The current price of silver as of August 05,
2019 is $16.39 per ounce.
Average Closing Price
2019 $15.33
2018 $15.71
2017 $17.07
2016 $17.17
2015 $15.66
2014
$19.07
2013
$23.79
2012
$31.51
2011
$35.12
2010 $20.19
2009
$14.67
2008
$14.99
2007
$13.38
2006
$11.55
2005
$7.31
2004
$6.66
2003
$4.88
2002
$4.60
2001
$4.37
2000
$4.95
1999
$5.22
1998
$5.54
1997
$4.90
1996
$5.20
1995
$5.20
1994
$5.29
1993 $4.31
1992
$3.95
1991
$4.06
1990
$4.83
1989
$5.50
1988
$6.53
1987
$7.02
1986
$5.47
1985
$6.13
1984
$8.15
1983
$11.42
1982
$7.92
1980
$20.98
1979
$11.07
1978
$5.42
1977
$4.64
1976
$4.35
1975
$4.43
1974
$4.67
1973
$2.55
1972
$1.68
1971
$1.54
1970
$1.77
Silver prices rose during economic crises. It
doubled in reaction to high inflation in 1979 and settled back in 1985.
It rose in 2006 due to strong industrial demand
in electronics manufacturing.
It jumped again in 2009 in reaction to the 2008
mortgage meltdown and the stock market crash.
Silver price behavior is largely based on
supply and demand, but the use of silver as a currency or investment hedge in a
crisis can make it erratic.
Norb
Leahy, Dunwoody GA Tea Party Leader
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