In the last decade, the price of silver has taken investors and collectors on quite the ride. Whether you’re new to the world of precious metals or a seasoned investor, understanding the trends can give you some insight into why many people continue to buy silver bullion.
Let’s rewind to 2014. Silver was coming off the highs of 2011, when it peaked at nearly USD 50 per ounce during a frenzy driven by economic uncertainty and a surge in demand. By 2014, the price had settled back down, trading around USD 20 per ounce. For investors, it was a chance to pick up silver at a more reasonable level. Over the next few years, however, the price dipped further, sliding below USD 15 per ounce by 2015. The years that followed were relatively quiet for silver, with prices hovering in the mid-teens. During this time, many Australians began to see silver as a steady, undervalued asset, and plenty took the opportunity to buy silver bullion at bargain prices.
Fast forward to 2020, and silver finally started to make headlines again. The global pandemic threw financial markets into chaos, with many investors flocking to safe-haven assets like silver and gold. Silver prices surged, reaching nearly USD 30 per ounce in August 2020. This rally was fuelled not just by economic uncertainty but also by increased industrial demand, particularly for green technologies like solar panels, where silver is a key component. The excitement around silver sparked a wave of interest in Australia, with more people jumping on the bandwagon to buy silver bullion as both an investment and a hedge against inflation.
Post-2020, silver has been on a bit of a rollercoaster. Prices have fluctuated between USD 20 and 25 per ounce, driven by shifting economic conditions, changing interest rates, and fluctuating industrial demand. While it hasn’t returned to the dizzying highs of 2011, many see silver as a long-term play, especially given its growing role in technology and clean energy sectors.
Looking ahead, the silver market holds promise for those willing to play the long game. It’s a metal with dual appeal—valued not only for its investment potential but also for its industrial uses. Whether you’re stacking coins or holding bars, silver remains an accessible way to diversify your portfolio. For Aussies considering where to put their money next, it might just be time to keep an eye on those price dips and think about making your move. After all, there’s never been a bad time to buy silver bullion when it comes to building a resilient investment strategy.
Wrapping Up
In the last decade, silver has proven its worth as a versatile and resilient asset, appealing to both investors and industrial markets. From the lows of 2015 to the pandemic-induced highs of 2020, its journey has been anything but predictable. For Australians looking to diversify their portfolios or hedge against economic uncertainty, silver remains a compelling choice. Whether you're drawn by its investment potential or its essential role in future technologies, there’s plenty of reason to buy silver bullion now and hold it for the long term. The next chapter of silver’s story could be its most exciting yet.