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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 4,027 4,018
EUR 1/2oz 15,55g 8,053 8,037
EUR 1oz 31,10g 16,106 16,074
EUR 2oz 62,20g 32,212 32,148
EUR 5oz 155,51g 80,530 80,369
EUR 10oz 311,04g 161,060 160,739
EUR 12oz 373,24g 193,272 192,887
EUR 20oz 622,07g 322,121 321,478
EUR 25oz 777,59g 402,651 401,847
EUR 1,0g 0,518 0,517
EUR 2,0g 1,036 1,034
EUR 5,0g 2,589 2,584
EUR 10,0g 5,178 5,168
EUR 20,0g 10,356 10,336
EUR 25,0g 12,946 12,920
EUR 50,0g 25,891 25,839
EUR 100,0g 51,782 51,679
EUR 200,0g 103,564 103,357
EUR 250,0g 129,455 129,197
EUR 500,0g 258,911 258,394
EUR 1kg 517,821 516,787
EUR 2kg 1.035,642 1.033,574
EUR 5kg 2.589,105 2.583,935
04/26/2017 04:07:07
No responsibility is taken for the correctness of this information!
Actual Silver Price in US-Dollar Ask Bid
USD 1/4oz 7,78g 4,405 4,395
USD 1/2oz 15,55g 8,810 8,790
USD 1oz 31,10g 17,620 17,580
USD 2oz 62,20g 35,240 35,160
USD 5oz 155,51g 88,100 87,900
USD 10oz 311,04g 176,200 175,800
USD 12oz 373,24g 211,440 210,960
USD 20oz 622,07g 352,400 351,600
USD 25oz 777,59g 440,500 439,500
USD 1,0g 0,566 0,565
USD 2,0g 1,133 1,130
USD 5,0g 2,832 2,826
USD 10,0g 5,665 5,652
USD 20,0g 11,330 11,304
USD 25,0g 14,162 14,130
USD 50,0g 28,325 28,261
USD 100,0g 56,650 56,521
USD 200,0g 113,299 113,042
USD 250,0g 141,624 141,303
USD 500,0g 283,248 282,605
USD 1kg 566,496 565,210
USD 2kg 1.132,992 1.130,420
USD 5kg 2.832,480 2.826,050
04/26/2017 04:07:07
No responsibility is taken for the correctness of this information!
Actual Silver Price in British Pound Ask Bid
GBP 1/4oz 7,78g 3,430 3,423
GBP 1/2oz 15,55g 6,860 6,846
GBP 1oz 31,10g 13,720 13,692
GBP 2oz 62,20g 27,439 27,383
GBP 5oz 155,51g 68,598 68,458
GBP 10oz 311,04g 137,195 136,916
GBP 12oz 373,24g 164,634 164,299
GBP 20oz 622,07g 274,391 273,832
GBP 25oz 777,59g 342,988 342,290
GBP 1,0g 0,441 0,440
GBP 2,0g 0,882 0,880
GBP 5,0g 2,205 2,201
GBP 10,0g 4,411 4,402
GBP 20,0g 8,822 8,804
GBP 25,0g 11,027 11,005
GBP 50,0g 22,055 22,010
GBP 100,0g 44,109 44,020
GBP 200,0g 88,219 88,039
GBP 250,0g 110,273 110,049
GBP 500,0g 220,547 220,098
GBP 1kg 441,093 440,195
GBP 2kg 882,186 880,390
GBP 5kg 2.205,465 2.200,975
04/26/2017 04:07:07
No responsibility is taken for the correctness of this information!
Actual Silver Price in Swiss Franc Ask Bid
CHF 1/4oz 7,78g 4,372 4,361
CHF 1/2oz 15,55g 8,745 8,722
CHF 1oz 31,10g 17,490 17,445
CHF 2oz 62,20g 34,979 34,889
CHF 5oz 155,51g 87,448 87,223
CHF 10oz 311,04g 174,896 174,446
CHF 12oz 373,24g 209,875 209,336
CHF 20oz 622,07g 349,792 348,893
CHF 25oz 777,59g 437,240 436,116
CHF 1,0g 0,562 0,561
CHF 2,0g 1,125 1,122
CHF 5,0g 2,812 2,804
CHF 10,0g 5,623 5,609
CHF 20,0g 11,246 11,217
CHF 25,0g 14,058 14,021
CHF 50,0g 28,115 28,043
CHF 100,0g 56,230 56,086
CHF 200,0g 112,461 112,172
CHF 250,0g 140,576 140,215
CHF 500,0g 281,152 280,429
CHF 1kg 562,304 560,858
CHF 2kg 1.124,608 1.121,716
CHF 5kg 2.811,520 2.804,290
04/26/2017 04:07:07
No responsibility is taken for the correctness of this information!
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