Price of Silver





The price

of silver varies every second of every day. The price of silver can determine

many things. The price of silver can determine how much you get paid for your

pre-1964 silver coins. The price of silver can determine how much money you

will get for your 1oz silver rounds. The price of silver can also determine

how much money you will get paid for your silver jewelry. The price of silver

has varied from 1/15 of gold price all the way to 1/100 of gold price. The price

of silver is always displayed in the price of silver per troy ounce. The price

of silver rose to a peak of $49.45 per troy ounce in 1980. The reason the price

of silver went so high at this time was due to market manipulation by the hunt

brothers.



Adjusted

for inflation, the price of silver in 1980 would have been approximately $140

per troy ounce in today's dollars. Shortly after this happened, the price of

silver dropped below $10 per troy ounce. The price of silver varied wildly in

the 2000's. The price of silver moved from $4.37 per troy ounce to $20.19 per

troy ounce in the period of 2001 to 2010. In 2011 the price of silver began

to skyrocket, due to increased demand by investors. The reason for this was

partially due to the fact that the price of silver was still much cheaper than

the price of gold, and was thus easier to invest in. Because of this, in April

2011 the price of silver hit a new all time high of $ 49.76 per troy ounce.

Immediately after this, the price of silver dropped to the mid $30 per ounce

price. In early 2013 the price of silver took another major drop, this time

to the low $20 per ounce price. The reason the price of silver dropped was due

to the strengthening of the US dollar and the economy recovering. The price

of silver also seemed to have dropped once the stock market started making huge

gains.



Many centuries

ago, the price of silver was much higher. In the early 1400's, the price of

silver reached an equivalent of $1200 per troy ounce today. Once massive deposits

of silver were found in the new world, the price of silver dropped accordingly.

The price of silver is important to Judiac law, due to the fact that silver

is used to pay a priest on the first birthday for a Jewish families' first born

son.



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