Fine silver ingots

Silver Price Outlook

Silver prices continued trending down at the outset of July after falling steeply in June. On 6 July, silver closed the trading day at USD 16.0 per troy ounce, which was 4.4% lower than on the same day in June. The price was down 5.9% on a year-to-date basis, and it was 0.4% higher than on the same day in 2017. Prices weakened given headwinds from a stronger dollar following the release of upbeat U.S. jobs data for June. Investors have unwound their holdings of silver as rising interest rates have eroded silver’s appeal as an investment compared to yield-bearing assets. That said, prices have been held from a bigger decline by buoyant industrial demand, fueled by the increased use of solar panels. The drive towards using green technologies will continue to boost global industrial demand for silver, especially in the auto industry with its growth of new-energy vehicles, such electric battery-powered vehicles and plug-in hybrids. Growing use of nuclear energy, which uses silver in its production, is also ramping up demand for silver. Meanwhile, the overall supply of silver has continued to tighten due to lower mine supply and declining global silver scrap supply, which will put upward pressure on prices. Disruptions in production in the Americas have also constrained total supply.

Silver Price History Data (USD per troy ounce, aop)

2013  2014  2015  2016  2017  
Silver23.82  19.07  15.71  17.15  17.06  

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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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