Silver Price OutlookSilver prices continued their revival in February, hitting a six-month high in late January amid concerns over the global economy, persistent geopolitical risks, and a dovish turn from the U.S. Federal Reserve. Silver traded at USD 15.8 per troy ounce on 8 February, which was 1.0% higher than on the same day last month and was up 1.8% on a year-to-date basis. The price, however, was 3.5% lower than on the same day a year prior. Prices climbed higher in recent weeks largely due to rising investor demand. The Federal Reserve’s notably dovish tenor at its 29–30 January FOMC meeting, which also put downward pressure on the dollar, supported prices for the white metal. Moreover, uncertainty surrounding negotiations between the U.S. and China, with the March truce deadline quickly approaching with no final resolution yet in sight, also likely pushed up investor demand. On the industrial side, weakness in the Chinese economy, particularly in the manufacturing sector, likely kept a lid on demand.
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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