Silver September futures opened at $57.97 per ounce on Thursday, July 30, 2026, down 0.2% from Wednesday's close, and later rose to $58.24. The precious metal continues to struggle to reclaim the $60 per ounce benchmark, having not opened above this level since July 8. This struggle persists even after the U.S. Federal Reserve decided to leave interest rates unchanged yesterday. Factors contributing to silver's struggle include escalating military actions in the Middle East, the lingering prospect of higher interest rates later this year, and waning industrial demand.