Silver Prices: Will it hit $100 an Ounce?

Silver Price Today: Will it hit $100 an Ounce?

Silver is one of the world’s most popular precious metals to invest in, only second to gold. Investing in precious metals such as silver allows investors to protect their wealth through difficult times, like crashes in the market or inflation. That being said, silver prices are constantly changing, with different factors in the market affecting these ups and downs in silver prices. Many financial experts believe that as the demand for silver increases, silver prices will follow through, becoming more and more expensive. It is incredibly likely that silver prices will eventually reach an all-time high. 

Silver Price History and Current Prices

Our Live Silver Price Chart make it quick and easy for keeping up-to-date with every day’s silver price. Our charts display the current silver prices, along with recent trends, and silver prices throughout the years. When analyzing and comparing silver prices throughout the years, we are able to observe the slow and gradual increase in these prices. As a matter of fact, in the past five years, silver prices have increased by over 30%. As we slowly emerge from the pandemic, silver prices per ounce have been steady. With these sudden changes in the economy, that may not be the case in the near future. 

Highest Silver Price

Silver reached its all-time high on January 21, 1980, with a price of $52.50 per ounce. Due to inflation, that would amount to approximately $165 per ounce in today’s dollars. This sudden spike in silver prices caused a major crash, best known as “Silver Thursday”. Although silver prices today seem far from that all-time high, it has the potential to sky-rocket in the upcoming years. 

Factors that could impact Silver Prices

Many factors could be responsible for Silver reaching this all-time high in the near future. 

The first predicted factor could be uncertainty in the stock market. Unlike regular assets, precious metals aren’t typically correlated with the stock market. However, when observing precious metal prices throughout history, precious metal prices typically rose as equity values sank. 

Another factor to take into consideration is silver’s price in comparison with gold prices. The silver to gold ratio is calculated by dividing the current gold price by the silver price. Although silver is comparatively much cheaper, throughout history, the silver to gold ratio has fluctuated greatly. 

Furthermore, another factor which could impact silver prices in the near future is the increasing demand for green energy and electronics. Not only is silver used as an investment, but it is also used in many important green initiatives, such as renewable energy, solar power, and much more. With our global warming crisis becoming more and more alarming as the years go by, the demand for these green initiatives increases further. 

Without a doubt, rising inflation all around the world, especially in the US, is one of the biggest factors for increasing silver prices. Throughout history, the inflation crisis in the US has caused a rapid and incredible increase in silver prices. 

Moreover, struggling with the silver mining supply could cause a tremendous increase in silver prices in the near future. The rarer the precious metal is, the more valuable it’ll become. Additionally, the pandemic caused a massive decrease in silver production, despite the continuous rise in demand for the precious metal.

How long until $100 an ounce?

Although it may seem unbelievable now, it is highly probable that silver could hit $100 an ounce in the near future. When observing these trends, factors, and global events, silver will definitely have a gradual price increase in the upcoming years. Economists believe we may see these prices in approximately 10 years, give or take.

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