Silver price today, Friday, September 4, 2026: Silver prices rising ahead of August jobs report

Silver December futures opened at $67.63 per ounce, marking their highest level of the week as market participants positioned ahead of the U.S. August jobs report and upcoming inflation data. Prices held steady early in the session at $67.45 per ounce. Key macroeconomic drivers include expectations for the U.S. economy to have added 55,000 jobs in August alongside recent remarks from Federal Reserve Governor Chris Waller, who indicated willingness to keep interest rates steady if inflation figures demonstrate sustained easing. From a performance perspective, silver remains up 16.4% over the past month and 64.8% over the past year, although it experienced a 2.5% dip over the preceding week. Market analysts suggest that a pause in Federal Reserve rate hikes could provide additional upside momentum for precious metals. The report also highlights tax implications for physical precious metal investors, emphasizing that the IRS classifies physical silver as a collectible subject to a maximum 28% long-term capital gains tax rate.