Silver Price OutlookSilver prices dipped over the previous month—after surging in July—due to a strong rise in equity prices in August. Silver traded at USD 26.9 per troy ounce on 11 September, which was down 0.4% from the same day last month. That said, the price was 50.3% higher on a year-to-date basis and was up 49.1% from the same day a year prior. Silver prices inched marginally lower over the past month, having recovered the majority of losses by early September after plunging at the quickest rate in over a decade on 11 August. A rush of optimism hit global equity markets in early August as news of a Russian Covid-19 vaccine, stronger economic data and hopes of another economic stimulus package in the U.S. weighed on safe-haven demand. Consequently, silver prices tumbled as investors’ appetite for risk perked up, with both the S&P 500 and NASDAQ hitting record highs in August. Nevertheless, prices gained back some lost ground from mid-August due to the ongoing recovery in global manufacturing, which likely raised demand for silver.
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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