Latest rates and charts of silver priced in both Canadian and US Dollars.
The CDF exchange is ICE, rates are not guaranteed to be 100% accurate.
Chart is courtesy of Tradingview
People have yearned to possess silver and gold for more than 6000 years. Gold and silver became de facto money around 600 bc when they were started to be used as coins for trade. For more than 2600 years, silver and gold have proven themselves as the ultimate money.
On august 15, 1971 the world for the first time began being operated on a 100% fiat currency reserve and faith based monetary system. This was the date when former U.S. president Richard Nixon cut the last ties between gold and the U.S. federal reserve note (mistakenly called U.S. dollars to this day). Today all physical and digital government issued currencies are fiat and their values are based on people’s faith and confidence.
The British pound Sterling, founded in 1694, is the oldest currency in existence. The British pound was originally valued as 12 ounces of silver, but after Britain ended the pound’s ties to the gold standard in 1931, the pound’s value started to fall. The once proud reserve currency of the world is now worth less than 1/200 or 0.5% of its original value. In other words, the most successful long-standing currency in existence has lost 99.5% of its value. So it is historic fact that fiat currencies only last a handful of decades before they eventually all end worthless. The same cannot be said for silver or gold monies.
External links
Related informative and usefull webpages
Silverprice.org
Kitco [ kitco.com ]