Silver's value has been steadily increasing over the last few times as it grows into a sought-after commodity. Recently, silver is expected to hit $100 per ounce, with the price climbing to six-year highs on the New York Mercantile Exchange. This makes it an appealing investment option for investors. What's the outlook of silver? Will it keep rising? This article we'll examine the elements that will determine Silver's price. We will also look at how you can buy silver now, and what you should be looking out for.
The cost of silver has been increasing in recent years. There are plenty of silver-related companies that are investing in the shiny metal as they believe the price will continue to increase in the future. If you look at its history you will see that it has been on the rise for a long time. In fact, in 1980 silver was worth around $4.50 per ounce. However, it was too low for a majority of people. In 1982, the cost of silver rose to $35. This was a significant rise over the $4.50 an ounce cost. Then in 2011, the price of silver hit an all-time high of $48. Since then, the price has fallen. This is due to the rising value of the dollar. But, the cost of silver remains in the process of increasing. It is expected that it will increase to about will silver hit 0 an ounce.
Silver's future is going to be fascinating to follow in the coming months. A large portion of the silver price forecast is based on the notion that there is a chance that Federal Reserve is going to increase interest rates. This will cause the dollar weaken in value. If the dollar is weaker and silver prices rise, it is likely that they will increase. However, there is plenty of uncertainty about this. The dollar may strengthen, and silver prices could plummet. If there is a chance that Federal Reserve does raise rates it is expected that silver prices will rise in value. In the end, this silver price forecast is a quite interesting one. It is difficult to predict what will happen with the cost of gold in the near future.
Silver was trading at an average cost of $15 per ounce during December of 2015. The price has steadily increased, and by the beginning of 2017, the price was up to around $17 per ounce. According to the latest trends the forecast is that silver will reach $100 an ounce at the end of 2017.
Silver is a vital investment option for investors. There are many different elements that affect pricing of the silver, and it is difficult to predict how it will move. If you're interested in understanding how to calculate the silver price forecast and how it will affect your investment, look into a subscription to the Silver Return Calculator. This tool will inform you of that the silver price forecast and how the time will be required for silver to reach specific price levels. If you're interested in understanding what the silver price forecast, you may want to subscribe for the Silver Return Calculator.