Silver and Gold — Precious Metals Stored Value This Year Outperforming Crypto Assets in 2022.
27 Dec 2022, 08:00
Silver and Gold — Precious Metals Stored Value This Year Outperforming Crypto Assets in 2022
Gold prices are ending the year a hair below the values recorded 12 months ago. Statistics on Dec. 26, 2021, show the U.S. dollar value per ounce of gold was $1,810 per unit, and today gold is $1,797 per ounce. Silver, on the other hand, managed to increase a hair in value since last year, as prices climbed from $23.04 per unit to the current USD value of around $23.72 on Dec. 26, 2022.
Gold Dropped a Hair During the Last Year, While Silver Rose a Touch — Precious Metal Assets Managed to Hold Value All Year Long Despite the Macroeconomic Calamity and Energy CrisisWhile precious metals like gold and silver fluctuated in U.S. dollar value during the last year, gold and silver year-to-date price statistics show prices are pretty much the same as last year. Gold is down a touch during the last 12 months as it was trading for $1,810 per ounce and today it’s trading 0.71% lower at $1,797 per ounce. Silver was $23.04 per ounce and today it’s 2.95% higher in value at $23.72 an ounce.
2022 was an interesting year for gold as the precious metal reached a lifetime price high on March 8, 2022, as one ounce of gold reached $2,070 per unit. While silver tapped a high on the same day, the metal still has a long way to go before catching up to the $40 an ounce range reached in 2011. Silver came awfully close to surpassing the $27 per unit range on March 8, 2022.