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Silver Price

The Price Of Silver: Confidence Is Appropriate

Anyone who’s looked at a silver price chart in the past ten years can quickly spot two important facts:

  1. Silver offers yield-seeking investors enormous odds.
  2. The evolution of silver is characterized by sometimes drastic setbacks in the share price.

How do you explain this overall development in the price of silver? Which factors are the most decisive for the price of silver? What kinds of speculations and manipulations take place?

Fiat Money And Precious Metals - Fiction vs. Reality

The rising price of silver in Euros and U.S. Dollars is primarily due to a simple and well-established fact: the money supply in the U.S. and the Euro zone is expanding. Europeans - unlike Americans - at least know the Geldmengenzwachs exactly. From January 2000 to January 2012, the total amount of money the European Central Bank (M3) increased from 4,715 billion to 9,759 billion Euros: an increase of 106%. However in the United States the announcement of the money supply in 2006 was adjusted so there are no longer official figures. When the money supply cannot keep up with economic growth, the value of that currency inevitably decreases.

Question: How can you accurately measure the reserve currency, the U.S. dollar and other major currencies such as the euro, yen and British pound when they all suffer from the same development?
Answer: Gold and silver are two precious metals that have been used for thousands of years to reflect the value of goods.

Unlike so-called fiat money (that can be multiplied at will, and whose value can be represented today officially only in other fiat money), the amount is limited to precious metals available at any time to a specific maximum. The price of gold and silver is therefore largely nothing more than currency devaluation viewed from a reasonable base.

Industrial uses of silver

The question remains as to why the development of the price of silver is so erratic. One factor is the importance of silver as an industrially valuable precious metal. In the wake of the 2007/2008 financial crisis, all major economies (excluding China) slipped into a recession that affected the silver price significantly because the economic demand was lacking. However, the slump in the silver price (from about $20 to below $10 in 2008) cannot be explained solely by lack of industrial demand. Silver was and is an important object of speculation and manipulation in which profits can be generated either by rising or falling prices.

Actual Silver Price in Euro Ask Bid
EUR 1/4oz 7,78g 4,007 3,999
EUR 1/2oz 15,55g 8,014 7,997
EUR 1oz 31,10g 16,028 15,995
EUR 2oz 62,20g 32,056 31,990
EUR 5oz 155,51g 80,139 79,975
EUR 10oz 311,04g 160,279 159,950
EUR 12oz 373,24g 192,334 191,939
EUR 20oz 622,07g 320,557 319,899
EUR 25oz 777,59g 400,696 399,874
EUR 1,0g 0,515 0,514
EUR 2,0g 1,031 1,029
EUR 5,0g 2,577 2,571
EUR 10,0g 5,153 5,143
EUR 20,0g 10,306 10,285
EUR 25,0g 12,883 12,856
EUR 50,0g 25,765 25,713
EUR 100,0g 51,531 51,425
EUR 200,0g 103,062 102,850
EUR 250,0g 128,827 128,563
EUR 500,0g 257,654 257,125
EUR 1kg 515,308 514,250
EUR 2kg 1.030,616 1.028,500
EUR 5kg 2.576,540 2.571,250
01/18/2017 09:09:06
No responsibility is taken for the correctness of this information!
Actual Silver Price in US-Dollar Ask Bid
USD 1/4oz 7,78g 4,286 4,276
USD 1/2oz 15,55g 8,573 8,553
USD 1oz 31,10g 17,145 17,105
USD 2oz 62,20g 34,290 34,210
USD 5oz 155,51g 85,725 85,525
USD 10oz 311,04g 171,450 171,050
USD 12oz 373,24g 205,740 205,260
USD 20oz 622,07g 342,900 342,100
USD 25oz 777,59g 428,625 427,625
USD 1,0g 0,551 0,550
USD 2,0g 1,102 1,100
USD 5,0g 2,756 2,750
USD 10,0g 5,512 5,499
USD 20,0g 11,025 10,999
USD 25,0g 13,781 13,748
USD 50,0g 27,561 27,497
USD 100,0g 55,123 54,994
USD 200,0g 110,245 109,988
USD 250,0g 137,806 137,485
USD 500,0g 275,613 274,970
USD 1kg 551,225 549,939
USD 2kg 1.102,450 1.099,878
USD 5kg 2.756,125 2.749,695
01/18/2017 09:09:06
No responsibility is taken for the correctness of this information!
Actual Silver Price in British Pound Ask Bid
GBP 1/4oz 7,78g 3,475 3,468
GBP 1/2oz 15,55g 6,950 6,935
GBP 1oz 31,10g 13,899 13,870
GBP 2oz 62,20g 27,799 27,741
GBP 5oz 155,51g 69,497 69,352
GBP 10oz 311,04g 138,995 138,704
GBP 12oz 373,24g 166,794 166,445
GBP 20oz 622,07g 277,989 277,408
GBP 25oz 777,59g 347,487 346,760
GBP 1,0g 0,447 0,446
GBP 2,0g 0,894 0,892
GBP 5,0g 2,234 2,230
GBP 10,0g 4,469 4,459
GBP 20,0g 8,938 8,919
GBP 25,0g 11,172 11,149
GBP 50,0g 22,344 22,297
GBP 100,0g 44,688 44,594
GBP 200,0g 89,376 89,189
GBP 250,0g 111,720 111,486
GBP 500,0g 223,439 222,972
GBP 1kg 446,878 445,944
GBP 2kg 893,756 891,888
GBP 5kg 2.234,390 2.229,720
01/18/2017 09:09:06
No responsibility is taken for the correctness of this information!
Actual Silver Price in Swiss Franc Ask Bid
CHF 1/4oz 7,78g 4,299 4,288
CHF 1/2oz 15,55g 8,598 8,576
CHF 1oz 31,10g 17,196 17,151
CHF 2oz 62,20g 34,393 34,302
CHF 5oz 155,51g 85,982 85,756
CHF 10oz 311,04g 171,964 171,512
CHF 12oz 373,24g 206,357 205,814
CHF 20oz 622,07g 343,929 343,024
CHF 25oz 777,59g 429,911 428,780
CHF 1,0g 0,553 0,551
CHF 2,0g 1,106 1,103
CHF 5,0g 2,764 2,757
CHF 10,0g 5,529 5,514
CHF 20,0g 11,058 11,028
CHF 25,0g 13,822 13,786
CHF 50,0g 27,644 27,571
CHF 100,0g 55,288 55,142
CHF 200,0g 110,576 110,285
CHF 250,0g 138,220 137,856
CHF 500,0g 276,439 275,712
CHF 1kg 552,878 551,423
CHF 2kg 1.105,756 1.102,846
CHF 5kg 2.764,390 2.757,115
01/18/2017 09:09:06
No responsibility is taken for the correctness of this information!
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