Using A Silver Price History Chart To Spot Trends In Silver Prices
A look at a silver price history chart shows that this precious metal has undergone some of the same price increases that gold has experienced. This holds true no matter how far back you look. When gold’s value skyrocketed in the early 1980’s, silver’s price did as well. Silver is less expensive but it still made similar upward moves at the same time as gold.
In the immediate section below you will find 30, 60 & 90 day silver price charts as well as a 1 year silver price chart, further down the page you will find his charts ranging from 5 to 25 years.
Historical Silver Price Charts (Click On The Year or Timeframe You’re Interested In):
5 year silver price chart | 10 year silver price chart | 15 year silver price chart | 20 year silver price chart | 25 year silver price chart
30 Day | 90 Day | 6 Month | 1 Year Silver Charts: | |
There are reasons to think that each upward movement of silver has a more genuine base of support than gold. Gold tends to react to fears about inflation and the economy in general. It is very pretty and acts as a financial bellwether. Silver, though, is very useful in industrial settings. This metal is ductile and malleable. It has unique qualities that make it a valuable component of many electronic devices. The increasing need for electronic devices in a digital world suggest that the price of silver is doing more than reacting to global economic fears. Other practical uses of silver include medical devices and in the reproduction of xrays and development photographs.
A silver price trend chart can show you the recognized value of silver over different periods of time. Trend charts showing the last ten years display a marked improvement in the price of silver. The highest point of nearly $49 per ounce was reached in2011, at about the same time that gold was peaking. Silver began the last decade at just under $5. This movement represents a nearly 1,000% gain.
Investors can take advantage of this increasing value in various ways. Many people have taken to purchasing silver coins. These exist either as collector’s items or as special issues that various governments mint. Other investors put their money in silver mines, stocks or silver etf’s. The values of these stocks tend to follow the market value of silver. However, each mine is an independent operation and can suffer price failure even when the price of silver itself is high.
Some people invest in silver index funds to avoid tying themselves to the fate of a particular company or mine. These index funds invest in a wide variety of silver stocks that include shares in mining companies as well as commodity purchases. They avoid the risk of one company’s failure while they enjoy the general upward swing of silver prices.
5 To 25 Year Historical Silver Price Charts: |
5 year silver price chart: (click here to return to silver graph links) Starting Spot Silver Price January 12, 2007: $13.07 End Spot Silver Price February 10, 2012: $33.55 for a total gain of $20.48 or an increase of 157%. |
10 year silver price chart: (click here to return to silver graph links) Starting Spot Silver Price January 2, 2002: $4.59 End Spot Silver Price February 10, 2012: $33.55 for a total gain of $28.96 or an increase of 630%. |
15 year silver price chart: (click here to return to silver graph links)This graph actually covers silver from Jan 1995 to Jan 2012 so actually covers 16 years. Starting Spot Silver Price January 03, 2007: $4.84 End Spot Silver Price February 10, 2012: $33.55 for a total gain of $20.48 or an increase of 593%. |
20 year silver price chart: (click here to return to silver graph links) |
25 year silver price chart: (click here to return to silver graph links) This graph actually covers silver from Jan 1985 to Jan 2012 so actually covers 26 years. Starting Spot Silver Price January 03, 1985: $6.25 End Spot Silver Price February 10, 2012: $33.55 for a total gain of $20.48 or an increase of 436%. |
The silver spot price history in various countries differ somewhat. This is due to the varying strengths of different currencies. Depending on where a person invests, this can make a difference in the value of an investment in silver. If you are interested in silver you may also have some interest in gold, check out our gold history graphs post to follow the steady rise of gold over the years. In the end the choice to invest in silver or gold is up to the individual but it looks like both will continue to be a wise choice in the coming months and years ahead. I have been investing in silver for just over 5 years and believe it to be a good buy for any price under $40.00 at the time of this writing (February 22, 2012), I have found it best to take advantage of any dips to purchase more, if you listen to the experts most are predicting $100 + silver over the next couple years which will make an excellent return. As with all investments you need to do your own due diligence in research and be comfortable with the amount you are investing. |