Our one year silver price chart shows the EUR price of silver in ounces. You can use our charts to track the price of silver, adjusting the drop-down options to show the currency, weight and time period you prefer.
One Year Silver Price
Many investors use the one year silver price chart to decide when it is the best time to buy silver. You could look at any period of time on a silver price chart and whilst you might identify some trends, it certainly won’t tell you any future ones. People look at the price of silver, hoping they will invest at a time that will see them maximize returns at a later date. Instead of looking at trends in the silver price, ask about why you are investing in silver.
This might seem odd, but we don’t believe that you should base your decision to invest in silver on its price. Yes, returns are nice but the price should only determine how much silver you can buy, i.e. its affordability. But, the one year silver price should not affect the inclusion of the precious metal in your portfolio. This is because silver sits in an investors portfolio, stored safely in a secure storage facility, for the long-term.
People invest in physical silver bullion long-term because of its historical performance as a safe haven, a hedge against inflation and a form of financial insurance against systemic risks. These factors often increase the price of silver, but that does not mean that the rising price is what drives people into silver investment. Instead, it is these drivers of the silver price that inspire people to buy it.
If you are still keen to spot when a price change is coming then consider the following:
- What is the media saying? - pay attention to news events, central bank announcements, earnings reports etc to try and identify when those factors that drive silver have been affected
- Look elsewhere - silver is an industrial metal and a by-product of other metal’s mining. So if you see something significant happening in other assets, or even asset classes watch how it affects silver (if at all)
- Silver is for the long-term - as explained above, we hold silver as a hedge. The factors mentioned above are all caused by or are followed by long-term policies that give more reason to hold silver bullion.
If you'd like to add Silver to your portfolio and need some assistance, please contact GoldCore by chat, email, or phone, and our knowledgeable team would be happy to help.