Q:

How much does the price of silver typically fluctuate?

A:

Quick Answer

Silver prices fluctuated an average of just over 3 percent per week between November 1, 2014, and November 1, 2015, with a low monthly change of 0 percent and a high of just under 9 percent. The price of silver is more volatile than metals such as gold.

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Full Answer

The price of silver is subject to quick fluctuations in price due to its industrial uses in products such as batteries, microcircuits and superconductors. On January 1, 2015, the price of silver jumped over 10 percent from the previous month, while the next month it dropped almost 4 percent. During the month of October 2015, the lowest price for silver was $14.36 per troy ounce, with a high of $16.37.

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