Featured on this page is an interactive silver price chart. This chart allows you to view silver prices on an intraday, daily, or even yearly basis, and you can see silver price history going back several decades.
Why Use Charts?
Whether you are a short-term silver trader or a long-term buyer of silver, price charts can be a useful tool in your investment strategy. Price charts can be used to try to identify trends in the price of silver, or to look for areas that may potentially present buying or selling opportunities.
One of the easiest ways to identify a trend in the price of silver-or any other market-is to look for a series of higher highs and lower lows for an uptrend. Seeing a pattern like this in prices may be indicative of buying pressure outweighing selling pressure, and could potentially lead to higher prices. A very simple strategy for trying to take advantage of an uptrend in price is to look for a pullback in prices before taking a long position or buying. In the case of a market that is trending lower, you could look to sell any rallies in price.
Although the identification of a market trend does not necessarily mean a trade or position may be profitable, it can potentially help stack the odds of a successful trade in your favor.
For long-term investors, the objective may be to buy silver on any price dips, or to dollar-cost average. Price charts may potentially help in this goal as well, as they provide a simple and easy to read visual representation of prices.
In addition to price trends, traders and investor may also utilize classic charting principles to assist with making buying or selling decisions. Classical chart patterns such as triangles, wedges, head and shoulders, double bottoms and more may all potentially be used to make buying or selling decisions.
Why are Silver Prices Always Changing?
Silver, like other markets, is driven by the laws of supply and demand. When demand exceeds supply, prices may rise. When supply exceeds demand, prices may fall. Unlike gold, which is purchased primarily for investment purposes and jewelry making, silver sees demand for both investment purposes as well as industrial purposes.
Silver has become more and more widely used in modern industry, and it may potentially see its possible applications continue to expand. The white metal is currently used in many different industrial arenas including but not limited to solar energy production, electrical switches, x-ray film, photography and chemical production.
As global technology becomes more advanced, the potential uses for silver are likely to keep expanding, and further industrial demand could potentially fuel a long-term rise in prices.
Silver, like gold, is also purchased for investment purposes. Silver has been considered a reliable store of wealth and value for centuries, and the metal can be used as a medium of exchange all over the world. Silver prices can potentially be affected by many different factors in addition to industrial demand including currency market activity, interest rates, monetary policy and inflation.
In addition to its potential for price appreciation, silver may also potentially act as a meaningful hedge against numerous economic and geopolitical issues. Like gold, silver may potentially provide a hedge against declining paper currency values. Fiat currencies have a tendency to lose value over time, and silver may potentially hold its value better, thus possibly preserving purchasing power.
Due to its extended history as a medium of exchange and store of value, silver may also potentially be bought during periods of economic or geopolitical turmoil. Silver is considered to be a safe-haven asset, and investors may potentially flock to it during such periods. Unlike other asset classes like stocks or bonds, silver carries no counterparty risk and thus may provide a degree of comfort for investors. Silver cannot go bankrupt or default on its obligations, and it is widely recognized and traded all over the globe.
Silver price charts are available on many online sites and are easily accessible. You can follow the price of silver using these charts in prices per ounce or kilogram, and can also choose what currency you want to see silver prices quoted in. Silver is typically denominated in U.S. Dollars per ounce, however, and this is how prices are usually quoted.