Price of Silver in 2007

Silver in 2007 was a strong performer in the precious metals market, with a 16% increase compared to the 2006 value (on average). This wasn’t to last, however, as 2007 was the start of the “Great Recession”, which continued until 2009.

Check below to see our silver prices in 2007 chart, giving you a full account of what the price of silver was doing throughout that year.

Silver Prices 2007 Chart

What Impacted Silver Prices in 2007?

In 2007, the silver price averaged a remarkable $13.38 per ounce, which was an increased price rise of 16% compared to 2006. This increase was due to higher industrial demand and increased interest.

The change in silver’s values at the time was due to a noticeable shift in investment behavior, showing more interest in silver bullion as an investment option.

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.

Is Now a Good Time to Invest in Silver?

Given the historical pattern of silver’s value and the fact that the US is again suffering economic hardship due to COVID-19 and inflation, silver’s prices could continue to rise. This depends on whether investors continue to spend their money on silver bullion and coins. However, based on history, it’s common that in times of hardship, people turn to precious metals for security.

You have many options if you do want to invest but purchasing 99.9% pure silver in the form of bars, coins or rounds is one of the easiest ways to secure your future.

An important note from the experts analyzing historical data – if you want to invest in silver, June is the best month to buy, followed by October (while prices in March generally remain stagnant).

Buy Silver Online with CanAm

Silver bullion is a great way to diversify your investment portfolio and here at CanAm, we provide the highest quality services and products to suit every investor.

Our professional team can assist if you’re starting your collection or expanding it. If you have any questions or concerns, don’t be afraid to ask. Alternatively, if you’re ready to buy silver today, start shopping in our online store.