Learn About the History of Silver Prices
Although past performance is not necessarily indicative of future results, looking at Silver’s price history can potentially provide useful information.
Going back to the mid-1970s, Silver was valued at less than $10 per ounce. The white metal began to rise in the late 70s, however, and by 1980 was valued at over $36 per ounce. The market saw prices come back down following the parabolic rise, and Silver once again found itself trading under the $10 per ounce level by the late 1980s. Silver maintained a trading range under $10 for years to come, and prices would not climb above $10 per ounce until 2006.
Silver’s Long History
Silver has stood the test of time as a reliable store of wealth and value, and the white metal is likely to continue to be sought after for its budget-friendly investor appeal and its potential to provide a meaningful hedge against economic downturns.
Learn more about the history of Silver Prices.