The Price & Value of Silver
Money, Economy, Investment: A Brief Economic History of Silver

Historically, silver has been used as a tangible commodity dating back as far as the ancient Egyptians and even the Sumerian Empire. Modern technological advances have increased the actual industrial demand for silver, yet the actual monetary value of silver has been in steady decline since the 1500's. Today, the demand for silver may be categorized: 30% for photography, 30% for Jewelry, and 40% for industrial uses. Silver pricing for investment is measured per troy ounce. This document is designed to briefly highlight the history of silver as a commodity.

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Economic History: The Value of Silver

		Price History and Current Value of Silver
		July 18 2003 - $4.71 + 0.05 ( begin tracking silver price ) September 25 2003 - $5.20 + 0.49 ( from initial July silver value ) November 25 - $5.28 + 0.57 ( from initial July silver value ) December 12 - $5.57 + 0.86 ( from initial July silver value ) September 5, 2004 - $6.52 +1.81 ( from initial July 2003 silver value ) September 16, 2006 - $10.72 ( reset tracking ) May 7, 2006 - $13.48 ( +$2.76 )

The Price of Silver: Six Centuries of History

• 1344 - Price of silver @ ~$400.00 per ounce

• 1477 - Silver value reaches ~$806.00 per ounce ( all time high )

• 1545 - Potosl mines open in North America ( silver value begins a gradual decline )

• 1780's - Silver value falls below $100.00 per ounce

• 1890's - Silver prices fall below $50.00 per ounce

• 1980 - Price of silver @ $68.00 per ounce (Hunt Brothers attempt to corner silver market)

• 1998 - Silver valued @ $6.24 per ounce

• 2003 - $4.07 per ounce

- Pre 1998 Prices based on the value of the U.S. dollar, 1998, goldinfo.net

Noteworthy Events in History: Silver

Jan 16th - 2001 - Silver Use in Biocidal Applications Expected to Impact Precious Metals Market

Silver Consumption for Biocide Applications ( excluding water treatment use )

A report published by the Silver Institute cites a 600% increase in the demand of silver for biocidal applications.

CPM Silver Yearbook 2007 Summary

The CPM Silver Yearbook report concluded that net silver investment demand was about 60 million ounces for 2006. This upward trend is expected to continue to rise in 2007.

The yearbook cited that investment demand, primarily motivated by a need for protection against inflation, is strong in India, the Middle East, and the West. Part of this interest is due to increased participation in the commodity market's recent boom.

Silver supply is expected to increase 3% this year, to 520 million ounces.

The central bank in India has completed its sell off of about 60 million ounces of silver ( sold over the last few years ).

Warren Buffet sold 130 million ounces prior to the Silver ETF's purchase of about 130 million ounces.

The Silver Yearbook's conclusion was that silver prices are likely to continue to rise.

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Recommend this page Comments @ Silvermedicine.org This comments section ( by law ) may not be used to provide medical advice All posts requesting dosage or treatment advice will be deleted For anonymous comments, please use this email address: anon @ silvermedicine . org Leave a Comment Show:   Sort: Newest first Oldest first   1-15 of 17 Comments gambalero – point pleasant, WV January 29, 2010 - 16:11 Subject: Silver brazing wire I recently found a fairly large amount of siver brazing wire. The containers state that the wire is 50% silver. Would I need to extract the silver from the alloy to sell it , or could I just sell it by dividing the total weight in half? Could the wire be worth more than the scrap silver since it is brand new and in unopened containers? yo yo January 09, 2010 - 10:26 Subject: Not what I needed I want the price of silver per ounce. Now a days, silver costs much more than that! Someone update this website, please! And quickly! Reply to yo yo Admin – Las Vegas January 09, 2010 - 10:50 Subject: Re: Not what I needed The current up to date price of silver is always displayed on the chart at the top of the page... Reply to yo yo Marie Stouwie January 10, 2010 - 18:29 Subject: Re: Not what I needed I have troy silver bars I would like to sell. Can you please tell me what is the going price for troy ounce? Thank you. Reply to yo yo Michael January 23, 2010 - 16:57 Subject: Re: Not what I needed as of 21 Jan 2010, the price is 17.37 Dave January 04, 2010 - 13:13 Subject: silver certificates I was wondering if I were to try to redeem 1934 silver dollars for the 1934 silver value what that would be in 2010 dollars? Also where and how would I do this? Adam – Washington State November 11, 2009 - 19:26 Subject: Silver prices Its really easy to figure out how much your silver is worth, goto money.cnn.com , and look down the page to the precious metals and it has up to date accurate to the hour amount of the price. Id recommend anyone that is thinking about investing in this market Id suggest silver, not to long ago it was 12.oo to the oz. and its currently at 17.65 and that price is still going up. Hope this helps Jaron – Mesquite, TX September 09, 2009 - 11:17 Subject: how much is my silver worth i have around 50 lbs. of silver and wanted to see the value of it as a whole alot of my pieces are old some are from salem some are from southfork they where made in 1855 Reply to Jaron larry – louisville kentucky September 09, 2009 - 14:27 Subject: Re: how much is my silver worth do you want to sell your silver Art July 27, 2009 - 14:03 Subject: today's value - 50 shekels of silver I am surfing the net to ascertain today's value to 50 shekels of silver? Help anyone. Thanks Angelscry2 April 21, 2009 - 19:03 Subject: What Is It Worth I have 5lbs of silver what is it worth with the economy the way it is today? I am looking to sell as well so also need to know whom I can trust to get the best possible deal? laura – melb vic March 18, 2009 - 02:52 Subject: how much is an ounce of silver worth aus dollars 2009 please tell me cheers Reply to laura J.A. Greeling – Virginia March 18, 2009 - 12:49 Subject: March 2009 Silver Prices How much is one ounce ofSilver going for today? Reply to laura anthea davis – arkansas May 27, 2009 - 12:40 Subject: what is 1 oz of silver worth 2009 Silvermedicine.org Admin – Las Vegas, NV December 06, 2008 - 11:48 Subject: Silver Bullion, Bulk Silver Sales Hi Elicia: I'm assuming that you own silver bullion ( silver bars ), and need to liquidate them? Check with someone such as http://www.apmex.com/. Please keep in mind that we are not professional traders. Leave a Comment * Your name * Your email address (will not be published) Your website Your location Remember me ? Subscribe: No All comments ? Replies to my comment ? ? Subject: Enter the two words Enter the numbers you hear Incorrect please try again Powered by TalkBack 1

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