Quick Answer: What Was The Highest Price Of Silver In 2011?

What will silver be worth in 5 years?

As you can see, most analysts think silver will average in the $18 range this year.

Those that give a high for the year see it reaching into the low $20s.

What’s interesting is that those giving a five-year forecast all see silver rising rather dramatically from current levels..

What is the highest price of silver in history?

The silver price record high was set on 18th January 1980 at $49.45 (£21.65) per troy ounce fuelled by Nelson Bunker Hunt’s cornering of the market.

What year was silver at its highest?

1980The beginning of the year 1980, we also saw the highest value for silver ever traded in modern history.

Will silver spike again?

The World Silver Survey predicts silver prices will hit US$19 by the end of 2020. … However, these factors don’t mean that the silver price will never again reach its highest price of nearly US$50.

Will silver hit $100 an ounce?

Silver has risen almost 100% since its recent lows. And there’s potential for much more. But it is the most fickle and frustrating of metals – it could hit $100 an ounce, or it could send you bankrupt. … Given the run that it’s been on, it’s hard not to write about silver in today’s Money Morning.

What caused the spike in silver prices in 2011?

When the short-term risks were believed to have subsided, many investors reallocated their assets back into yielding (dividend or interest) investments such as stocks or bonds. The 2011 United States debt ceiling crisis was a major factor in the rise of silver prices.

What is the highest price of silver in the last 10 years?

Silver Prices – 100 Year Historical ChartSilver Prices – Historical Annual DataYearAverage Closing PriceYear High2011$35.12$48.702010$20.19$30.702009$14.67$19.1849 more rows

What will silver be worth in 2030?

The short-term price prediction for silver is set at $16.91/toz by the end of 2019, according to the World Bank. The long-term prediction to 2030 forecasts a significant drop in the commodity’s price, reaching $13.42/toz by then.

Why is silver a bad investment?

Your silver commodity may rise or fall in price but other than the possible increase in price you will never get an extra return as is true with the others… THAT IS WHY SILVER IS CONSIDERED A BAD INVESTMENT.