How much does silver cost per ounce?

As the financial crises of 2008/2009 got underway, silver prices per ounce began to climb rapidly, eventually rising to nearly $50 per ounce in 2011. Silver prices eventually came back down, however, bottoming out in 2016 at less than $14 per ounce. The price of silver since that time has been oscillating between about $15 and $20 per ounce.

How much is a ten ounce of silver worth today?

Theoretically, if a person acquired ten ounces of silver in 2000 at $8 per ounce with a total of $80 spent, today at a spot price of around $23 per ounce, that ten ounces would be around $230, which is a $150 profit. The stock market has seen a sustained upward trend, largely driven by Federal Reserve policies.

Is there an upper limit on the spot price of silver?

This puts a theoretical upper limit on the spot price of silver. Most recently, silver prices have been rallying over $30 per troy ounce and trading in a range of $29 to $33 per ounce, starting May 15th, 2024. This is a 10-year high for the price of silver, and follows gold's historic price movements.