Silver price today, Thursday, October 8, 2026: Silver prices slip to August levels after Waller's rising-rates comments - Yahoo Finance

AI desk brief

Silver December futures opened at $60.19/oz on Oct. 8, down 0.2%, and fell as low as $59.09 in early trading, the weakest since August. The move followed Fed Governor Chris Waller's remarks that additional rate hikes may be needed this year or into next to bring inflation back to target, a hawkish repricing that is pressuring silver via higher real-rate expectations.

The article also notes silver is down 1.4% over the past week and 8.8% over the past month, though still up 25.7% year over year. Persistent inflation risks cited by Waller — including oil, trade tariffs and AI-related price pressures — keep the policy backdrop supportive for a firmer dollar and higher yields, both typically negative for precious metals.