History of Silver Prices
Although past performance is not necessarily indicative of future results, looking at a 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.