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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 4,241 4,233
EUR 1/2oz 15,55g 8,482 8,466
EUR 1oz 31,10g 16,965 16,932
EUR 2oz 62,20g 33,930 33,864
EUR 5oz 155,51g 84,825 84,660
EUR 10oz 311,04g 169,650 169,321
EUR 12oz 373,24g 203,580 203,185
EUR 20oz 622,07g 339,299 338,641
EUR 25oz 777,59g 424,124 423,302
EUR 1,0g 0,545 0,544
EUR 2,0g 1,091 1,089
EUR 5,0g 2,727 2,722
EUR 10,0g 5,454 5,444
EUR 20,0g 10,909 10,888
EUR 25,0g 13,636 13,609
EUR 50,0g 27,272 27,219
EUR 100,0g 54,544 54,438
EUR 200,0g 109,087 108,876
EUR 250,0g 136,359 136,095
EUR 500,0g 272,718 272,190
EUR 1kg 545,436 544,379
EUR 2kg 1.090,872 1.088,758
EUR 5kg 2.727,180 2.721,895
02/19/2017 21:59:45
No responsibility is taken for the correctness of this information!
Actual Silver Price in US-Dollar Ask Bid
USD 1/4oz 7,78g 4,503 4,493
USD 1/2oz 15,55g 9,005 8,985
USD 1oz 31,10g 18,010 17,970
USD 2oz 62,20g 36,020 35,940
USD 5oz 155,51g 90,050 89,850
USD 10oz 311,04g 180,100 179,700
USD 12oz 373,24g 216,120 215,640
USD 20oz 622,07g 360,200 359,400
USD 25oz 777,59g 450,250 449,250
USD 1,0g 0,579 0,578
USD 2,0g 1,158 1,155
USD 5,0g 2,895 2,889
USD 10,0g 5,790 5,777
USD 20,0g 11,581 11,555
USD 25,0g 14,476 14,444
USD 50,0g 28,952 28,887
USD 100,0g 57,904 57,775
USD 200,0g 115,807 115,550
USD 250,0g 144,759 144,437
USD 500,0g 289,518 288,875
USD 1kg 579,035 577,749
USD 2kg 1.158,070 1.155,498
USD 5kg 2.895,175 2.888,745
02/19/2017 21:59:45
No responsibility is taken for the correctness of this information!
Actual Silver Price in British Pound Ask Bid
GBP 1/4oz 7,78g 3,628 3,621
GBP 1/2oz 15,55g 7,256 7,241
GBP 1oz 31,10g 14,511 14,483
GBP 2oz 62,20g 29,023 28,965
GBP 5oz 155,51g 72,557 72,413
GBP 10oz 311,04g 145,113 144,826
GBP 12oz 373,24g 174,136 173,791
GBP 20oz 622,07g 290,226 289,652
GBP 25oz 777,59g 362,783 362,065
GBP 1,0g 0,467 0,466
GBP 2,0g 0,933 0,931
GBP 5,0g 2,333 2,328
GBP 10,0g 4,666 4,656
GBP 20,0g 9,331 9,313
GBP 25,0g 11,664 11,641
GBP 50,0g 23,328 23,281
GBP 100,0g 46,655 46,563
GBP 200,0g 93,310 93,125
GBP 250,0g 116,638 116,407
GBP 500,0g 233,275 232,813
GBP 1kg 466,550 465,626
GBP 2kg 933,100 931,252
GBP 5kg 2.332,750 2.328,130
02/19/2017 21:59:45
No responsibility is taken for the correctness of this information!
Actual Silver Price in Swiss Franc Ask Bid
CHF 1/4oz 7,78g 4,516 4,503
CHF 1/2oz 15,55g 9,031 9,007
CHF 1oz 31,10g 18,062 18,013
CHF 2oz 62,20g 36,124 36,026
CHF 5oz 155,51g 90,311 90,066
CHF 10oz 311,04g 180,622 180,131
CHF 12oz 373,24g 216,747 216,158
CHF 20oz 622,07g 361,245 360,263
CHF 25oz 777,59g 451,556 450,328
CHF 1,0g 0,581 0,579
CHF 2,0g 1,161 1,158
CHF 5,0g 2,904 2,896
CHF 10,0g 5,807 5,791
CHF 20,0g 11,614 11,583
CHF 25,0g 14,518 14,478
CHF 50,0g 29,036 28,957
CHF 100,0g 58,071 57,914
CHF 200,0g 116,143 115,827
CHF 250,0g 145,179 144,784
CHF 500,0g 290,357 289,568
CHF 1kg 580,714 579,136
CHF 2kg 1.161,428 1.158,272
CHF 5kg 2.903,570 2.895,680
02/19/2017 21:59:45
No responsibility is taken for the correctness of this information!
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