Silver Price in August 2001
In August 2001, silver fell 1.1%, from $4.21 at the end of July to $4.16 per troy ounce on August 31, 2001. The highest close was $4.26 on August 17, 2001, the lowest $4.14 on August 10, 2001, and the average over 23 trading days was $4.18. Today's price is 1,203.1% higher than the August 2001 close.
- Silver fell 1.1% in US dollars in August 2001, leaving it down 9.2% for the year to date.
- Measured in other currencies, the change ranged from −6.1% in JPY to −1.1% in CNY, because exchange rates moved too.
- It did better than US stocks (−6.3%), and worse than gold (+3.1%).
- It closed higher on 13 trading days and lower on 10, with an average daily move of 0.75%.
- At the end of the month it was 16.8% below its highest close since 2000.
- Gold/silver ratio: 63.2 → 65.9.
Silver price chart, August 2001
US dollars per troy ounce · daily closeSilver in other currencies, August 2001
| Currency | Change in the month |
|---|---|
| CNY | −1.1% |
| JPY | −6.1% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes silver rise more in local terms.
Silver vs other assets, August 2001
| Asset | Change (USD) |
|---|---|
| Silver | −1.1% |
| Gold | +3.1% |
| S&P 500 (with dividends) | −6.3% |
| US inflation (CPI, month) | 0.00% |
| Silver, year to date (end of August) | −9.2% |
| Gold/silver ratio | 63.2 → 65.9 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, August 2001
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Aug 1Wed | $4.22 | +0.17% | $0.14 |
| Aug 2Thu | $4.22 | +0.07% | $0.14 |
| Aug 3Fri | $4.21 | −0.17% | $0.14 |
| Aug 6Mon | $4.18 | −0.83% | $0.13 |
| Aug 7Tue | $4.16 | −0.48% | $0.13 |
| Aug 8Wed | $4.14 | −0.48% | $0.13 |
| Aug 9Thu | $4.21 | +1.62% | $0.14 |
| Aug 10Fri | $4.14 | −1.66% | $0.13 |
| Aug 13Mon | $4.14 | +0.02% | $0.13 |
| Aug 14Tue | $4.19 | +1.33% | $0.13 |
| Aug 15Wed | $4.14 | −1.12% | $0.13 |
| Aug 16Thu | $4.19 | +1.11% | $0.13 |
| Aug 17Fri | $4.26 | +1.60% | $0.14 |
| Aug 20Mon | $4.15 | −2.63% | $0.13 |
| Aug 21Tue | $4.19 | +0.97% | $0.13 |
| Aug 22Wed | $4.20 | +0.41% | $0.14 |
| Aug 23Thu | $4.21 | +0.29% | $0.14 |
| Aug 24Fri | $4.18 | −0.76% | $0.13 |
| Aug 27Mon | $4.19 | +0.29% | $0.13 |
| Aug 28Tue | $4.18 | −0.33% | $0.13 |
| Aug 29Wed | $4.18 | +0.05% | $0.13 |
| Aug 30Thu | $4.16 | −0.62% | $0.13 |
| Aug 31Fri | $4.16 | +0.14% | $0.13 |
How August usually goes for silver
In the 20 years from 2006 to 2025, silver rose in August 10 times out of 20, with an average move of +1.8% and a median of +1.9%.
Silver in August 2001: FAQ
What was the price of silver in August 2001?
Silver traded between $4.14 and $4.26 per troy ounce (daily closes) in August 2001, averaging $4.18. It closed the month at $4.16.
How much did silver go down in August 2001?
Silver fell 1.1%, from $4.21 to $4.16. The biggest daily rise was +1.6% on August 9, 2001 and the biggest fall −2.6% on August 20, 2001.
What was the silver price on August 1, 2001?
Silver closed at $4.22 per troy ounce on August 1, 2001, the first trading day of the month.
Is August usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in August 10 times out of 20, with an average move of +1.8% and a median of +1.9%. Past seasonal patterns are not a reliable guide to any single year.
Did silver beat stocks in August 2001?
Yes. Silver was −1.1% for the month, against −6.3% for the S&P 500 with dividends.
Did silver keep up with inflation in August 2001?
US consumer prices (CPI) changed 0.00% in August, so silver's real (inflation-adjusted) change was about −1.1%.