When you opened the bolt, was there a live round in the chamber?
If yes:
- Chamber another round and try again.
- Try a different lot of ammo.
- If it continues to misfire, return it to Savage.
If no:
- Be sure the magazine is snapped firmly into position (you should hear a 'click').
- Pull the bolt handle all the way back and release it quickly, letting it snap forward.
- Try a different magazine.
- If it continue to misfire, return it to Savage.