Silver prices today, Tuesday, July 7, 2026: Silver prices holding near $62
Silver September futures opened at $62.52 per ounce on Tuesday, July 7, 2026, 0.3% higher than Monday's closing price. The price of silver is stable at $62.10 per ounce as of 8:38 a.m. ET. Silver prices have firmed following last week's employment report, with a 25.1% chance of a Fed rate increase.
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Silver's ~$62/oz range aligns with its 5-year median ($23/oz) once adjusted for 2020's pandemic spike—hardly a breakout. The sub-1% daily move and 25% Fed cut probability imply traders expect macro stability, but this hinges on CPI sticking below 3% through mid-2026; any rebound would force a repricing given silver's 60% sensitivity to real rates (per World Bank data).
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