Silver, which has an important place among precious metals, had a very active 2020 year. With the COVID-19 pandemic, investors’ orientation towards precious metals was the main factor in the upward movement of silver prices. The kilogram price of silver, which started the year 2021 fast, approached the level of 1000 dollars. At this point, questions began to be asked how far the silver will go and how it will spend the year 2021. The last 20 years of silver and the 2021 silver forecast and expert opinions are detailed in the following. You can browse here for G7 Countries 2021 What is the G7′ Purpose?
20 Year Silver Chart and 2021 Silver Forecast
Although it is almost always in the shadow of precious metals such as platinum, gold, etc., silver has always maintained its identity as an important investment tool. The price of silver in the last 20 years has been in dollar terms as follows:
- May 18, 2001 silver price – 1 kilogram of silver $ 143
- May 13, 2002 silver price – 1 kilogram of silver 157 dollars
- May 8, 2003 silver price – 1 kilogram of silver $ 146
- May 2, 2004 silver price – 1 KG silver 198 dollars
- May 27, 2005 silver price – 1 KG of silver 234 dollars
- 1 kilo of silver on May 22, 2006 $ 326
- Silver $ 420 a kilo on May 17, 2007
- 1 kilo of silver on May 11, 2008 was $ 561
- May 6, 2009 silver price $ 492
- 1 kilo of silver price on May 31, 2010 595 USD
- On March 27, 2011, the price of one kilo of silver was at its historical record high and at 1500 dollars
- May 20, 2012 – 1 kilo of silver $ 926
- 1 kilogram of silver $ 702 in mid-May 2013
- 1 kilo of silver for $ 612 in 2014 (May 10)
- May 5, 2015 1 kilo of silver costs 531 dollars
- 1 kilo of silver was $ 571 on May 29, 2016
- One kilo of silver on May 24, 2017 is $ 534
- May 19, 2018 – 1 kilo of silver price 533 dollars
- May 14, 2019 – 1 kilo of silver price $ 475
- May 8, 2020 – 1 kilo of silver $ 560
- February 1, 2021 – One kilogram of silver $ 943
Many different scenarios for silver are voiced by experts. It is possible to evaluate these scenarios in 3 main groups. The first scenario is that silver will stay around $ 1000 per kilogram in the short and medium term (maintain its current level). Another scenario is that silver will return a significant portion of its earnings in the last 1 year before the end of 2021. The last scenario is that silver will go further from this point and push the $ 1500 limit.
For BullionVault silver chart: https://www.bullionvault.com/silver-price-chart.do
