Silver Price OutlookSilver prices were relatively stable in early November. On 2 November, silver closed the trading day at USD 14.8 per troy ounce, which was 0.3% higher than on the same day in October. The price, however, was down 12.9% on a year-to-date basis and was 13.5% lower than on the same day last year. Prices edged up at the start of November on the back of weakness in the dollar ahead of U.S. midterm elections. Prices had fallen in previous weeks, however, due to recoveries in equity markets, curbing investors’ appetite for safe-haven metals, which are non-interest bearing. Industrial demand for silver was likely hit by slower economic growth in China, as recent data has shown the trade dispute between the two economic powers is starting to bite. Signs of tighter supply following a downgrade to its 2018 full-year production forecasts by Fresnillo—the world’s largest silver producer—should have buttressed prices, however.
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
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.