Report post

What is the spot price of silver?

What is the Spot Price of Silver? Silver Spot Prices Silver Price Spot Change Silver Price Per Ounce $24.85 $0.85 Silver Price Per Gram $0.80 $0.03 Silver Price Per Kilo $798.95 $27.33

How much is silver worth?

Four Decades of Performance. Using the main interactive chart below, you can easily view four decades worth of silver price history. 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.

Why did the silver price spike in 1980?

Although the price of silver was on the rise throughout the 1970s, the spike in 1980 was due to a pair of wealthy speculators, the Hunt brothers. For a brief time, they nearly cornered the global silver market. For a more detailed explanation, check out our podcast episode on how the Hunt brothers nearly cornered the silver market.

What is spot price?

In other words, the spot price is the price at which silver is currently trading. Spot prices are often referred to in the silver and gold markets, as well as crude oil and other commodities. Price is in a constant state of discovery and is watched by banks, financial institutions, dealers and retail investors.

Related articles

The World's Leading Crypto Trading Platform

Get my welcome gifts