Silver holds steady near $68 as markets await key US inflation data

Silver September futures opened at $68.63 per ounce on Wednesday, 26 August 2026, marking a 0.1% decrease from the previous day’s closing price. By 8:10 a.m. ET, the price had remained steady at $68.62, allowing the metal to maintain a 17% month-over-month gain despite the minor intraday fluctuation.

The precious metal has exhibited a consistent holding pattern throughout the week, with opening prices edging down slightly each day. This stability comes as markets pause to digest upcoming macroeconomic indicators that could influence the trajectory of precious metals in the coming weeks.

Investors are currently focused on the release of the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred gauge for inflation. Economists expect headline PCE to rise 0.1% in July and 3.6% over the past 12 months, a slight decline from the 3.7% annual pace recorded in June.

Adding to the week’s significance is the Federal Reserve’s annual Jackson Hole symposium, scheduled to commence on 27 August. Federal Reserve Chair Kevin Warsh is set to deliver a speech on Friday, which is expected to provide further insights into current inflation trends and potential future monetary policy actions.

The convergence of the PCE data and Warsh’s remarks is anticipated to offer critical clues regarding the Federal Reserve’s next moves. For silver, which has increased by more than 100% year to date, these signals are particularly important given the metal’s sensitivity to interest rate expectations and industrial demand.

While gold has historically outperformed silver in long-term returns, silver’s broader industrial applications in sectors such as solar panels and electronics continue to drive its price dynamics. The market’s current wait-and-see approach reflects a cautious stance ahead of data that could redefine the outlook for precious metals.