Silver Prices Today, July 2: Halved Compared to Beginning of the Year, International Silver Price Falls Below $60 Mark
As of July 2, based on Korea Gold Exchange prices, the buying price of silver (Silver, 3.75g) was recorded at 12,250 won and the selling price at 10,350 won. Co

As of July 2, based on Korea Gold Exchange prices, the buying price of silver (Silver, 3.75g) was recorded at 12,250 won and the selling price at 10,350 won. Compared to the previous day, the buying price rose by 230 won (1.88%) and the selling price also increased by 300 won (2.9%), showing a slight rebound.
What about international silver prices? As of now, based on SI New York Mercantile Exchange quotes, the international silver price is recording around $59.65 per ounce, falling below the $60 mark. In particular, compared to January this year when it exceeded the $110-per-ounce level, the current price has dropped significantly to roughly half.
Meanwhile, silver, along with gold, is one of the most representative precious metals that humanity has long recognized as a valuable asset. Since ancient times, it has been used as a key medium for coins, ornaments, and international trade, and historically, it served as a monetary standard across various civilizations and was utilized as an important means of settlement in trade between nations. In modern times, along with gold, it formed the basis of the gold-silver standard and served as one pillar of the international financial order.
This historical background is cited as one of the reasons silver continues to attract attention as a physical asset today. In modern times, silver is evaluated not merely as an ornamental material but as an asset that simultaneously possesses two characteristics: a 'safe-haven asset' and an 'industrial raw material.'
[※ This article is not intended to solicit investment. The final judgment and responsibility for all investments lie with the investor.]
CBC Globe publishes verified stories with editorial review, source checks, and tenant-specific publication standards.



