Fine silver ingots

Silver Price Outlook

Silver prices registered a drop in late November after gaining some ground at the beginning of the month. The decline in prices was driven by reduced investor demand for the precious metal in light of upbeat U.S. GDP growth data for the third quarter and optimistic sentiment on equities. On 1 December, silver closed the trading day at USD 16.4 per troy ounce, which was 4.0% lower than on the same day in October. The price was up 2.2% on a year-to-date basis, but was 0.6% lower than on the same day in 2016. The fall in silver prices was once again fueled by developments in the United States. A second estimate for Q3 GDP released on 29 November showed a better-than-expected performance; the U.S. economy grew at the fastest annual rate since Q4 2014. The positive figures and upbeat sentiment on equities—which has recently pushed stock indexes to record highs—have diminished investors’ appetite to hold the safe-haven metal in their portfolios. Moreover, the Federal Reserve’s strong hints of another rate hike before the end of the year have also deterred investor demand for silver. Elevated tensions in the Korean Peninsula may encourage a resurgence of safe-haven inflows into the commodity, however.

Silver Price History Data (USD per troy ounce, aop)

2012  2013  2014  2015  2016  
Silver31.14  23.82  19.07  15.71  17.15  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Silver Historical Price Chart


Silver historical price chart
Note: Handy & Harman 99.9% Refined Grade Silver, prices in USD per troy ounce (toz). Daily prices.

Sample Report

Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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