Price of Silver in 2018

In 2018, risk factors influencing the silver market included trade disputes, geopolitical unpredictability, and the fluctuating price of oil. During unrest, precious metal prices tend to increase. However, during 2018, there were dips in the market. In fact, in July dropped to its weakest value over 12 months.

Using the charts below, you can see the Silver Prices for 2018 and explore the variability of spot prices throughout the year.

Silver Prices 2021 Chart

What Impacted Silver Prices in 2018?

There were several contributing factors for the fluctuation and decreases of silver prices in 2018. To begin with, the US dollar was strong in the first half of the year – a strong dollar pushes the precious metals market down. 

The economy was also good, interest rates were high, and disputes between the US and trading partners like China and Europe increased import costs. All of these factors had a detrimental effect on the value of precious metals, particularly the demand for silver.

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 Is Silver a Good Investment?

There are many benefits of investing in silver:

•       When there is a lot of political and economic uncertainty, assets like silver tend to be more valuable than legal tender.
•       While silver is subject to changes in the market, because of its real value, it is unlikely to lose all of its worth.
•       Silver is cheaper and easier to purchase than gold.
•       Silver gives better returns than gold – it costs only about 1/79th as much as gold bullion, so is more affordable.

Buy Silver Online with CanAm

Adding pure silver bars or silver bullion to your holdings is a tremendous way to diversify your assets, and silver is becoming an increasingly popular investment option for precious metals.

CanAm provides the highest quality service throughout your entire purchase process. We provide affordable pricing and ensure that your purchase is delivered to your home safely and securely. Contact our team of investment consultants if you have any questions about your investing options or start shopping on our online store today.