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What is the price of silver per pound?

Finally, the price of silver per pound is $188.98. This is the spot price times 12 (the number of troy ounces in a pound). Silver is traded in units called troy ounces, or "oz". All precious metals, including gold and platinum, trade this way.

What is the market price of silver?

Demand suffered last year, but a late price surge put silver at $20.55/oz, a 27% increase over 2019’s annual average and the highest silver has been priced since 2013. The report’s authors project an average annual silver price this year of $27.30/oz, though the metal could potentially go even higher, up to $32/oz.

What is the history of silver prices?

Silver price history 1960 onward. The price of silver is driven by speculation and supply and demand, like most commodities. The price of silver is notoriously volatile compared to that of gold because of the smaller market, lower market liquidity and demand fluctuations between industrial and store of value uses.

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