Silver Price OutlookSilver prices continued to slide last month. On 3 August, silver closed the trading day at USD 15.5 per troy ounce, which was 3.3% lower than on the same day in June. The price was down 8.8% on a year-to-date basis and was 6.6% lower than on the same day in 2017. Prices slipped as the latest move in the escalating trade war between China and the U.S. dealt a heavy blow to the commodities market, including a widespread sell-off in precious metals. The U.S. is pushing ahead to impose tariffs on an additional USD 200 billion worth of Chinese goods, including metals, energy and agricultural products. Demand for silver jewelry has also been unfavorable. Continued strong industrial demand for silver, however, thanks to rising use of solar technologies, has kept prices from falling further. The green technologies revolution, propelled by increasing investment in solar energy and the growth of new energy vehicles, should continue to lift global industrial 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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