Silver rose to 38.37 USD/t.oz on July 11, 2025, up 3.65% from the previous day. Over the past month, Silver's price has risen 5.59%, and is up 24.68% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Silver - values, historical data, forecasts and news - updated on July of 2025.

Dataset of historical annual silver prices from 1970 to 2022, including significant events and acts that impacted silver prices.

Stay informed with real-time charts of international precious metal prices. Monitor spot prices for Silver in USD, GBP, and EUR. Access live updates here >>

This statistic depicts the average monthly prices for silver worldwide from January 2014 through January 2025. In January 2025, the average monthly price for silver worldwide stood at 30.41 nominal U.S. dollars per troy ounce.

In 2024, the average nominal price of silver in India was ****** Indian rupees for one kilogram, which was an increase of over ****** rupees from the previous year, and the highest figure during the period of consideration.

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.

The global unwrought silver market soared to $45.1B in 2024, jumping by 20% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the global market reached the peak level in 2024 and is likely to see gradual growth in the near future.

The Saudi silver market soared to $20M in 2024, growing by 23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a resilient increase. Silver consumption peaked at $32M in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

In 2005, the annual average price for one ounce of the precious metal silver on the Comex exchange was 7.33 U.S. dollars. By 2023, the annual average price of silver grew to 23.58 U.S. dollars per ounce.

Silver Bullion Market Outlook 2032

The global silver bullion market size was USD XX Billion in 2023 and is projected to reach USD XX Billion by 2032, expanding at a CAGR of XX% during 2024–2032. The market growth is attributed to the rising consume preference of silver for investment purpose.



The silver bullion market is experiencing an increasing trend, driven by a variety of factors. As a tangible asset with intrinsic value, silver bullion offers a hedge against inflation and currency fluctuations, which is attracting more investors. The growing industrial demand for silver, particularly in the electronics and solar energy sectors, is also contributing to the rising interest in silver bullion.

The recent volatility in the global economy has led to a surge in the demand for safe-haven assets, presenting significant opportunities for the market. With these driving factors, the market is poised for further growth, offering a wealth of opportunities for investors and stakeholders alike.

Impact of Artificial Intelligence (AI) onSilver Bullion Market

Artificial Intelligence has a positive impact on the silver bullion market by enhancing predictive analysis and decision-making processes. Advanced AI algorithms analyze vast amounts of data, including historical silver prices, global economic indicators, and market trends, to generate accurate forecasts. These insights enable investors and market players to make informed decisions, thereby optimizing their investment strategies.



AI contributes to operational efficiency by automating routine tasks, reducing human error, and improving risk management. It also fosters transparency in the market by detecting and preventing fraudulent activities through pattern recognition and anomaly detection.

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The ECOWAS unwrought silver market fell to $20M in 2024, with a decrease of -8.7% against the previous year. Overall, consumption, however, continues to indicate a perceptible increase. The level of consumption peaked at $22M in 2023, and then dropped in the following year.

Hong Kong Local Gold Prices data was reported at 11,422.000 HKD/Tael in Nov 2018. This records an increase from the previous number of 11,403.000 HKD/Tael for Oct 2018. Hong Kong Local Gold Prices data is updated monthly, averaging 3,611.000 HKD/Tael from Jan 1981 (Median) to Nov 2018, with 455 observations. The data reached an all-time high of 17,028.000 HKD/Tael in Aug 2011 and a record low of 2,213.000 HKD/Tael in Jun 1982. Hong Kong Local Gold Prices data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.P003: Gold and Silver Prices.

Discover the latest trends in the global silver market, with a focus on silver plated with gold or platinum. Market consumption is on the rise, projected to reach 131K tons by 2035, with a market value expected to reach $95.6B.

Gold and silver prices increased over the course of 2021, but these did not grow as fast as the prices of iridium and, especially, rhodium. According to a comparison of price indices, the price for rhodium - a precious metal similar to platinum and used especially in catalytic converters of cars - was ten times higher in April 2021 than it was in January 2019. The price hike for rhodium was apparently caused by coronavirus-related lockdowns implemented in South Africa, where mining companies had to close for several weeks.

In 2024, the Chilean semi-manufactured silver market decreased by -14.9% to $20M for the first time since 2019, thus ending a four-year rising trend. In general, the total consumption indicated mild growth from 2012 to 2024: its value increased at an average annual rate of +1.8% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

Dataset of historical annual gold prices from 1970 to 2024, including significant events and acts that impacted gold prices.

Solar Glass Silver Recovery Market Outlook

According to our latest research, the global solar glass silver recovery market size in 2024 stands at USD 410 million, reflecting the sector’s rapid emergence as a key player in renewable energy material recycling. The market is registering a robust CAGR of 12.7% through the forecast period, with projections indicating a market value of USD 1,210 million by 2033. This dynamic growth is primarily driven by the escalating adoption of solar photovoltaic technologies and the mounting emphasis on sustainable resource management within the solar industry. The increasing volume of decommissioned solar panels, coupled with rising silver prices and stringent environmental regulations, are catalyzing the adoption of advanced silver recovery processes from solar glass across global markets.

One of the principal growth factors for the solar glass silver recovery market is the exponential increase in solar panel installations worldwide. As the lifespan of photovoltaic panels typically ranges from 20 to 30 years, a significant number of early installations are now reaching their end-of-life phase. This surge in decommissioned panels is creating a substantial feedstock for silver recovery, as each unit contains trace but valuable amounts of silver used in conductive pastes. With the global push toward net-zero emissions and the circular economy, solar panel recycling, especially the recovery of precious metals like silver, is becoming an industry imperative. Additionally, the volatility and upward trend in silver prices are incentivizing both manufacturers and recyclers to invest in efficient recovery technologies, further fueling market expansion.

Technological advancements in silver recovery processes are another critical driver of market growth. Innovations in chemical, electrolytic, and mechanical recovery methods are enhancing recovery rates, minimizing environmental impact, and reducing operational costs. The introduction of automated, closed-loop systems and the integration of artificial intelligence for process optimization are streamlining the extraction of silver from complex solar glass matrices. These technological improvements are not only boosting the profitability of recovery operations but are also making the process more accessible to a broader range of end-users, including smaller recycling companies and new entrants. The ongoing research and development in this field are expected to further elevate recovery efficiencies and set new industry benchmarks over the coming decade.

Regulatory frameworks and sustainability mandates are shaping the future of the solar glass silver recovery market. Governments and international organizations are introducing stricter e-waste management policies and extended producer responsibility (EPR) schemes, compelling solar panel manufacturers and users to ensure responsible end-of-life management. These regulations are driving investments in recycling infrastructure and encouraging the adoption of best practices in silver recovery. Furthermore, green certifications and sustainability reporting are becoming key differentiators for companies operating in the solar value chain, thereby stimulating demand for high-quality, environmentally friendly silver recovery solutions.

Regionally, Asia Pacific dominates the market due to its vast solar panel manufacturing base and rapid adoption of renewable energy. China, Japan, and India are at the forefront, supported by favorable government policies and significant investments in recycling infrastructure. North America and Europe are also witnessing substantial growth, driven by mature solar markets, advanced recycling technologies, and stringent environmental standards. The Middle East & Africa and Latin America, while currently smaller in scale, are poised for accelerated growth as solar deployment expands and regulatory frameworks evolve. This regional diversity underscores the global relevance and multifaceted opportunities present in the solar glass silver recovery market.

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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**.

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

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

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    - [**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. 
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    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).

Historical dataset of the 12 month LIBOR rate back to 1986. The London Interbank Offered Rate is the average interest rate at which leading banks borrow funds from other banks in the London market. LIBOR is the most widely used global "benchmark" or reference rate for short term interest rates.

Rhodium price data, historical values, forecasts, and news provided by Money Metals Exchange. Rhodium prices and trends updated regularly to provide accurate market insights.