In 2023, the average nominal price of silver in India was 61,981 Indian rupees for one kilogram, which was a decrease of over 14,000 rupees from the previous year. India was the world's 11th largest silver mining country as of 2021.

During the last quarter of 2024, the silver prices in the USA reached 31.3 USD/toz (H2 2024 Avg Price) in December. As per the silver price chart, prices surged during the latter half of 2024, largely influenced by the Federal Reserve’s interest rate cuts, which diminished the dollar. This shift made silver an attractive investment, particularly as a lower-cost alternative to gold.

Product	Category	Region	Price
Silver	Metals	USA	31.3 USD/toz (H2 2024 Avg Price)

Explore IMARC’s newly published report, titled “Silver Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of silver pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

The price of an ounce of silver increased sharply in 2021, rising around 17 percent from January 28 to February 1. The cause of this increase is attributed to retail investors mobilized via social media with the intention of causing losses to professional investors, similar to the rise in the stock price of video game retailer GameStop, and the stock price of cinema operator AMC several days beforehand. As of midnight July 18, 2023, the price of silver was trading at 24.9 U.S. dollars per troy ounce.

India's imports of silver amounted to a total value of 422 billion Indian rupees in financial year 2023. That was a significant increase from the value of silver imports to India previous year, and was also the highest import value during the period of consideration.

About This Dataset: Copper Prices and Market Trends

    This dataset provides **insights into copper prices**, including current rates, historical trends, and key factors affecting price fluctuations. Copper is essential in **construction**, **electronics**, and **transportation** industries. Investors, traders, and analysts use accurate copper price data to guide decisions related to **trading**, **futures**, and **commodity investments**.

    ### **Key Features of the Dataset**

    #### **Live Market Data and Updates**
    Stay updated with the latest **copper price per pound** in USD. This data is sourced from exchanges like the **London Metal Exchange (LME)** and **COMEX**. Price fluctuations result from **global supply-demand shifts**, currency changes, and geopolitical factors.

    #### **Interactive Copper Price Charts**
    Explore **dynamic charts** showcasing real-time and historical price movements. These compare copper with **gold**, **silver**, and **aluminium**, offering insights into **market trends** and inter-metal correlations.

    ### **Factors Driving Copper Prices**

    #### **1. Supply and Demand Dynamics**
    Global copper supply is driven by mining activities in regions like **Peru**, **China**, and the **United States**. Disruptions in production or policy changes can cause **supply shocks**. On the demand side, **industrial growth** in countries like **India** and **China** sustains demand for copper.

    #### **2. Economic and Industry Trends**
    Copper prices often reflect **economic trends**. The push for **renewable energy** and **electric vehicles** has boosted long-term demand. Conversely, economic downturns and **inflation** can reduce demand, lowering prices.

    #### **3. Impact of Currency and Trade Policies**
    As a globally traded commodity, copper prices are influenced by **currency fluctuations** and **tariff policies**. A strong **US dollar** typically suppresses copper prices by increasing costs for international buyers. Trade tensions can also disrupt **commodity markets**.

    ### **Applications and Benefits**

    This dataset supports **commodity investors**, **traders**, and **industry professionals**:

    - **Investors** forecast price trends and manage **investment risks**. 
    - **Analysts** perform **market research** using price data to assess **copper futures**. 
    - **Manufacturers** optimize supply chains and **cost forecasts**.

    Explore more about copper investments on **Money Metals**:

    - [**Buy Copper Products**](https://www.moneymetals.com/buy/copper) 
    - [**95% Copper Pennies (Pre-1983)**](https://www.moneymetals.com/pre-1983-95-percent-copper-pennies/4) 
    - [**Copper Buffalo Rounds**](https://www.moneymetals.com/copper-buffalo-round-1-avdp-oz-999-pure-copper/297)

    ### **Copper Price Comparisons with Other Metals**

    Copper prices often correlate with those of **industrial** and **precious metals**:

    - **Gold** and **silver** are sensitive to **inflation** and currency shifts. 
    - **Iron ore** and **aluminium** reflect changes in **global demand** within construction and manufacturing sectors.

    These correlations help traders develop **hedging strategies** and **investment models**.

    ### **Data Variables and Availability**

    Key metrics include:

    - **Copper Price Per Pound:** The current market price in USD. 
    - **Copper Futures Price:** Data from **COMEX** futures contracts. 
    - **Historical Price Trends:** Long-term movements, updated regularly. 

    Data is available in **CSV** and **JSON** formats, enabling integration with analytical tools and platforms.

    ### **Conclusion**

    Copper price data is crucial for **monitoring global commodity markets**. From **mining** to **investment strategies**, copper impacts industries worldwide. Reliable data supports **risk management**, **planning**, and **economic forecasting**.

    For more tools and data, visit the **Money Metals** [Copper Prices Page](https://www.moneymetals.com/copper-prices).

According to Cognitive Market Research, the global silver jewelery market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 21.20% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.4% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held a market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.2% from 2024 to 2031.
Latin America's market will have more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.6% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.9% from 2024 to 2031.
Adults held the highest silver jewelry market revenue share in 2024.

Market Dynamics of Silver Jewellery Market

Key Drivers of Silver Jewellery Market

Changing Fashion Preferences to Provide Viable Market Output

The silver jewelry market is buoyed by evolving fashion trends, where changing preferences drive demand for versatile and affordable accessories. Silver's adaptability to contemporary styles and designs positions it favorably in the market, attracting consumers seeking trendy yet accessible pieces. Its affordability relative to other precious metals like gold and platinum further amplifies its appeal. As fashion continually evolves, the flexibility of silver jewelry to complement diverse styles ensures its enduring popularity, making it a staple in the accessory collections of fashion-conscious individuals worldwide.

Rising Demand for Personalized and Unique Jewellery Pieces to Propel Market Growth

The rising demand for personalized and unique jewelry pieces fuels the silver jewelry market. Consumers increasingly seek individualized adornments that reflect their personality and style, driving artisans and manufacturers to offer customizable options. This trend aligns with the broader shift towards self-expression and uniqueness in fashion choices. As a result, silver jewelry designers are innovating with custom designs, engraving, and gemstone settings to cater to this demand, contributing to the global growth and dynamism of the silver jewelry market.

Restraint Factors of Silver Jewellery Market

Shortage of Skilled Professionals to Restrict Market Growth

The silver jewelry market thrives due to its affordability, versatility, and sustainability, catering to diverse fashion trends and consumer preferences. However, its growth is hindered by a shortage of skilled professionals in the industry. The intricate craftsmanship required for designing and manufacturing silver jewelry demands specialized training and expertise, which is often lacking. This scarcity of skilled professionals limits the industry's ability to meet rising demand and hampers innovation, posing a challenge to its expansion and development.

Impact of COVID-19 on the Silver Jewellery Market

The silver jewelry market has witnessed resilience amid COVID-19, driven by shifting consumer preferences towards affordable luxury and online shopping. Despite temporary supply chain and retail disruptions, the market rebounded as consumers sought accessible yet stylish accessories. Additionally, the pandemic highlighted silver's antimicrobial properties, boosting its appeal to health-conscious consumers. With increased emphasis on sustainability and economic uncertainty, silver jewelry emerges as a versatile and affordable choice, sustaining its demand throughout the pandemic and beyond. Introduction of the Silver Jewellery Market

Silver jewelry refers to ornaments, accessories, or adornments crafted primarily from silver, a precious metal valued for its lustrous appearance, affordability, and versatility in creating a wide range of designs for personal adornment. The silver jewelry market thrives due to its affordability, sustainability, cultural significance, and flexibility for customization. Innovations in jewelry-making techniques and craftsmanship further bolster the market, enabling intricate design...

[250 Pages Report] Global Silver Nitrate demand is anticipated to be valued at US$ 5.3 Billion in 2022, forecast to grow at a CAGR of 5.2% to be valued at US$ 8.8 Billion from 2022 to 2032. Growth is attributed to increased demand for silicone elastomers, especially across the automotive and construction industries.

Report Attribute	Details
Estimated Base Year Value (2021)	US$ 5 Billion
Expected Market Value (2022)	US$ 5.3 Billion
Anticipated Forecast Value (2032)	US$ 8.8 Billion
Projected Growth Rate (2022 to 2032)	5.2% CAGR

Scope Of Report

Report Attribute	Details
Growth Rate	CAGR of 5.2% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Grade Application Region
Regions Covered	North America Latin America Western Europe Eastern Europe Asia Pacific Excluding Japan Japan Middle East & Africa
Key Countries Profiled	USA Canada Brazil Argentina Germany United Kingdom France Spain Italy Nordics BENELUX Australia & New Zealand China India ASIAN GCC Countries South Africa
Key Companies Profiled	Ames Goldsmith Corporation S D FINE CHEM LIMITED Spectrum Chemical Manufacturing Corp. Sigma-Aldrich Co. LLC Rochester Silver Works LLC Tongling Nonferrous Metals Group Holdings Co. Ltd. Chengzhou Jingui Silver Industry Co. Ltd. K. Chemical Industries Pvt. Ltd. EMD Milipore Corporation Mahi Enterprise Columbus Chemical Industries (CCI)
Customization	Available Upon Request

The global colloidal silver market is expected to reach a valuation of US$ 603.7 million by 2023. It is anticipated to accelerate at a CAGR of 9.4% from 2023 to 2033. Colloidal silver sales are likely to account for a part of the demand in the global food market, which is projected to be valued at US$ 1,484.7 million in 2033.

Attributes	Key Insights
Colloidal Silver Market Estimated Size (2023E)	US$ 603.7 million
Projected Market Valuation (2033F)	US$ 1,484.7 million
Value-based CAGR (2023 to 2033)	9.4%
Collective Value Share: Top 3 Countries	20% to 25%

How Has the Market Progressed So Far in 2023?

Market Statistics	Details
Jan to Jun (H1), 2021 (A)	8.7%
Jul to Dec (H2), 2021 (A)	8.6%
Jan to Jun (H1),2022 Projected (P)	9.1%
Jan to Jun (H1),2022 Outlook (O)	9.0%
Jul to Dec (H2), 2022 Projected (P)	9.2%
Jul to Dec (H2), 2022 Outlook (O)	9.5%
Jan to Jun (H1), 2023 Projected (P)	9.6%

Country-wise Insights

Region	North America
Country	USA
CAGR	8.6%
BPS Analysis	207
Market Value (2033)	US$ 372.8 million

Region	Europe
Country	United Kingdom
CAGR	8.9%
BPS Analysis	214
Market Value (2033)	US$ 49.6 million

Region	Asia Pacific
Country	China
CAGR	11.0%
BPS Analysis	918
Market Value (2033)	US$ 223.9 million

Region	Asia Pacific
Country	India
CAGR	11.9%
BPS Analysis	160
Market Value (2033)	US$ 145.2 million

Region	Asia Pacific
Country	Japan
CAGR	5.1%
BPS Analysis	-914
Market Value (2033)	US$ 54.7 million

Scope of the Report

Attribute	Details
Estimated Market Size (2023)	US$ 603.7 million
Projected Market Valuation (2033)	US$ 1,484.7 million
Value-based CAGR (2023 to 2033)	9.4%
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Value (US$ million) and Volume (MT)
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa
Key Segments Covered	Form, Particle size, End Use, Regions
Key Companies Profiled	Alfa Aesar (Thermo Fisher Scientific) American Elements Laboratories Argenol Trace Minerals Research Ltd. (North America) NANO IRON s.r.o. Nano Labs Reinste Nano Ventures Pvt. Ltd. Sigma-Aldrich (Merck KgaA) Strem Chemicals, Inc. US Research Nanomaterials, Inc.
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives