Demand for the precious metal has shot up in the past 12 months. Silver was trading around $27 an ounce on Wednesday, a 74% rise from a year ago when the spot price was around $15.5 per ounce. part of that (rise) is definitely coming from industrial metals which have really been on a tear.
Here is today’s Silver prices chart
| Silver Spot Price | Spot Change | |
|---|---|---|
| Silver Price per Ounce | $23.46 | 0.02 |
| Silver Price per Gram | $0.75 | 0.00 |
| Silver Price per Kilo | $754.26 | 0.65 |
Will silver prices Go Up in 2022?
According to the latest long-term forecast, Silver price will hit $30 by the middle of 2024 and then $40 by the middle of 2025. Silver will rise to $50 within the year of 2027, $60 in 2029, $70 in 2031 and $75 in 2032….Silver price stood at $23.33 per troy ounce.
| Year | 2022 |
|---|---|
| Mid-Year | $24.64 |
| Year-End | $25.30 |
| Tod/End,% | +8% |
Why does it cost so much to mine silver?
For years now, investment experts and silver bugs warned the public that silver costs too much to mine and that the lack of mining profitability would mean much higher future prices.
Why are silver coins different prices per ounce?
Transactions with higher volumes of silver bullion coin often have their costs spread out. As a result the price per silver coin tends to be higher on small volume purchases, and lower per ounce on high volume buys. Some sales costs are flat fixed costs regardless of the size or volume of the sale.
