Fine silver ingots

Silver Price Outlook

Silver prices rose over the past month, in line with other precious metals, likely due to heightened global inflation and still-recovering industrial demand. Silver traded at USD 23.0 per troy ounce on 14 January, which was up 4.7% from the same day last month. However, the price was 1.4% lower on a year-to-date basis and was down 10.4% from the same day a year prior. Silver prices received a boost in recent weeks as inflationary pressures continued to build in key developed economies, which raised demand for silver for its attractiveness as a hedge against inflation. Moreover, global manufacturing PMI data suggests that industrial activity continued to improve over the past month, albeit at a more moderate pace, which should have supported silver demand prospects. Nevertheless, the Fed bringing forward its timeline for the first rate hike since the start of the pandemic raised the 10-year yield rate, which should have kept price growth in check.

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.

Sample Report

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

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