Silver Price Outlook
Silver 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)
| 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.
Silver Historical Price Chart
Sample Report
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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