Silver futures hovered at the $20.1 per ounce mark, tracking other bullion to edge slightly higher amid lower risk-sentiment ahead of the US inflation reading this week. Still prices remained below the one-month high of $20.3 hit earlier in the month as strong labor data from the US compounded hawkish expectations for the Fed after multiple policymakers emphasized that bringing inflation down is a priority. The US economy added nearly 530 thousand jobs during July, more than double of analysts’ expectations, while the unemployment rate unexpectedly edged lower to 3.5%. The data led markets to consider a third consecutive 75bps rate hike in the Fed’s next meeting, driving investors away from bullion and to the US dollar. .

Historically, Silver reached an all time high of 49.51 in April of 2011. Silver - data, forecasts, historical chart - was last updated on August of 2022.

Silver is expected to trade at 19.50 USD/t. oz by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 18.39 in 12 months time.

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Price Day Month Year
Gold 1,798.13 9.61 0.54% 3.72% 4.02%
Silver 20.54 -0.109 -0.53% 7.63% -11.92%
Copper 3.62 0.0340 0.95% 5.49% -16.78%
Steel 4,105.00 -25.00 -0.61% 1.86% -22.71%
Iron Ore 113.00 1.50 1.35% 0.44% -32.34%
Lithium 476,500.00 0 0% 0.21% 396.35%
Platinum 939.74 0.08 0.01% 8.08% -5.57%

Silver futures and options contracts are used by mining companies, fabricators of finished products, and users of silver-content industrial materials to manage their price risk. As a precious metal, silver also plays a role in investment portfolios. The largest industrial users of silver are the photographic, jewelry, and electronic industries. The biggest producers of silver are: Mexico, Peru and China followed by Australia, Chile, Bolivia, United States, Poland and Russia.
Actual Previous Highest Lowest Dates Unit Frequency
20.56 20.65 49.51 3.53 1975 - 2022 USD/t. oz Daily