Tuesday, September 8, 2026: Jim Cramer discusses his next moves for the Investing Club

On Tuesday, September 8, 2026, silver prices opened at $66.82 per ounce, showing a slight increase of 0.1% from the previous Friday's close. As of 8:08 a.m. ET, silver prices were holding steady at $66.53 per ounce. The ongoing tensions between the United States and Iran have driven oil prices back close to $100 per barrel, raising concerns about inflation just one week before the Federal Reserve's upcoming rate-setting meeting scheduled for September 15.

Silver's price today is slightly lower than it was on Friday, but it aligns with the opening prices observed in the previous week. Investors and the Federal Open Market Committee (FOMC) committee will review the latest inflation data towards the end of the week. There is a 60% probability that the Fed will raise interest rates during their meeting on September 15.

The opening price of silver futures on Tuesday, September 8, 2026, was 0.1% higher compared to Monday's closing price. Over the past week, silver's price has been influenced by various factors, including its year-over-year growth of 173.3% on May 14. Various experts have differing opinions on silver's future price, with some predicting modest growth, while others anticipate significant price spikes.

Some experts, such as those from BlackRock and J.P. Morgan, believe that silver's price outlook remains strong, potentially surpassing $80 per ounce by the end of 2026 and even reaching $100 per ounce by 2030. Investors should be aware that these predictions can change and be revised at any time. The ongoing conflict in the Middle East has heightened concerns about economic turmoil and supply chain disruptions, potentially driving increased demand for precious metals like silver.

Silver's price tends to be more volatile compared to gold, with fluctuations driven by changes in industrial demand and investor confidence. For instance, silver's price peaked at $113 per ounce in early January 2026 but dropped to $77 per ounce by February, a decline of approximately 32% in just a few weeks.