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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 4,085 4,077
EUR 1/2oz 15,55g 8,170 8,153
EUR 1oz 31,10g 16,339 16,306
EUR 2oz 62,20g 32,678 32,613
EUR 5oz 155,51g 81,695 81,532
EUR 10oz 311,04g 163,390 163,065
EUR 12oz 373,24g 196,068 195,678
EUR 20oz 622,07g 326,780 326,129
EUR 25oz 777,59g 408,476 407,662
EUR 1,0g 0,525 0,524
EUR 2,0g 1,051 1,049
EUR 5,0g 2,627 2,621
EUR 10,0g 5,253 5,243
EUR 20,0g 10,506 10,485
EUR 25,0g 13,133 13,107
EUR 50,0g 26,266 26,213
EUR 100,0g 52,531 52,427
EUR 200,0g 105,062 104,853
EUR 250,0g 131,328 131,066
EUR 500,0g 262,656 262,133
EUR 1kg 525,312 524,265
EUR 2kg 1.050,624 1.048,530
EUR 5kg 2.626,560 2.621,325
03/23/2017 15:12:27
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
03/23/2017 15:12:27
No responsibility is taken for the correctness of this information!
Actual Silver Price in British Pound Ask Bid
GBP 1/4oz 7,78g 3,520 3,513
GBP 1/2oz 15,55g 7,040 7,026
GBP 1oz 31,10g 14,080 14,052
GBP 2oz 62,20g 28,160 28,103
GBP 5oz 155,51g 70,401 70,258
GBP 10oz 311,04g 140,802 140,516
GBP 12oz 373,24g 168,963 168,620
GBP 20oz 622,07g 281,605 281,033
GBP 25oz 777,59g 352,006 351,291
GBP 1,0g 0,453 0,452
GBP 2,0g 0,905 0,904
GBP 5,0g 2,263 2,259
GBP 10,0g 4,527 4,518
GBP 20,0g 9,054 9,035
GBP 25,0g 11,317 11,294
GBP 50,0g 22,635 22,589
GBP 100,0g 45,269 45,177
GBP 200,0g 90,538 90,354
GBP 250,0g 113,173 112,943
GBP 500,0g 226,345 225,886
GBP 1kg 452,690 451,771
GBP 2kg 905,380 903,542
GBP 5kg 2.263,450 2.258,855
03/23/2017 15:12:27
No responsibility is taken for the correctness of this information!
Actual Silver Price in Swiss Franc Ask Bid
CHF 1/4oz 7,78g 4,373 4,362
CHF 1/2oz 15,55g 8,747 8,724
CHF 1oz 31,10g 17,493 17,448
CHF 2oz 62,20g 34,986 34,896
CHF 5oz 155,51g 87,466 87,241
CHF 10oz 311,04g 174,931 174,482
CHF 12oz 373,24g 209,918 209,378
CHF 20oz 622,07g 349,863 348,963
CHF 25oz 777,59g 437,328 436,204
CHF 1,0g 0,562 0,561
CHF 2,0g 1,125 1,122
CHF 5,0g 2,812 2,805
CHF 10,0g 5,624 5,610
CHF 20,0g 11,248 11,219
CHF 25,0g 14,060 14,024
CHF 50,0g 28,121 28,049
CHF 100,0g 56,242 56,097
CHF 200,0g 112,483 112,194
CHF 250,0g 140,604 140,243
CHF 500,0g 281,209 280,486
CHF 1kg 562,417 560,971
CHF 2kg 1.124,834 1.121,942
CHF 5kg 2.812,085 2.804,855
03/23/2017 15:12:27
No responsibility is taken for the correctness of this information!
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