Report post
Since that time, silver has recovered some ground and has essentially been range bound from about $16 per ounce to $20 per ounce. Silver, like gold, has been considered a reliable store of wealth and value for centuries. The metal has been used as a medium of exchange in many societies, and carries the same reputation for reliability to this day.
2008 saw the price of silver basically double to about $20 per ounce. This may potentially have been due to the breaking financial crises of 2008/2009 that saw the global banking system nearly collapse.
Silver is a dollar denominated commodity and its value is usually expressed as U.S. Dollars per ounce. You can also easily access silver prices in U.S. Dollars per kilogram. The prices that are quoted are known as the spot silver price. The spot silver price is derived from futures contracts traded on an exchange such as COMEX.

The World's Leading Crypto Trading Platform

Get my welcome gifts