Price of Silver in 2021

An uncertain economy generally brings positive investment, and 2021 was no exception. With rising inflation and uncertainty around the globe, smart investors turned to silver stocks as a hedge against volatile currencies and stocks.

The charts below show the 2021 Silver Prices and the movement of spot prices throughout the year.

Silver Prices 2021 Chart

What Impacted Silver Prices in 2021?

According to the Silver Institute, silver prices rose by 22% in 2021 and hit a nine-year high of $25.14 per Troy ounce. Global demand for the precious metal rose by 19%. Global demand reached 32,627 tons, the highest level since 2015.

Increases are said to be directly related to many industries starting up again and businesses reopening after Covid. Other factors included the needs of the home-working economy, a boom in consumer electronics, investments in 5G infrastructure, building up inventory along the supply pipeline, and rising end-use in the green economy, particularly photovoltaics. The solar industry also purchased 13% more silver in 2021 than the previous year.

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 Silver a Good Investment?

Though the value fluctuates, silver is considered a safe investment that can protect investors during times of uncertainty. When political, economic or financial tensions are at an all-time high, silver can be a great choice for investors who want to keep their money safe.

Demand for silver increased significantly in 2021 and this is expected to continue into the future, particularly as silver is used in technological fields such as electric cars and solar energy. As demand for these products increases, so too does the demand for silver.

Buy Silver Online with CanAm 

Silver is becoming a popular choice for people who want to invest in precious metals, and adding pure silver bars or silver bullion to your holdings is a great way to diversify your investments.

Here at CanAm, promise to give you excellent service when you’re buying bullion. We offer fair and accurate prices and ensure your order is delivered to your door safely and securely. If you have any questions, why not contact our team of experts today to discuss your investment options.