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Understanding the Price of Silver

Importance of understanding silver prices

At the time of this writing, Silver is experiencing a little spike. According to the Silver spot price chart, it is trading near $18 per ounce. APMEX’s easy-to-read Silver price charts mean you can follow the moment-to-moment price of Silver at a glance, without squinting at narrow newspaper columns as it was in years past. The price of Silver tells us not only what resources we must allocate to invest in Silver on a given day, but also, when taken with the historical price charts, helps us understand the intrinsic value of Silver as a commodity. Examining the history of Silver’s price per ounce is an excellent indication of its real value.

Silver Today

A great indicator of Silver’s value is its relative buying power. In May of 1987, Silver charted around $9 per ounce. Thirty years later, in May 2017, the Silver price chart tells us the Silver spot price was just under $17 per ounce. That’s a matinee movie for two, either in 1987 or 2017. Silver prices reflect general prices in our economy well enough that a few moment’s thought will yield many examples of buying-power parity. This is one major way Silver’s spot price over time indicates the intrinsic value of Silver.

The value of silver and You

Having a true grasp of the value of Silver may make your investing choices plain to you relative to your own income. If you take time to consider each ounce of Silver you invest in as a trade-off for some luxury item, investing makes good sense. Forego a lunch out with your officemates once every couple of weeks and instead buy an ounce of Silver. Take an afternoon walk with your special someone rather than taking in a movie and instead buy an ounce of Silver. The current Silver price means finding places in your budget to make small compromises and instead invest in your future is quite easy. An ounce of Gold may be equal to your mortgage but an ounce of Silver is accessible to nearly everyone. It is a small investment in your later security and historical price charts show plainly that Silver is a fair bet. The long-term growth, even aside from spikes brought on by political or national events, is visible even to the layperson’s eye.

Silver Coin Prices

In considering how to make these small investments that are sure to add up when you commit to long-term Silver holdings, you might wish to consider the Silver American Eagle. Today, you can purchase a beautiful 1 oz Silver American Eagle for around $20. This is a modest outlay that has potential for a real payoff in the future. Silver investing is meant for the the patient — long-term payoffs are possible but are not guaranteed unless you know how to wait and be wise. The good thing about an iconic Silver American Eagle is you have the joy of possessing a piece of American art and history as you watch your holdings grow in value.

Silver prices per ounce, when taken as a whole, give investors an excellent indication of Silver’s real value over time. You can see its constancy and how Silver holdings will grow in buying power over the long haul. There is no better time than now to begin building the holdings that may help secure your future.

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