Silver Price OutlookSilver prices fell over the last month on soft safe-haven demand. Silver traded at USD 17.0 per troy ounce on 29 November, which was down 4.9% from the same day last month. However, the price was 9.7% higher on a year-to-date basis and was up 18.6% from the same day a year prior. More upbeat market sentiment over the potential for a trade deal between the U.S. and China has dampened safe-haven appetite for several precious metals over the last month, weighing on silver demand. Moreover, recent signs suggest global economic activity is proving resilient: The U.S. grew faster than expected in the third quarter, while China’s manufacturing PMI rose to an over two-year high in October. This likely added further downward pressure on safe-haven demand. In addition, a stronger dollar made silver more expensive for holders of other currencies.
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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