How is the silver price chart used?

Price charts can be used to try to identify trends in the price of silver, or to look for areas that may potentially present buying or selling opportunities. One of the easiest ways to identify a trend in the price of silver-or any other market-is to look for a series of higher highs and lower lows for an uptrend.

How can you follow the price of silver?

One of the easiest ways to identify a trend in the price of silver-or any other market-is to look for a series of higher highs and lower lows for an uptrend. Seeing a pattern like this in prices may be indicative of buying pressure outweighing selling pressure, and could potentially lead to higher prices.

How has the silver price changed over time?

Going back to the mid 1970s, silver was valued at less than $10 per ounce. The white metal began to rise in the late 70s, however, and by 1980 was valued at over $36 per ounce. The market saw prices come back down following the parabolic rise, and silver once again found itself trading under the $10 per ounce level by the late 1980s.