![]() Silver, and other hard assets, may potentially hold their value better or even possibly rise in value as price pressures climb. During such periods, the overall cost of goods and services rises, and the purchasing power of paper currency may contract. This can potentially make silver especially attractive during periods of rising inflation. Fiat currencies have historically lost value over time, and hard assets like silver may potentially hold their value in spite of declining paper money values. Unlike a fiat, or paper currency, silver cannot be printed at will. One of the major attractions to silver is its lack of counterparty risk and its inherent value. The metal has been used as a medium of exchange in many societies, and carries the same reputation for reliability to this day. Silver, like gold, has been considered a reliable store of wealth and value for centuries. Since that time, silver has recovered some ground and has essentially been range bound from about $16 per ounce to $20 per ounce. The silver market did not maintain trade near the $50 mark, however, and the white metal proceeded to trend lower over a few years until it found a possible bottom in 2016 for less than $14 per ounce. This rapid and significant ascent in the price of silver could potentially have been fueled by significant risk aversion and concerns over the possible effects of massive quantitative easing measures to prop up the economy. This dip was bought aggressively, and silver began a historical climb in price that saw the market move nearly to $50 per ounce in 2011. Silver prices once again came back down sharply to around the $10 per ounce level. This may potentially have been due to the breaking financial crises of 2008/2009 that saw the global banking system nearly collapse. Silver maintained a trading range under $10 for years to come, and prices would not climb above $10 per ounce until 2006.Ģ008 saw the price of silver basically double to about $20 per ounce. The market saw prices come back down following the parabolic rise, and silver once again found itself trading under the $10 per ounce level by the late 1980s. The white metal began to rise in the late 70s, however, and by 1980 was valued at over $36 per ounce. Going back to the mid 1970s, silver was valued at less than $10 per ounce. Using the main interactive chart below, you can easily view four decades worth of silver price history. If silver has dipped down to $15 per ounce on numerous occasions but not gone lower, then buying interest may be strong at that level and it could potentially represent a good value for long-term buyers. In another example, looking at historical silver price data can also potentially help investors identify areas of support that could be solid buying opportunities. For example, looking at a silver price chart going back several months, if prices keep making higher highs and lower lows, then an uptrend may be present and prices could potentially continue higher. In addition, the interactive charts can be used to examine historical silver prices by the ounce or kilo and in numerous currencies besides dollars.Īlthough past performance is not necessarily indicative of future results, looking at a market’s price history can potentially provide useful information. The main chart can provide over four decades worth of silver price history. On this page you can explore silver’s price history. When you return to the cookie will be retrieved from your machine and the values placed into the calculator.Ī range of other useful gold and silver calculators can be found on our Calculators page Pressing the button will place a cookie on your machine containing the information you entered into the Holdings Calculator. If your browser is configured to accept Cookies you will see a button at the bottom of the Holdings Calculator. The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator. Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated. ![]() The Current and Future Gain/Loss will be calculated. Optionally enter number amounts for Purchase Price and/or Future Value per unit of weight chosen. ![]() The Current Value for the amount entered is shown. The current price per unit of weight and currency will be displayed on the right. If you wish to select a currency other than USD for the Silver holdings calculator. NOTE: You must select a currency for gold first, even if you don't enter a value for gold holdings. ![]() Select Ounce, Gram or Kilogram for the weight. The Holdings Calculator permits you to calculate the current value of your gold and silver.Įnter a number Amount in the left text field. ![]()
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