Have the Prices of Silver Peaked?

by Todd
(Somewhere, USA)

Have the Prices of Silver Peaked?

Once you glance at the history of spot prices about silver throughout the last Ten years, there are specific trends which usually have a tendency to be noticeable. For instance: the actual COMEX spot value for precious silver metal in between 2009-2017 never hit a higher greater than 49.80 per ounce. In 2015, it traded as little as of just $13.60 per oz. Today silver fluctuates round the $18.50 per oz.

Have the actual prices of silver actually peaked? The point about this depends upon the real as well as recognized need for silver within the coming several months and many years ahead. In parallel to the prices of $48.70 in 1980 and $49,80 in 2017 per ounce for silver, the latest spot prices are not anywhere close to previous two highs.

Silver precious metal at one time, in the year of 1991, traded for only just $3.50 per oz. What this shows is there is a possibility that we could be simply going into the following upward move for the silver price.

Once the paper silver market ultimately folds, the silver precious metal marketplace is setup to get a lot higher price than gold. Do you know why? Due to the fact, basic fundamentals reveal that precious metals investment demand from customers has placed a considerable amount more pressure on the silver supply compared to gold.

Obviously, there aren't any assurances on the price of precious silver metal and any one considering buying should carry out their sufficient research before you make any silver investment. However, I feel there's a lot of opportunity down the road of silver in no matter what form you might act.