Silver futures contracts to be settled in December 2028 were trading on U.S. markets at around 34 U.S. dollars per troy ounce on June 20, 2023. This is above the price of 30.44 U.S. dollars per troy ounce for contracts to be settled in May 2024, indicating silver traders expect the price of silver to decrease over the next five years. Silver futures are contracts that effectively lock in a price for an amount of silver to be purchased at a time in the future, which can then be traded on markets. Futures markets therefore provide an indicator of how investors think a commodities market will develop in the future.
Monthly price of silver futures contracts in the United States from January 2019 to May 2024, with forecasts from January 2023 to December 2028
(in U.S. dollars per troy ounce)
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Investing.com. (June 20, 2024). Monthly price of silver futures contracts in the United States from January 2019 to May 2024, with forecasts from January 2023 to December 2028 (in U.S. dollars per troy ounce) [Graph]. In Statista. Retrieved October 11, 2024, from https://www.statista.com/statistics/1239034/silver-futures-price-usa/
Investing.com. "Monthly price of silver futures contracts in the United States from January 2019 to May 2024, with forecasts from January 2023 to December 2028 (in U.S. dollars per troy ounce)." Chart. June 20, 2024. Statista. Accessed October 11, 2024. https://www.statista.com/statistics/1239034/silver-futures-price-usa/
Investing.com. (2024). Monthly price of silver futures contracts in the United States from January 2019 to May 2024, with forecasts from January 2023 to December 2028 (in U.S. dollars per troy ounce). Statista. Statista Inc.. Accessed: October 11, 2024. https://www.statista.com/statistics/1239034/silver-futures-price-usa/
Investing.com. "Monthly Price of Silver Futures Contracts in The United States from January 2019 to May 2024, with Forecasts from January 2023 to December 2028 (in U.S. Dollars per Troy Ounce)." Statista, Statista Inc., 20 Jun 2024, https://www.statista.com/statistics/1239034/silver-futures-price-usa/
Investing.com, Monthly price of silver futures contracts in the United States from January 2019 to May 2024, with forecasts from January 2023 to December 2028 (in U.S. dollars per troy ounce) Statista, https://www.statista.com/statistics/1239034/silver-futures-price-usa/ (last visited October 11, 2024)
Monthly price of silver futures contracts in the United States from January 2019 to May 2024, with forecasts from January 2023 to December 2028 (in U.S. dollars per troy ounce) [Graph], Investing.com, June 20, 2024. [Online]. Available: https://www.statista.com/statistics/1239034/silver-futures-price-usa/