Gold and Silver Prices

The price of gold and silver has skyrocketed over the last few years. Most recently, gold is priced between $906.10 and $931.70 per ounce and silver is priced $12.63 to $13.11. The investment in silver could be the single best long-term investment in a long time. Even though gold has shown solid trends of price appreciation, silver has more recently soared, outperforming gold. The price of gold increased 84% between July 1, 2003 and November 30, 2006. During the same period, silver increased more than 200%.

Due to the volatility of the market, experts feel the gold market is at a crucial point and the possibility of dropping is in the future. Gold has been trading at an all-time long term high and the potential for decline is not out of the question. The all time high for the price of gold was between $912.25 and $914.25

Silver has a more stable trading record with no significant downturn in the market. The highest silver has been is $12.87 to $12.92. There has been no single element that has tormented and teased man like the sight and feel of gold. It has been one of the world’s most coveted commodities. In 1971, the United States was the last country to do away with the gold standard. Why does gold continue to increase in value? Maybe because of the perilous times, gold and silver prices have surged while the demand for both have overtaken production.