Silver price today, Friday, September 11, 2026: Silver prices turn negative leading up to CPI report

On Friday, September 11, 2026, silver prices turned negative as they approached the release of the CPI report. December futures for silver opened at $64.14 per ounce, marking a 1.2% decline from the previous day's closing price. Throughout the morning, silver prices remained stable, reaching $64.35 at 7:11 a.m. ET. The current downward trend in silver prices was attributed to surging oil and gas prices, which increased the likelihood of the Federal Reserve raising interest rates in the near future.

This factor, coupled with a higher expectation of rate hikes (69.4% compared to 62.2% the previous day), weighed on silver prices. Analysts noted that silver's year-over-year growth was 173.3% as of May 14. The tax implications for silver investors were highlighted, as silver is classified as a collectible by the IRS, resulting in a higher capital gains tax rate.