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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 3,971 3,963
EUR 1/2oz 15,55g 7,943 7,926
EUR 1oz 31,10g 15,886 15,853
EUR 2oz 62,20g 31,772 31,705
EUR 5oz 155,51g 79,430 79,264
EUR 10oz 311,04g 158,860 158,527
EUR 12oz 373,24g 190,631 190,233
EUR 20oz 622,07g 317,719 317,055
EUR 25oz 777,59g 397,149 396,318
EUR 1,0g 0,511 0,510
EUR 2,0g 1,021 1,019
EUR 5,0g 2,554 2,548
EUR 10,0g 5,107 5,097
EUR 20,0g 10,215 10,194
EUR 25,0g 12,769 12,742
EUR 50,0g 25,537 25,484
EUR 100,0g 51,075 50,968
EUR 200,0g 102,149 101,935
EUR 250,0g 127,686 127,419
EUR 500,0g 255,373 254,839
EUR 1kg 510,745 509,677
EUR 2kg 1.021,490 1.019,354
EUR 5kg 2.553,725 2.548,385
01/16/2017 18:12:58
No responsibility is taken for the correctness of this information!
Actual Silver Price in US-Dollar Ask Bid
USD 1/4oz 7,78g 4,214 4,204
USD 1/2oz 15,55g 8,428 8,408
USD 1oz 31,10g 16,855 16,815
USD 2oz 62,20g 33,710 33,630
USD 5oz 155,51g 84,275 84,075
USD 10oz 311,04g 168,550 168,150
USD 12oz 373,24g 202,260 201,780
USD 20oz 622,07g 337,100 336,300
USD 25oz 777,59g 421,375 420,375
USD 1,0g 0,542 0,541
USD 2,0g 1,084 1,081
USD 5,0g 2,710 2,703
USD 10,0g 5,419 5,406
USD 20,0g 10,838 10,812
USD 25,0g 13,548 13,515
USD 50,0g 27,095 27,031
USD 100,0g 54,190 54,062
USD 200,0g 108,380 108,123
USD 250,0g 135,475 135,154
USD 500,0g 270,951 270,308
USD 1kg 541,901 540,615
USD 2kg 1.083,802 1.081,230
USD 5kg 2.709,505 2.703,075
01/16/2017 18:12:58
No responsibility is taken for the correctness of this information!
Actual Silver Price in British Pound Ask Bid
GBP 1/4oz 7,78g 3,496 3,489
GBP 1/2oz 15,55g 6,993 6,978
GBP 1oz 31,10g 13,985 13,956
GBP 2oz 62,20g 27,970 27,911
GBP 5oz 155,51g 69,926 69,778
GBP 10oz 311,04g 139,852 139,555
GBP 12oz 373,24g 167,823 167,466
GBP 20oz 622,07g 279,705 279,110
GBP 25oz 777,59g 349,631 348,888
GBP 1,0g 0,450 0,449
GBP 2,0g 0,899 0,897
GBP 5,0g 2,248 2,243
GBP 10,0g 4,496 4,487
GBP 20,0g 8,993 8,974
GBP 25,0g 11,241 11,217
GBP 50,0g 22,482 22,434
GBP 100,0g 44,964 44,868
GBP 200,0g 89,927 89,736
GBP 250,0g 112,409 112,170
GBP 500,0g 224,818 224,340
GBP 1kg 449,636 448,680
GBP 2kg 899,272 897,360
GBP 5kg 2.248,180 2.243,400
01/16/2017 18:12:58
No responsibility is taken for the correctness of this information!
Actual Silver Price in Swiss Franc Ask Bid
CHF 1/4oz 7,78g 4,260 4,249
CHF 1/2oz 15,55g 8,520 8,497
CHF 1oz 31,10g 17,040 16,995
CHF 2oz 62,20g 34,081 33,990
CHF 5oz 155,51g 85,202 84,975
CHF 10oz 311,04g 170,404 169,949
CHF 12oz 373,24g 204,485 203,939
CHF 20oz 622,07g 340,808 339,898
CHF 25oz 777,59g 426,010 424,873
CHF 1,0g 0,548 0,546
CHF 2,0g 1,096 1,093
CHF 5,0g 2,739 2,732
CHF 10,0g 5,479 5,464
CHF 20,0g 10,957 10,928
CHF 25,0g 13,697 13,660
CHF 50,0g 27,393 27,320
CHF 100,0g 54,786 54,640
CHF 200,0g 109,572 109,280
CHF 250,0g 136,966 136,600
CHF 500,0g 273,931 273,200
CHF 1kg 547,862 546,399
CHF 2kg 1.095,724 1.092,798
CHF 5kg 2.739,310 2.731,995
01/16/2017 18:12:58
No responsibility is taken for the correctness of this information!
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