Silver Price OutlookSilver prices fell at the start of September, losing some ground. On 9 September, silver closed the trading day at USD 19.4 per troy ounce, which was 2.2% lower than on the same day in August. However, the result was up 40.1% on a year-to-date basis and was 32.7% higher than on the same day last year. Silver prices have risen notably after hovering at multi-year lows at the start of the year. A supportive market for precious metals has been behind the strong gains in silver prices seen this year. Elevated global uncertainty amid the UK’s vote for Brexit, the U.S. elections and concerns over global growth have increased speculative and investor demand. In addition, the low global interest rate environment has been supportive of price increases. However, the strong price gains made at the end of June and in July dragged down investor demand in August and data from the U.S. market show that sales of silver coins fell to the lowest level since December 2013.
Silver Price History Data (USD per troy ounce)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Note: Handy & Harman 99.9% Refined Grade Silver, prices in USD per troy ounce (toz). Prices are average of period (aop).
Silver Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities