Silver Price Demonstrates Solid Strength in 2008

Price Posts Best Annual Average Since 1980

(Washington, D.C. – January 8, 2009) The silver price, per ounce, in 2008 averaged a strong US$14.98, a nearly 12-percent increase over the 2007 average price of US$13.38; the best average annual price since 1980. A key development in silver’s fortune has been renewed investor interest in the white metal, which began in earnest in 2004 and continues today, as illustrated in the chart below.

In fact, the Wall Street Journal (December 31, 2008), in the Return on Investment Column, stated that silver is one of the ten investments to watch in 2009. “There are many ways in which to invest in silver, from silver bullion in coin or bar form, to exchange-traded funds, to mining company shares, as well as additional investment opportunities. We invite interested parties to visit our web site where these and other options are discussed,” said Michael DiRienzo, Executive Director of the Silver Institute.

The Silver Institute is a nonprofit international industry association headquartered in Washington, D.C. Established in 1971, the Institute serves as the industry’s voice in increasing public understanding of the value and many uses of silver. The Silver Institute’s web site can be found at www.silverinstitute.org.

 

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For Further Information Contact:

Mike DiRienzo
The Silver Institute
888 16th Street, N.W., Suite 303
Washington, D.C. 20006
Tel: (202) 835-0185
Fax: (202) 835-0155