Silver Charts

Historical prices shown on long term silver charts are informative and educational, not to mention amazing, when you look at the price of silver over the decades. With a look into the past, it is easy to see why buying silver and holding on to it is such a safe investment.

(NOTE: For current silver prices see the pages silver spot price and silver quote )

24-Hour Silver Price Chart:

2014 Silver Price History Chart:

 

Silver price fluctuates just like the stock market. But silver, unlike a stock share, is a commodity, which means that it has value in its physical form. A stock share is nothing more that an idea of value and ownership, and it can become worthless at any time.

Silver never loses its value. In fact, an ounce of silver today can buy the same amount of stuff that an ounce of silver 100 years ago could buy. Amazing! However, $1.00 of US money today can buy only $0.04 worth of stuff, compared with 100 years ago. People who have owned a quantity silver for 100 years have kept ALL of its value. But people who owned a quantity of US cash currency have LOST 96% of its value! This is due to the process of “inflation”.

Investing in silver is smart because as the relative value of the US dollar drop in the value of silver in US dollars rises. This is how it protects you against inflation. Silver prices go up when dollar value goes down, and this simple action shows that people have faith in the value of precious metal over paper notes.

15-year Silver Price History Chart

Silver Price History: 1792 to 1999

This chart is very interesting in the fact that that for over 100 years, the price of silver was quite stable and basically constant, in relation to the US dollar. During this time, paper money was linked directly to silver and gold.

You’ve heard of the “gold standard”, right? Well, in the past the US dollar was linked to real precious metal that was stored in bullion stores. The paper money was guaranteed by that precious metal. A one dollar silver certificate could be traded in for 1 dollar of silver. So the dollar and the silver stayed constantly equal.

But when that relationship was broke, and the dollar stopped being backed by silver and was now only backed by faith in the government’s credit, things took off. This happened in 1963. Look at the above silver chart, and see what happened.