Silver Price in May 2001
In May 2001, silver rose 1.8%, from $4.32 at the end of April to $4.40 per troy ounce on May 31, 2001. The highest close was $4.60 on May 24, 2001, the lowest $4.29 on May 7, 2001, and the average over 22 trading days was $4.42. Today's price is 1,133.7% higher than the May 2001 close.
- Silver rose 1.8% in US dollars in May 2001, leaving it down 4.1% for the year to date.
- Measured in other currencies, the change ranged from −1.7% in JPY to −1.7% in JPY, because exchange rates moved too.
- It did better than gold (+0.5%) and US stocks (+0.7%).
- It closed higher on 11 trading days and lower on 11, with an average daily move of 0.93%.
- At the end of the month it was 12.2% below its highest close since 2000.
- Gold/silver ratio: 61.1 → 60.4.
Silver price chart, May 2001
US dollars per troy ounce · daily closeSilver in other currencies, May 2001
| Currency | Change in the month |
|---|---|
| JPY | −1.7% |
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, May 2001
| Asset | Change (USD) |
|---|---|
| Silver | +1.8% |
| Gold | +0.5% |
| S&P 500 (with dividends) | +0.7% |
| US inflation (CPI, month) | +0.45% |
| Silver, year to date (end of May) | −4.1% |
| Gold/silver ratio | 61.1 → 60.4 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, May 2001
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| May 1Tue | $4.35 | +0.69% | $0.14 |
| May 2Wed | $4.36 | +0.23% | $0.14 |
| May 3Thu | $4.33 | −0.69% | $0.14 |
| May 4Fri | $4.33 | −0.07% | $0.14 |
| May 7Mon | $4.29 | −0.76% | $0.14 |
| May 8Tue | $4.30 | +0.23% | $0.14 |
| May 9Wed | $4.39 | +1.91% | $0.14 |
| May 10Thu | $4.32 | −1.44% | $0.14 |
| May 11Fri | $4.31 | −0.30% | $0.14 |
| May 14Mon | $4.33 | +0.51% | $0.14 |
| May 15Tue | $4.30 | −0.85% | $0.14 |
| May 16Wed | $4.44 | +3.33% | $0.14 |
| May 17Thu | $4.47 | +0.72% | $0.14 |
| May 18Fri | $4.55 | +1.83% | $0.15 |
| May 21Mon | $4.53 | −0.57% | $0.15 |
| May 22Tue | $4.54 | +0.40% | $0.15 |
| May 23Wed | $4.56 | +0.35% | $0.15 |
| May 24Thu | $4.60 | +0.94% | $0.15 |
| May 25Fri | $4.56 | −0.87% | $0.15 |
| May 29Tue | $4.52 | −0.88% | $0.15 |
| May 30Wed | $4.42 | −2.21% | $0.14 |
| May 31Thu | $4.40 | −0.61% | $0.14 |
How May usually goes for silver
In the 20 years from 2006 to 2025, silver rose in May 9 times out of 20, with an average move of +0.3% and a median of −0.7%.
Silver in May 2001: FAQ
What was the price of silver in May 2001?
Silver traded between $4.29 and $4.60 per troy ounce (daily closes) in May 2001, averaging $4.42. It closed the month at $4.40.
How much did silver go up in May 2001?
Silver rose 1.8%, from $4.32 to $4.40. The biggest daily rise was +3.3% on May 16, 2001 and the biggest fall −2.2% on May 30, 2001.
What was the silver price on May 1, 2001?
Silver closed at $4.35 per troy ounce on May 1, 2001, the first trading day of the month.
Is May usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in May 9 times out of 20, with an average move of +0.3% and a median of −0.7%. Past seasonal patterns are not a reliable guide to any single year.
Did silver beat stocks in May 2001?
Yes. Silver was +1.8% for the month, against +0.7% for the S&P 500 with dividends.
Did silver keep up with inflation in May 2001?
US consumer prices (CPI) changed +0.45% in May, so silver's real (inflation-adjusted) change was about +1.3%.