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In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, [11] which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was enacted in France in 1803. [12] The average gold/silver price ratio during the 20th century, however, was 47:1. [13]
May 20 marked an all-time high price for gold, at a spot price of $2,435.96 per ounce. Gold futures were higher at $2,438.50. Spot silver also rose to $32.17, an over 11-year high.
Silver price history in 1960–2020 showing the Silver Thursday event in 1980 Gold price history in 1960–2020 showing the Silver Thursday event in 1980. Silver Thursday was an event that occurred in the United States silver commodity markets on Thursday, March 27, 1980, following the attempt by brothers Nelson Bunker Hunt, William Herbert Hunt and Lamar Hunt (collectively known as the Hunt ...
Spot silver fell 0.3% to $28.85 per ounce, palladium was steady at $901.03 and platinum was little changed at $904.23. Silver is headed for its best year since 2020, having added nearly 22% so far.
Price of silver. Silver cost $4 per troy ounce in 1992, [67] started to rise rapidly in early 2004, [67] reached $18 per troy oz by late 2007, slipped badly to $10 per troy oz during the Credit Crunch of 2008, [67] but was selling in late 2009 and again in early 2010 at just under $18 per troy oz of metal. [67]
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