Silver Price OutlookSilver prices hit a nearly six-month high at the start of 2019, amid continued volatility in global equity markets and signs of a weaker U.S. dollar. Silver traded at USD 15.7 per troy ounce on 11 January, which was 7.3% higher than on the same day in December and was up 0.9% on a year-to-date basis. The price, however, was 7.8% lower than on the same day a year prior. Prices rebounded in late December and climbed higher in early January as the U.S. stock market recorded one of the worst performances since the Great Depression in December, and as the U.S. dollar index fell to a two-month low. Moreover, dovish comments regarding the U.S. interest rate dot plot in 2019 in the Federal Reserve’s latest minutes report likely added further support to prices; a softer path of rate hikes in the year should aid demand for the non-interest bearing safe-haven asset. In terms of industrial demand, silver usage in the automotive, and electronic and electrical equipment sectors likely remained strong.
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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