The price of silver is always changing, which is why it’s such a popular investment. Some years it enjoys a rise in price, while other see it falling. In 2017, the price hovered between the $15 and $18 mark for an ounce. This wasn’t a surprise for many experts, but it was hoped the increase would have been bigger.
Does that mean the price is set for a rise in 2018? It certainly looked that way at the beginning of the year when the highest price was $17.37. At the time of writing, it had dropped slightly by a little less than a dollar. Certain factors are going to affect the performance of silver over the next few months. Let’s look at what these are before sharing some expert opinions.
Three Factors That Could Affect Silver Prices in 2018
Geopolitical issues – these affect the price of precious metals in a big way. Around the world, all eyes are on Trump. When he won the election almost two years ago it was thought that the demand for precious metals would increase. This would in turn increase the price of both gold and silver. The instability that Trump has fuelled …Read More