Find out the silver price today by using our chart below. This chart shows the silver price today per ounce in GBP, but you can adjust the chart to view the metal, weight, currency and time period that you would prefer.
Viewing the silver price today can be a great indicator of what is happening across a number of markets. After all, silver is known as an indispensable metal for a reason.
Silver is a monetary metal, as in it has been used as a form of currency for thousands of years and continues to be a store of wealth. This means that the silver price can give you a good idea of how markets are feeling about other currencies, central banks decisions and the general state of the economic system. If inflation is high, geopolitical tensions are heightened or an unforeseen event has occurred (pandemic anyone?) then silver often positively reflects this in its price.
Silver is also an industrial metal. Without wishing to aggrandize too much, silver’s use knows no bounds. We say this because it seems that on an annual basis, a new use of silver is discovered. Its utility comes from its physical profile. It is highly conductive and reflective which is incredibly useful in the renewable and automated industries. It is also an excellent antibacterial agent and so it has been embraced by the medical industry. So when it comes to the silver price today, you might also get an idea of how the markets are feeling about the health of the global economy in terms of industrial output and outlook.
We like silver a lot. It has the potential to do well during economic booms, thanks to its strong role in industry but we also consider it a double-edged sword, one that every portfolio could do with as a form of protection from systemic risks.
If you want to include silver in your portfolio and need assistance, please contact GoldCore by chat, email, or phone, and our knowledgeable team will be happy to help.
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