Price of Silver in 2001

2001 was a tough year for the economy with Y2K panic, stock market falls, collapsing businesses and the September 11 terrorist attacks. Fortunately, despite this, Silver maintained its status as a valuable metal, gaining (or holding) value during times of crisis.

View our charts below to learn more about the spot price of silver in 2001.

Silver Prices 2001 Chart

What Impacted Silver Prices in 2001?

In 2001, there was a recession between March and November. The Year 2000 panic (Y2K) contributed to this, with most users and programmers fearing that computers will cease functioning on December 31, 1999. Fortunately, the clock ticked over, and technology (and humans) survived.

Because most businesses bought new technology before December 31, 2000, a fall in sales in 2001 saw the stock market plummet and many internet businesses collapsed. A recession hit, which was only made worse by the 9/11 attacks, which saw the market suspended for several days.

Like everything else in 2021, silver prices were impacted by what was happening with the economy – and they remained relatively stagnant for most of the year. Silver prices in 2001 averaged $4.37 per troy ounce, however, the value closed the year on a much more optimistic note, with silver fixing at $4.52 on December 31.

Daily Silver Prices (Chart)

To find the daily prices for Silver in this year, use the date filters in the chart above.

The information provided here is for educational purposes only and should not be used for speculation and investment purposes. CanAm does not guarantee that the prices shown here are correct, up-to-date, or complete, and we are not responsible for inaccuracies or omissions in this price data.

Why Should I Add Silver To My Portfolio?

The golden rule of a well-balanced portfolio is to diversify your assets across several asset classes, increasing possible profits while reducing risk.

Silver can act as a natural shield for your portfolio against the volatile economy – for centuries, silver has been seen as a safe haven from monetary depreciation. It is an ideal way to preserve your wealth into the future.

In today’s economic climate, an increasing number of people are investing in silver and we recommend you do the same. 

Buy Silver Online with CanAm

Whether you want to invest in silver bars, coins or rounds, CanAm are here to assist. We have a wide range of products available and only provide the highest quality, 999 pure silver or 9999 pure silver.

Silver bullion is ideal for increasing the value of your portfolio, and it is also a great gift idea. Start shopping today on our online store or contact our team if you have any questions.