Economic Calendar for Silver
The next market-moving US release is the Fed rate decision on Wed, Oct 28, 2:00 pm ET (in 7 days). At its last meeting on September 16 the Fed raised rates by 0.25 pt to 3.75–4.00%, and silver rose 3.5% by the next day's close.
Times shown in New York time (ET) and your local time · Official Fed, BLS and BEA schedules
Fed rate decision
Coming up
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FOMC
Fed rate decisionWed, Oct 28, 2:00 pm ETin 7 days
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PCE
PCE inflation (September 2026)Thu, Oct 29, 8:30 am ETin 8 days
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NFP
Jobs report (October 2026)Fri, Nov 6, 8:30 am ETin 16 days
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CPI
CPI inflation (October 2026)Tue, Nov 10, 8:30 am ETin 20 days
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PCE
PCE inflation (October 2026)Wed, Nov 25, 8:30 am ETin 35 days
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NFP
Jobs report (November 2026)Fri, Dec 4, 8:30 am ETin 44 days
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FOMC
Fed rate decision + projectionsWed, Dec 9, 2:00 pm ETin 49 days
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CPI
CPI inflation (November 2026)Thu, Dec 10, 8:30 am ETin 50 days
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PCE
PCE inflation (November 2026)Wed, Dec 23, 8:30 am ETin 63 days
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NFP
Jobs report (December 2026)Fri, Jan 8, 8:30 am ETin 79 days
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CPI
CPI inflation (December 2026)Wed, Jan 13, 8:30 am ETin 84 days
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FOMC
Fed rate decisionWed, Jan 27, 2:00 pm ETin 98 days
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How silver reacted last time
| Release | Date | Silver that day | 2 days |
|---|---|---|---|
| Fed rate decision Raised rates by 0.25 pt to 3.75–4.00% |
Sep 16, 2026 | +1.66% | +3.53% |
| CPI inflation September 2026 data |
Oct 14, 2026 | −6.10% | −3.93% |
| Jobs report September 2026 data |
Oct 2, 2026 | −1.23% | +0.24% |
Change in the silver futures closing price from the previous trading day ("2 days" = to the next day's close). COMEX silver settles at 1:25 pm ET, before the 2:00 pm Fed statement, so for Fed decisions the 2-day figure is the one that captures the reaction. Releases move silver through expectations and surprises; one day's move also reflects everything else that happened.
Does Silver Move More on These Days?
Average size of silver's move (up or down) on release days since 2023, against ordinary days. Fed decisions are measured over two sessions — the decision day and the next — because COMEX settles before the 2:00 pm statement, and compared with ordinary two-day moves.
FOMC interest-rate decision
Interest rates are the opportunity cost of holding precious metals, which pay no interest. Higher or "higher for longer" rates tend to weigh on silver; cuts or dovish guidance tend to support it, often with bigger swings than gold. The statement is at 2:00 pm ET and the Chair's press conference follows at 2:30 pm.
Next: Wed, Oct 28, 2:00 pm ET — in 7 days
Biggest silver move around a Fed decision since 2023: −10.8% on Mar 18, 2026.
US Consumer Price Index (CPI)
Inflation drives expectations for Fed policy. A hotter-than-expected CPI can push yields and the dollar up and silver down in the short run, even though precious metals are seen as long-term inflation hedges.
Next: Tue, Nov 10, 8:30 am ET (October 2026) — in 20 days
Biggest silver move on a CPI inflation day since 2023: −6.1% on Oct 14, 2026.
US Employment Situation (nonfarm payrolls)
Payrolls and the unemployment rate shape how far and how fast the Fed moves. Strong hiring tends to lift yields and the dollar; weak data tends to help silver — though silver, as an industrial metal, also reacts to what the jobs data says about economic growth. It is usually released on the first Friday of the month.
Next: Fri, Nov 6, 8:30 am ET (October 2026) — in 16 days
Biggest silver move on a Jobs report day since 2023: −8.6% on Apr 4, 2025.
US Personal Income & Outlays (PCE price index)
The PCE price index is the Fed's preferred inflation measure. It usually moves markets less than CPI because much of it can be estimated from CPI and PPI, but surprises still matter.
Next: Thu, Oct 29, 8:30 am ET (September 2026) — in 8 days
Recent Releases and Silver's Reaction
The latest Fed decisions and data releases, with the silver price move on the day.
| Date | Release | Outcome | Silver close | Silver that day | 2 days |
|---|---|---|---|---|---|
| Oct 14, 2026 | CPI inflation (September 2026) | — | $55.55 | −6.10% | −3.93% |
| Oct 2, 2026 | Jobs report (September 2026) | — | $59.98 | −1.23% | +0.24% |
| Sep 16, 2026 | Fed rate decision + projections | Raised rates by 0.25 pt to 3.75–4.00% | $64.29 | +1.66% | +3.53% |
| Sep 11, 2026 | CPI inflation (August 2026) | — | $64.55 | +0.42% | −1.20% |
| Sep 4, 2026 | Jobs report (August 2026) | — | $66.05 | −1.38% | −1.01% |
| Aug 12, 2026 | CPI inflation (July 2026) | — | $65.56 | +1.21% | +0.16% |
| Aug 7, 2026 | Jobs report (July 2026) | — | $63.33 | +3.08% | +5.97% |
| Jul 29, 2026 | Fed rate decision | Held rates at 3.50–3.75% | $57.86 | +0.99% | +2.65% |
| Jul 14, 2026 | CPI inflation (June 2026) | — | $58.77 | +1.97% | −0.91% |
| Jul 2, 2026 | Jobs report (June 2026) | — | $60.64 | +0.93% | +3.05% |
| Jun 17, 2026 | Fed rate decision + projections | Held rates at 3.50–3.75% | $70.70 | +1.14% | −5.21% |
| Jun 10, 2026 | CPI inflation (May 2026) | — | $64.60 | −0.76% | −1.86% |
| Jun 5, 2026 | Jobs report (May 2026) | — | $68.94 | −6.55% | −7.26% |
| May 12, 2026 | CPI inflation (April 2026) | — | $85.13 | −0.42% | +3.98% |
| May 8, 2026 | Jobs report (April 2026) | — | $80.40 | +0.87% | +7.26% |
| Apr 29, 2026 | Fed rate decision | Held rates at 3.50–3.75% | $71.57 | −2.23% | +0.45% |
Economic Calendar FAQ
When is the next Fed meeting?
The next FOMC meeting ends on Wednesday, October 28, 2026, with the rate decision at 2:00 pm ET and the press conference at 2:30 pm ET. The current federal funds target range is 3.75–4.00%.
When is the next CPI report?
The next US CPI release (October 2026 data) is on Tuesday, November 10, 2026 at 8:30 am ET.
When is the next jobs report?
The next Employment Situation report (October 2026) is on Friday, November 6, 2026 at 8:30 am ET.
How does silver react to Fed decisions?
Since 2023, silver has moved 2.80% on average (up or down) from the close before a Fed decision to the close the day after, compared with 2.44% over ordinary two-day periods, and was higher after 16 of 30 decisions. The reaction depends on the surprise versus expectations and on the Chair's guidance, not on the decision alone.
Why does this calendar matter for silver?
Silver pays no interest, so like gold its price is sensitive to interest-rate expectations, the US dollar and real yields — and because about half of silver demand is industrial, growth surprises in the jobs data matter too. Fed decisions and the inflation and jobs data that feed into them are the scheduled events most likely to move those, and silver can move sharply when a release surprises the market. On average, though, the size of the move depends far more on the surprise than on the event itself — see the figures on this page.
Where do these dates come from?
From the official schedules of the Federal Reserve, the Bureau of Labor Statistics and the Bureau of Economic Analysis. Dates can change (for example during a government shutdown); we update the calendar when they do.