Silver hovered around $23.5 per troy ounce, the lowest in over five weeks amid expectations of higher interest rates. Jerome Powell has been nominated for a second term as chair of the US Federal Reserve by President Joe Biden, signaling a continuation to the current withdraw of extraordinary stimulus and raising expectations of a sooner increase in the feds fund rate. Also, minutes from the last FOMC meeting showed Fed officials are ready to raise interest rates if inflation continues to run high. The Federal Reserve began reducing its monthly asset purchases this month at a pace of $15 billion per month with plans to end them in 2022. Elsewhere, investors bet on an ECB rate hike next year as the bank's policymakers cast attention to upside inflation risks.

Historically, Silver reached an all time high of 49.51 in April of 2011. Silver - data, forecasts, historical chart - was last updated on November of 2021.

Silver is expected to trade at 22.57 USD/t. oz by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 21.04 in 12 months time.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Silver


Price Day Month Year
Gold 1,792.69 4.52 0.25% -0.22% 0.26%
Silver 23.13 0.025 0.11% -3.80% 1.92%
Copper 4.28 -0.1545 -3.48% -2.46% 25.27%
Steel 4,295.00 -71.00 -1.63% -11.21% 5.79%
Iron Ore 96.50 -4.00 -3.98% -17.52% -25.48%
Lithium 197,500.00 0 0% 3.13% 406.41%
Platinum 953.68 -41.57 -4.18% -5.62% -1.03%


Silver
Silver futures and options contracts are used by mining companies, fabricators of finished products, and users of silver-content industrial materials to manage their price risk. As a precious metal, silver also plays a role in investment portfolios. The largest industrial users of silver are the photographic, jewelry, and electronic industries. The biggest producers of silver are: Mexico, Peru and China followed by Australia, Chile, Bolivia, United States, Poland and Russia.