Silver Price Outlook
Silver prices fell on average in May, amid higher bond yields, a stronger dollar and softer prospects for industrial demand. Silver prices averaged USD 21.9 per troy ounce in May, which was 10.9% lower than April's price and was down 20.4% from the same month last year. Meanwhile, on 31 May, silver traded at USD 21.8 per troy ounce, which was down 5.8% from the same day of the previous month. U.S. bond yields averaged higher in May than in April on prospects of rapid Fed rate hikes, with yields briefly breaching the 3% barrier early in the month—their highest level in nearly four years. This reduced the attractiveness of the non-interest-bearing metal to investors, while a stronger dollar made silver less affordable to holders of other currencies, further weighing on prices. Moreover, ongoing lockdowns in China, supply constraints and elevated cost pressures continued to weigh on global manufacturing activity in May. Together with increasingly gloomy 2022 economic growth projections for major economies, this likely dampened the industrial demand outlook for silver, hitting prices in turn.Silver Price History Data (USD per troy ounce, aop)
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Silver | 15.71 | 17.15 | 17.06 | 15.72 | 16.22 |
Sample Report
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Silver Historical Price Chart
Sample Report
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
© Copyright: 2022. | Silver Prices | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
