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 July of 2022.

Silver is expected to trade at 20.33 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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Silver



Price Day Month Year
Gold 1,805.30 -1.59 -0.09% -3.36% 1.04%
Silver 20.19 -0.053 -0.26% -9.36% -23.68%
Copper 3.67 -0.0465 -1.25% -19.43% -14.34%
Steel 4,501.00 -21.00 -0.46% -0.46% -9.45%
Iron Ore 122.50 -2.00 -1.61% -11.55% -43.81%
Lithium 475,500.00 0 0% 1.49% 434.27%
Platinum 894.52 0.67 0.07% -12.52% -17.93%


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.
Actual Previous Highest Lowest Dates Unit Frequency
20.20 20.25 49.51 3.53 1975 - 2022 USD/t. oz Daily