Anyone who wants to invest in metals, such as silver, needs to be aware of the current prices as well as the changes that they can go through each day. The silver prices per ounce are currently at around $38.
While this might not seem as though it is very much, especially when you compare it to the much higher price of gold, you have to take it into context. The price of silver just a few years ago was less than $17 per ounce. In that time, the value of silver has more than doubled, and that's great news for anyone who invested back then. Because many believe that the price of the metal is going to keep rising, it certainly makes sense to start an investment now.
Seeing that the silver prices per ounce are at $38 should cause some people who didn't think they had enough money to invest in metals to sit up and take notice. This price, though it is still on the rise, is affordable for many people. Certainly, more people will be able to invest in silver than would be able to invest in gold, which is at $1581 per ounce now.
Of course, the prices that you see today aren't going to be the prices that you see tomorrow. Like all markets, the silver prices per ounce tend to fluctuate. For the most part, the changes are going to be small. However, you will come across some days that the price may drop more than you like or raise more than you anticipate. Here are a couple of examples of this happening recently.
When the United States announced the death of Bin Laden, the prices of metals dropped a bit and the other areas of the economy received a boost. When world events are perceived as good, the economy can brighten and the price of metals drops. People use metals as a means to feel safe. On the other hand, when the recent jobs report came out and it showed that the U.S. still has massive trouble with unemployment, the price of metals rose. Again, people turn to metals when they need to feel safe.
The silver prices per ounce are a great indicator of where the world is headed, but many other factors contribute to those prices as well. Supply and demand is a factor, and if a silver deposit were discovered (such as the Comstock Lode in the 1800s), you can be sure that the prices are going to change.