Silver prices today, Thursday, July 2: Prices hit $60 ahead of June employment report

Silver (SI=F) September futures opened astatine conscionable $59.75 per ounce connected Thursday, July 2, 2026, down 1.3% compared to Wednesday's closing price. The metallic terms is moving up somewhat this morning, reaching $60.48 arsenic of 8:03 a.m. ET.

The Fed remains beforehand and halfway successful shaping existent and aboriginal metallic prices. The terms of metallic edged up implicit $60 this greeting up of what is expected to beryllium a coagulated June employment report. Silver hasn't opened supra $60 since past Wednesday.

Fed Chair Kevin Warsh spoke astatine the European Central Bank's forum yesterday, saying that ostentation expectations and risks person subsided some. Currently, there's little than a 30% accidental the Fed raises rates pursuing its gathering astatine the extremity of July, according to the CME Group's FedWatch tool.

A coagulated labour marketplace and sticky ostentation are apt to punctual the Fed to support involvement rates elevated for longer, which could bounds further maturation successful metallic prices successful the coming months.

Current terms of metallic

The opening terms of metallic futures connected Thursday, July 2, 2026, was down 1.3% compared to Wednesday's closing figure. Here's however the opening metallic terms has changed versus past week, month, and year:   

• One week ago: +2.3%

• One period ago: -21%

• One twelvemonth ago: +66.1%

For context, silver's year-over-year maturation was 173.3% connected May 14, 2026.

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Price of metallic illustration

Whether you're tracking the terms of metallic since past period oregon past year, the price-of-silver illustration beneath shows the precious metal's worth travel truthful acold this year. 

More metallic sum from the Yahoo Finance team: 

• 5 ways to put successful metallic for beginners

• Silver terms volatility: What to cognize and however to put successful 2026

• Silver vs. gold: Which metallic made investors much wealth successful the past 50 years?

• 3 predictions astir metallic prices successful the adjacent decennary

• Why is metallic outperforming gold? What to cognize earlier you invest.

• How to put successful metallic successful 5 steps

• Investing successful metallic oregon different metals? Here's however to debar taxes.