Silver price today, Wednesday, September 16, 2026: Silver prices rise in anticipation of the Fed
Silver prices increased on Wednesday, September 16, 2026, opening at $64.18 per ounce, marking a 0.5% rise from Tuesday's closing price. Market observers are anticipating the first Fed rate increase in three years, with the CME Group's FedWatch tool indicating a 92.5% chance of a 25 basis point increase in the fed funds rate. Silver prices have risen out of the $63 to $64 range maintained all week ahead of this significant Fed meeting.
The price of silver futures has outperformed gold, with silver prices increasing by more than 100% year-to-date, outperforming gold which has also seen significant growth over the past 50 years. Silver's industrial demand, including its use in solar panels, electronics, and medical devices, can cause more drastic changes in its prices compared to gold, which is primarily viewed as a store of value.
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