Silver Rate Facts - Key Insights You Should Know
In today’s world when we want to purchase something, we just fish into our pocket, pull out notes that match up to the value of what we want and pay but there was a time when the Dollar, the Pound or the Indian rupee didn’t exist in its current form.
Silver can be traced back to 1200 BC in Greece where it was mined and used to fund the various empires of the day. Back in the day, during the Athenian empire, silver rate today was used as a currency for trading and can be considered the first instance of silver acquiring the status of an international standard.
The initial instances of large scale production of silver can be traced back to the Spanish conquests of South America which made Mexico and Peru produce 85% of the world’s silver between the 1500’s and the 1800’s. These two countries no longer produce that much of the world’s silver but are still the largest producers of silver today. If that has interested you then here are some more.
How Silver Facts Influence Today’s Silver Rates
- The three countries that produce the largest amount of silver are Mexico (produced 192 million ounces in 2014), Peru (produced 121 million ounces in 2014) and China ((produced 114 million ounces in 2014). India produces only about 10 million ounces of silver annually.
- India is the largest consumer of the world’s silver and can consume as much as one third of all the silver produced around the world in one year.
- The biggest demand for silver is actually generated by the industrial sectors where silver is used in the production of solar power units, chemicals and even photography. This demand can account for up to 56% of the world's need for silver.
- It is believed that for a brief period, in Egypt, silver was actually considered more valuable than gold.
- In 1979 the price of silver reached its all-time high of USD 49.45 per troy ounce. This was a jump of over 700% in a single day and was caused by the Hunt brothers’ attempt to corner the market.
- This also led to what is known as “silver Thursday”. March 27, 1980, when the price of silver fell by over 50% in a single day.
- At their peak, it is believed that the Hunt brothers owned at least one third of the world’s silver.
- Silver prices in the markets are also affected by the demand for copper because one of the forms of silver is sterling silver which is 95.5% sliver and the remainder other elements including copper.
- The Olympic gold medal is actually silver coated in gold.
- For the longest time silver was referred to as the poor man’s gold because it was the precious metal most could afford. But around 2014 it lost that status due to the drop in prices caused by a slowdown in China’s industrial sector. It may yet regain that status.
Top Reasons to Buy Silver in 2025 Based on Current Silver Rates
Good Stock Market - With the economic situations of the world being stable for a while now, the stock market has also been stable and doing well. There is also political stability in many nations around the world which has also been a contributing factor in the stock market doing so well. However, the economy has a cycle in which it operates. Since, it is a stable period for stock market, there is a high chance that the stock market may be affected negatively in near future. During such situation, the price of silver and gold will increase and will ultimately benefit you. If you are interested in investing in silver, you can keep track on the price of silver and see the pattern of how the silver price is affected with the value of stock market.
Disturbance in Global Politics - Currently the geopolitical environment is going through a tense period. This situation may cause an economic downfall in the near future. During such times, investing your money in the form of silver can be a wise move. Having silver as an asset will make sure that your money will be safe even if the stock market or real estate markets see any decline.
Rise of Silver - According to the recent trend in the market for silver, there is a rise in silver prices compared to last two years. With the silver prices recovering, it can be an ideal time to buy silver.
Read More on Silver
Facts About Silver
- About Silver Mining
- Amazing Facts About Silver
- Global Demand and Silver Rates in India
- How to Find Certified/Authentic Silver
- Need for Silver as an Industrial Commodity
- Silver - Poor Man's Silver
- What Will Happen To Silver Prices In Five Years?
- Lustre Regained by Silver Miners, Good Time to Invest in Silver?
FAQs on Amazing Facts About Silver
- What factors affect the price of silver?
Factors like interest rates, geopolitical issues, gold movements, etc. Affect the price of silver.
- How can investors access the silver market?
In order to invest in silver in this fashion, customers must pay a particular amount for the metal and then have it delivered right away. Physical silver is traded on the spot market. There are two common approaches to silver investing.
The first is via buying bullion items like silver rounds, bullion coins, and bullion bars. The second is carried out through paper trading, which uses the futures market. Participants engage into futures contracts for the delivery of the white metal at a predetermined price in the future.
- Will silver increase or decrease in 2025?
You can see that the ratio was about 80 at the start of 2025 and that this value is often close to a cycle bottom for the price of precious metals. Consequently, the ratio is anticipated to decrease and the price of silver will rise. Additionally, the ratio is 28% above the 50-year average. According to this data, silver is more likely to increase this year than decline.
Annie Jangam is a financial writer with a unique background in biotechnology and eight years of genomics research experience, culminating in 6 international publications. Her three-year experience in SEO-based content writing spans diverse topics. She combines her analytical skills with a talent for clear communication to simplify complex financial concepts. She delivers informative, engaging content with scientific precision and creative flair in the fintech industry. She covers various financial products such as banking, insurance, credit cards, tax, commodities, and more. Her research background demonstrates her dedication, attention to detail, and problem-solving skills, making her a valuable asset in the data-centric world of fintech. |
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.