Silver holds near $52–54 an ounce as Fed decision looms
The gist
Silver traded at $52.49 an ounce on Oct 29, down $1.24 from the prior day.
Prices sit far below January's $121.62 record as traders watch the Fed.
How it unfolded
- Oct 20, 2026CFTC data show speculative silver net-longs easing to 17.4% of open interest, the 7th percentile of the past 60 weeks, down from the 35th percentile a week earlier.
- Oct 26, 2026Silver trades near $54.11 an ounce, clawing back ground after closing below $54 for the first time this year on Friday.
- Oct 27, 2026At 8 a.m. ET silver stood at $53.32 an ounce, a 76-cent decrease from the same time a day earlier but more than $6 above a year ago.