Silver futures extended their downward momentum towards the $20-an-ounce mark, a level not seen since July of 2020, as bets of an aggressive tightening by the Federal Reserve to rein on sky-high inflation spooked investors from the non-yielding metal. Federal Reserve officials have reiterated their determination to rein in inflation, setting expectations for a back-to-back 75 basis point rate hike in July. Putting a floor under prices were lingering concerns about slowing economic growth, particularly in Europe, as a confluence of economic shocks threatens the outlook for the bloc.

Historically, Silver reached an all time high of 49.51 in April of 2011. Silver - data, forecasts, historical chart - was last updated on June of 2022.

Silver is expected to trade at 20.72 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 19.58 in 12 months time.

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Price Day Month Year
Gold 1,817.02 -0.09 0% -1.09% 2.28%
Silver 20.46 -0.246 -1.19% -4.98% -21.33%
Copper 3.71 -0.0720 -1.91% -13.71% -12.61%
Steel 4,501.00 -21.00 -0.46% -0.46% -9.45%
Iron Ore 124.50 0 0% -8.79% -42.23%
Lithium 477,500.00 0 0% 1.92% 436.52%
Platinum 897.75 -19.03 -2.08% -6.94% -17.07%

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.
Actual Previous Highest Lowest Dates Unit Frequency
20.46 20.71 49.51 3.53 1975 - 2022 USD/t. oz Daily