The highest gold and silver prices in US dollars (Federal Reserve note) are shown in the following two graphs, which cover the respective bull silver markets of the 70s and 21st century, respectively. The price of silver bullion fell sharply that day, as it had done before, and would do so again, but on Silver Thursday the commodity and futures markets panicked. See this fact reflected in the brief chart of the Gold and Silver Price Today below, which spans from the late 1920s to the Great Depression of the 1930s. In another example, analyzing historical gold and silver price data can also help investors identify areas of support that could be strong buying opportunities. Read on to see how historical silver prices have moved and what that means for both current silver prices and the price of white metal in the future.
The next price peaks for the four major precious metals occurred a few months apart in the first half of 1980 (gold and silver, followed by platinum and palladium, respectively). Before discovering what was the highest price of silver in history, it's worth analyzing how the precious metal is traded. Silver and other solid assets could maintain their value better or even increase in value as price pressures increase. Knowing the mechanics behind how it changes hands can be useful in understanding why and how its price changes day by day and beyond.
In addition, interactive charts can be used to examine historical silver prices per ounce or kilo and in numerous currencies besides the dollar. In the following historical chart of the price of silver in the U.S. In the US, you will see that the first price increase occurred during and just after the end of the American Civil War and price mania occurred in both silver and gold. The following 700-year chart of the gold-silver ratio uses historical English prices mixed with US dollar prices.
Silver has stood the test of time as a reliable repository of wealth and value, and the white metal is likely to continue to be sought after for its potential for price appreciation and its potential to provide significant hedge against numerous economic and geopolitical problems. Silver was the most expensive in the history of the United States at the end of January 1980 using real price inflation data.
