Price of Silver in 2011

Early in 2011, the price of silver shot up to almost $50 per ounce, which was almost three times that of 2010. By the end of the year, however, the market stabilized and began to fall.

To see when prices were high or low, check out the following charts to view the Silver Prices for 2011.

Silver Prices 2011 Chart

What Impacted Silver Prices in 2011?

Several financial and economic variables contributed to the increase in value, including the debt-ceiling crisis in the US, which harmed consumer confidence and lowered the US government’s credit rating.

Other impacts included:

•   Rising geopolitical tensions in the Middle East
•       A drop in crude prices
•       Sustained weakness in global equities
•       Higher inflation
•       Fears about global economic development
•       The Swiss Franc was downgraded

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.

How to Invest in Silver

If you want to invest your money in silver, there are several options you can choose from. You can buy an Exchange Traded Fund (ETF) that is backed by silver. These funds are traded on the market and offer more liquidity. You can buy silver futures contracts and either go long (bet that the price of silver will go up) or short (bet that the price of silver will go down). You could also put your money into a company that mines silver.

Alternatively, the safest way to invest in silver is what we recommend to anyone wanting to get a foot in the market – buy silver bullion, coins or rounds. And you can do that right here on our website, with some of the world’s highest quality options available. All our silver is 99.9% pure and comes with authenticity guarantees.

Buy Silver Online with CanAm

The appeal of pure silver bars and silver bullion is growing among investors in the precious metals market, and CanAm can help you diversify your holdings by providing you with these products.

We offer reasonable and trustworthy pricing, and our in-house support staff will respond to your inquiries and resolve your issues as quickly and efficiently as possible. Send an email or give us a call if you have any questions or concerns.