Silver Surges 7% on Fed Rate Hike Projections

The silver price surged more than 7% to $67.18 per troy ounce on September 18, 2026, after the Federal Reserve's interest rate hike announcement.

Despite initial selling following the Fed's decision to raise rates for the first time since late 2023, silver prices jumped as traders processed the central bank's projections that showed only one more hike expected in 2026.

Fed Governor Kevin Warsh said October remains 'on the table' if inflation data warrants, but this comment did not signal a sustained tightening cycle.

The current moment sits between the late stages of a tightening cycle and the early stages of an easing cycle, which explains silver's volatility across the past 10 sessions.