Silver Price Outlook

Silver prices have continued to stage a comeback in recent weeks, moving further clear of March’s multi-year low, likely on a more supportive demand outlook. Silver traded at USD 16.6 per troy ounce on 15 May, which was 7.8% higher than on the same day last month. The price was down 7.3% on a year-to-date basis but was 12.2% higher than on the same day a year prior. The gradual lifting of lockdown measures around the world, in particular in European countries and the U.S., has brightened the industrial demand picture somewhat over the last month. Moreover, stimulus measures and rock-bottom interest rates have provided further support, by encouraging investors to hold non-yielding assets. Moreover, the historically high disparity between gold and silver prices likely further boosted demand for silver.

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  

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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.

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

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