Silver Price OutlookSilver prices fell sharply to an over two-month low in recent weeks on renewed optimism in U.S.-China trade talks, the ECB’s slashed outlook, and a firmer US dollar. Silver traded at USD 15.4 per troy ounce on 8 March, which was down 2.7% from the same day last month. Moreover, the price was 1.0% lower on a year-to-date basis and was down 6.9% from the same day a year prior. Silver prices were weighed down in late February and early March by market expectations that the U.S. and China are closer to approaching a final trade deal, which stoked investors’ risk appetite and curbed fears of a trade-induced global slowdown. Moreover, better-than-expected U.S. data, coupled with news that the ECB had downgraded its 2019 forecast for the Eurozone economy, propped up the dollar, putting additional downward pressure on silver prices. Meanwhile, the Chinese slowdown has translated into softer industrial demand for the metal.
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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