Price of Silver in 2017

In 2017 silver prices remained relatively stagnant throughout the year, thanks to an overall improvement in the world economy.

Explore the charts below to see the 2017 Silver Prices and the movement of spot prices throughout the year.

Silver Prices 2017 Chart

What Impacted Silver Prices in 2017?

In 2017, the US Dollar was relatively weak and Trump’s tension with other countries had an impact on silver values.

There was a record-breaking 92 million ounces of silver demanded as a result of the continued shift to renewable technology, and mining supply decreased for the first time in fourteen years.

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’s price has increased more than four times in the past 15 years, from $7 per ounce in 1995. It has been shown repeatedly that it can bring good returns.

Silver has its value and doesn’t have the risk that comes with investments like stocks, bonds, and shares.

In times of war, stagflation, terrorism, natural disasters, and currency crises, this asset can act as a hedge to protect your portfolio from huge losses. 

Silver has a value that isn’t tied to fiat currencies, so it can protect your wealth from inflation.

When you buy real estate, stocks, cash deposits, or bonds, your investment depends heavily on politicians’ economic decisions. Politicians and banks can’t control, change, or decide the value of silver, making it a good investment against economic instability.

Silver’s price changes frequently, so those who are after short-term gains might benefit from this investment.

Buy Silver Online with CanAm

We aim to build ongoing, trusting relationships with our customers at CanAm. We always provide superior service with our quality customer service. We price our silver to ensure you get the best value, with fair and accurate pricing.

Adding pure silver bars or silver bullion to your portfolio is a fantastic way to diversify your assets, so start shopping today. Or contact our team of investment specialists today if you have any concerns about your investment options.