Silver Price History

Precious metals have a history reaching back thousands of years. Silver was used as money as early as 700 B.C. The silver price history is a story of commerce between free men, the rise and fall of nation-states, wars, manipulation, freedom and tyranny.

Periods of economic uncertainty linked to the collapse of entire civilizations and economies have seen silver turn from a mere good facilitating exchange, to a store of value, and back again many times throughout human history. It is important to study the history of silver and its value through the ages to understand its role in our lives as well as how it is influenced by political economy. However, the silver price has also been responsible for influencing political economy. Governments have always attempted to suppress silver’s natural role as a universally accepted medium of exchange in order to deceive the population into believing that stocks, bonds or IOUs are more valuable than precious metals. It is clear that they have failed in their endeavour time and again, and will continue failing. Silver’s recent rise in price goes hand-in-hand with endless bailouts of insolvent banks and even more insolvent sovereign states.