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SILVER
Silver Commodity
Silver is used in electrical
contacts and conductors, in mirrors and in catalysis of
chemical reactions, in photographic film and dilute
solutions. Uses of silver in clinical research is in
progress.
Silver Price
Over the last 100 years the
price of silver have fluctuated greatly due to competing
industrial and store-of-value demands. In 1980 the silver
price rose to an all-time high of US$49.45 per troy ounce.
By December 2001 the price had dropped to US$4.15 per ounce,
and in May 2006 it had risen back as high as US$15.21 per
ounce. As of 2006, silver price have been dropping from the
May high of US$15.21 per ounce to a June low of US$9.60 per
ounce before rising back above US$12.00 per ounce by August.
In March 2008 silver reached US$21.34 per ounce.
Silver, like other precious
metals, widely used as an investment.
Invest in Silver.
Silver has been traded as
a commodity in international Commodity Exchanges.
Silver Trading
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Countries: |
Silver Companies List: |
|
Armenia
Argentina
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belgium
Belize
Benin
Bermuda
Bolivia
Brazil
Bulgaria
Cameroon
Canada
Central African Republic
Chad
Chile
China, People's Republic
Colombia
Costa Rica
Croatia
Cuba
Cyprus
Czech Republic
Denmark
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Faeroe Islands
Fiji
Finland
France
French Guiana
French Polynesia
Gambia
Georgia
Germany
Ghana
Gibraltar
Greece
Greenland
Grenada
Guadeloupe
Guatemala
Haiti
Honduras
Hungary
Iceland
India
Indonesia
Ireland
Israel
Italy
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Korea
Kuwait
Kyrgystan
Latvia
Lebanon
Liberia
Liechtenstein
Lithuania
Luxembourg
Madagascar
Malaysia
Maldives
Mali
Malta
Martinique
Mauritius
Mexico
Moldova
Monaco
Mongolia
Morocco
Nepal
Netherlands
Netherlands Antilles
New Zealand
Nicaragua
Norway
Oman
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Puerto Rico
Qatar
Romania
Russia
San Marino
Saudi Arabia
Singapore
Slovakia
Slovenia
Somalia
South Africa
Spain
Sri Lanka
Suriname
Sweden
Switzerland
Syria
Taiwan
Tajikistan
Tanzania
Thailand
Togo
Tunisia
Turkey
Turkmenistan
Ukraine
United Arab Emirates
United Kingdom / UK / England
United States / USA
Uruguay
Uzbekistan
Venezuela
Vietnam |
|
The average silver
ratio
Annual average price
of silver in US dollars.
| Year |
Silver price (yearly
avg.)
US$/oz
|
Gold price (yearly
avg.)
US$/oz
|
Gold/silver
ratio
|
| 1840 |
1.296 |
20.65 |
15.93 |
| 1850 |
1.292 |
20.65 |
15.98 |
| 1860 |
1.292 |
20.65 |
15.98 |
| 1870 |
1.430 |
20.65 |
14.44 |
| 1880 |
1.116 |
20.66 |
18.51 |
| 1890 |
1.056 |
20.66 |
19.56 |
| 1900 |
0.648 |
20.68 |
31.91 |
| 1910 |
0.553 |
20.64 |
37.32 |
| 1920 |
0.655 |
20.68 |
31.57 |
| 1930 |
0.330 |
20.65 |
62.58 |
| 1940 |
0.348 |
33.85 |
97.27 |
| 1950 |
0.800 |
34.72 |
43.4 |
| 1960 |
0.914 |
35.27 |
38.59 |
| 1970 |
1.635 |
35.94 |
21.98 |
| 1980 |
16.393 |
612.56 |
37.37 |
| 1990 |
4.068 |
383.51 |
94.27 |
| 1991 |
3.909 |
362.11 |
92.63 |
| 1992 |
3.710 |
343.82 |
92.67 |
| 1993 |
4.968 |
359.77 |
72.42 |
| 1994 |
4.769 |
384.00 |
80.52 |
| 1995 |
5.148 |
384.17 |
74.63 |
| 1996 |
4.730 |
387.77 |
81.98 |
| 1997 |
5.945 |
330.98 |
55.67 |
| 1998 |
5.549 |
294.24 |
53.03 |
| 1999 |
5.218 |
278.88 |
53.45 |
| 2000 |
4.9506 |
279.11 |
56.38 |
| 2001 |
4.3702 |
271.04 |
62.02 |
| 2002 |
4.5995 |
309.73 |
67.34 |
| 2003 |
4.8758 |
363.38 |
74.53 |
| 2004 |
6.6711 |
409.72 |
61.42 |
| 2005 |
7.3164 |
444.74 |
60.79 |
| 2006 |
11.5452 |
603.46 |
52.27 |
| 2007 |
13.3836 |
695.39 |
51.96 |
| 2008 |
14.9891 |
871.96 |
58.17 |
| 2009 |
14.0200 |
970.00 |
69.19 |
Silver and its value as a
precious metal was long considered second to gold.
Silver price is about 1/50th the
price of gold, and approximately 70 times more valuable than
copper.
The rise in silver prices
corresponded to investment interest in the silver exchange.
Exports of silver rose dramatically in 2006 owing to movement of
physical silver to the ETF inventory agency in London, United
Kingdom. The inventories at the end of 2006 were 3,330 tons of
silver and by the end of October 2007 were 4,200 tons.
The demand for silver continued to rise for fabrication and
industrial applications.
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Search for more in the
database
Subjects keywords:
Silver, Silver Commodity,
Silver Price, Silver Exchange, Gold/silver ratio, Silver
investments. All information about silver.
SILVER TRADE |
