by Roland Watson
In the course of writing a newsletter on silver and seeking new angles on the metal, it is necessary to maintain a wide array of datasets. Some of these I update on a weekly and monthly basis for subscribers, but I thought I would update one that gives us the very long term view on the price of silver.
First is the monthly chart on the price of silver since 1792. As you can see, the price of one troy ounce of silver remained remarkably constant for the first 175 years as silver remained under the firm control of Western governments. And for good reason as silver was recognized as a monetary metal constituting the metal of choice for most everyday commercial transactions.