Silver prices today, Thursday, October 29, 2026: Silver prices steady following no rate change from the Fed - Yahoo Finance

AI desk brief

Silver December futures opened at $54.05/oz on Thursday, up 0.7% from Wednesday’s close, though prices slipped early to $53.01 by 7:17 a.m. ET. The Fed’s decision to hold rates steady was widely expected and had little immediate impact on silver, which has now opened in the $54 area for five straight sessions.

The piece notes that the market is looking ahead to the next two months for signs of whether higher rates become more likely before year-end. CME FedWatch is showing nearly an 86% chance of a rate hike after the December meeting, while the article also flags Middle East developments and potential energy-cost spillovers as a macro watchpoint.