures opened at $65.37 per ounce, a decline of 0.4% from Monday's close. This decline is due to expectations of a rate increase later in the month, as acknowledged by Fed Chair Kevin Warsh at the Jackson Hole summit. Earlier this week, the U.S. conducted military strikes against Iran, causing oil prices to climb 1.36% and 3.69% over the past day and week respectively.

These factors have fueled the expectation of higher interest rates, which would limit silver price growth since the precious metal does not pay interest to investors.