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What was the average price of silver per ounce in 2014?

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The average price per ounce of silver in U.S. dollars was $19.08 in 2014. The price peaked in February at $22.05 after a low of $15.28 in November. This compares against an average of $23.83, high of $32.23 and low of $18.61 in 2013.

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The drop in silver prices in 2014 led analysts to anticipate further decreases in 2015 as a part of the longest-lasting fall in 40 years. This fall was driven by increasing interest rates, improvements in the worldwide economy and limited inflation that reduced investor interest in physical assets. Falling prices led to significant increases in the demand for silver, with coin and bar demand skyrocketing an estimated 76 percent and jewelry demand increasing 10 percent in 2013.

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