Silver Price History: Charts and Complete Overview
Below are charts of annual silver prices and price trends for the last 20 years in various currencies, including the US dollar, the euro, the British pound, the Japanese yen, the Chinese yuan, and the Indian rupee.
You can also check out our history of silver infographic and timeline for a complete history of this precious metal over the past 5,000 years.
Historical Silver Prices in Major Currencies
Past market performance is no guarantee of future results, but historical silver prices can be useful in identifying past trends. While silver now trades 24 hours a day, regional prices can be affected by currency exchange rates, economic policy, and local demand and supply. This is why we offer 20-year silver price charts in most major currencies, as well as 3-year, 5-year, and 10-year charts in dollars.
Historical Silver Prices in US Dollars
The three-year chart shows that silver prices are trading near their highs for the period ($18 per ounce).
Silver priced in USD has yet to surpass the $20 per troy ounce level over the past five years. Prices also haven't broken below $14 per ounce.
The 10-year chart reveals the magnitude of silver's rally to all-time highs above $40 per troy ounce in 2011.
Stretching the time frame out 20 years shows how relatively inexpensive the metal was prior to the financial crisis.
Movement above and below the 0% line on the trends chart represents periods of higher volatility for silver priced in U.S. dollars.
Historical Silver Prices in Euros
Over 20 years, the silver price in euros has been somewhat more steady than in USD.
The price trends chart shows the changes in silver prices in euros, compared to the previous year.
Historical Silver Prices in British Pounds
The chart of silver priced in pounds sterling is a bit flatter given the high exchange rate of the GBP.
The Y/Y silver price trends in the British Pound shows the same huge jump in prices in 2011 as that seen in other currencies.
Historical Silver Prices in Japanese Yen
More so than the EUR and GBP, the silver price in yen saw a more gradual decline from all-time highs.
The yen was the only major currency where silver prices year over year did not fall below the baseline in 2009. The following price trend in 2011 was a bit broader as well.
Historical Silver Prices in Chinese Yuan
The steeper fall in silver priced in yuan is due in part to the currency's greater strength over the past decade.
The silver price trends in yuan mirror those of the dollar. This is because the Chinese government attempts to keep a "soft" peg to the dollar.
Historical Silver Prices in Indian Rupees
The rupee is an important currency for pricing silver, given the huge demand for precious metals in India.
The rupee shows the same narrow spike in silver prices as the British pound.
A published writer, Steven's coverage of precious metals goes beyond the daily news to explain how ancillary factors affect the market.
Steven specializes in market analysis with an emphasis on stocks, corporate bonds, and government debt.