Silver Price OutlookSilver prices entered an upward trend in the last month but remained volatile. On 5 October, silver closed the trading day at USD 14.6 per troy ounce, which was up 2.7% from the same day in September. However, the price was 14.1% lower on a year-to-date basis and was down 12.4% from in 2017. Growing fears of a Greek-style crisis unfolding in Italy after the collapse of the government’s new fiscal plans encouraged investors to stock up on safe-haven assets, namely gold and silver. The jump in safe-haven demand spurred the rise in silver prices. Continued tightening in the supply of silver, reflecting a drop in mine supply owing to chronic underinvestment and reduced global silver scrap supply, have also pushed prices higher. While prices increased in the last month, downward pressures continue to persist. A stronger dollar and higher borrowing costs have weighed on investors’ demand for non-interest-bearing assets, while industrial demand for the precious metal has been hit by the intensifying trade disputes between the United States and China, Mexico, Canada, and other big players.
Silver Price History Data (USD per troy ounce, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Silver Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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