Silver Price Outlook
Silver 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)
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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
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