Price of Silver in 2010 In 2010, the average price of silver was $20.19, a figure only topped in 1980, and a significant increase over 2009’s average price of $14.67. View the charts below to see how the Price of Silver 2010 saw ups and downs throughout the year. Silver Prices 2010 Chart What Impacted Silver Prices in 2010? Global investment in silver increased by 40% to 279.3 million troy ounces (Moz), resulting in a net inflow of $5.6 billion, nearly twice the amount from 2009. Global holdings of exchange-traded funds (ETFs) reached 582.6 Moz, a rise of 114.9 Moz from the 2009 figure. The iShares Silver Trust accounted for about 40% of the rise, with Zurcher Kantonalbank, ETF Securities, and the Sprott Physical Silver Trust achieving large gains as well. A substantial increase in retail silver investment demand in 2010 prepared the path for increased investment in physical bullion bars, coins and medals. In 2010, physical bullion bars accounted for 55,6 Moz of global investment. The production of coins and medals increased by 28% to reach a new high of 101,3 Moz. The United States manufactured almost 34.6 million American Silver Eagle coins, shattering the previous record of about 29 million in 2009. 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? Silver bullion is less expensive than gold, which makes it easier to purchase. Silver bullion is also an actual asset – you can hold it in your hands. This makes it a better investment option than bonds and mining stocks which can lose value easily. Silver coins preserve their economic power and are a form of currency in some countries. The ability of silver coins to serve as both a store of value and a means of trade makes them a highly efficient currency. Essentially, if the price of silver increases, it will appreciate more than gold. According to GoldSilver, the price of silver increased by about 450% in bull markets between 2008 and 2011, while the price of gold increased by only 165%. Buy Silver Online with CanAm Silver is an increasingly popular option for investment in precious metals, and it’s easy to access with a wide range of silver bullion and coins available. Here at CanAm, we provide quality assistance throughout the bullion purchasing process, offering fair prices and safe and secure delivery. If you have any questions regarding your silver investment options, please contact our team of specialists today. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Price of Silver in 2021 READ MORE Price of Silver in 2012 READ MORE Price of Silver in 2005 READ MORE Price of Silver in 2007 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment