Silver prices today, Wednesday, July 29, 2026: Prices hold steady this morning amid renewed airstrikes and pending rate decision

Silver (SI=F) September futures opened astatine $57.38 per ounce connected Wednesday, July 29, 2026, down 0.3% from Tuesday's closing price. The metallic terms is holding dependable this morning, reaching $57.47 arsenic of 8:54 a.m. ET.

The opening terms of metallic has ticked little each time this week, but is holding dependable this greeting pursuing renewed airstrikes successful the Middle East and a Federal Reserve rate-setting gathering acceptable to reason this afternoon.

Just similar golden prices, metallic prices are presently being pushed and pulled by opposing forces. On the 1 hand, geopolitical tensions punctual investors to question safe-haven investments successful assets similar precious metals erstwhile stocks and planetary currencies go volatile oregon unpredictable. On the different hand, the warfare successful Iran has sent vigor prices skyrocketing, expanding the likelihood the Fed volition rise rates astatine immoderate constituent this year.

According to the CME Group's FedWatch tool, determination is presently a 64.2% accidental the Fed volition clasp rates dependable this afternoon, and a 35.8% accidental the Fed volition rise rates by 25 ground points.

Learn more: Federal Reserve expected to clasp rates steady, but Iran warfare adds tension

Current terms of metallic

The opening terms of metallic futures connected Wednesday, July 29, 2026, 0.3% little than Tuesday's closing price. Here's however today's opening metallic terms has changed versus past week, month, and year:

• One week ago: -3.4%

• One period ago: -3.1%

• One twelvemonth ago: +50.5%

For context, silver's year-over-year maturation was 173.3% connected May 14.

24/7 metallic terms tracking: Don't hide you tin show the existent terms of metallic connected Yahoo Finance 24 hours a day, 7 days a week.

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Silver vs. gold: Which made investors much wealth implicit the years? 

Over the past 50 years, golden outperformed silver, delivering higher semipermanent returns. Since the 1970s, metallic and golden prices person dramatically increased, but their roles successful the system and their semipermanent show are precise different.

Governments and investors presumption golden arsenic a store of value, and cardinal banks clasp ample golden reserves to support their economies against planetary ostentation oregon geopolitical crises. It's besides wide utilized to nutrient jewelry. 

Silver is overmuch much abundant successful proviso than gold, but it besides has much uses. Silver plays a important relation successful manufacturing and concern production; companies usage metallic to marque star panels, electronics, and aesculapian devices. The concern request tin impact silver's prices, causing much drastic changes. 

Read more: Gold vs. silver: Which had higher returns implicit 50 years?

Price of metallic illustration

Whether you're tracking the terms of metallic since past period oregon past year, the price-of-silver illustration beneath shows the precious metal's worth travel truthful acold this year.

More metallic sum from the Yahoo Finance team: 

• 5 ways to put successful metallic for beginners

• Silver terms volatility: What to cognize and however to put successful 2026

• ​​Gold alternatives? How to put successful silver, platinum, and palladium.

• Why is metallic outperforming gold? What to cognize earlier you invest.

• 3 predictions astir metallic prices successful the adjacent decennary

• How to put successful metallic successful 5 steps

• Investing successful metallic oregon different metals? Here's however to debar taxes