Silver Price in 2004
In 2004, silver rose 14.3%, closing the year at $6.81 per troy ounce, compared with $5.95 at the end of 2003. The highest close was $8.21 on April 6, 2004 and the lowest $5.51 on May 11, 2004; the average for the year was $6.68. Today's price is 745.2% above the 2004 close.
Silver price chart, 2004
USD per troy ounce · daily closeMonthly Silver Prices in 2004
Month-end close and range, US dollars per troy ounce. Choose a month for every day's price.
| Month | Close | High | Low | Change |
|---|---|---|---|---|
| January | $6.25 | $6.63 | $6.20 | +4.9% |
| February | $6.70 | $6.78 | $6.04 | +7.2% |
| March | $7.94 | $7.94 | $6.71 | +18.5% |
| April | $6.08 | $8.21 | $5.82 | −23.4% |
| May | $6.11 | $6.19 | $5.51 | +0.4% |
| June | $5.78 | $6.17 | $5.63 | −5.4% |
| July | $6.55 | $6.71 | $5.94 | +13.4% |
| August | $6.77 | $6.87 | $6.52 | +3.4% |
| September | $6.92 | $6.92 | $6.13 | +2.1% |
| October | $7.29 | $7.36 | $6.74 | +5.4% |
| November | $7.72 | $7.77 | $7.01 | +5.9% |
| December | $6.81 | $8.03 | $6.69 | −11.9% |
Silver in 2004 at a Glance
- Silver rose 14.3% in US dollars. In PKR terms it rose 17.7%, and in ZAR terms it fell 3.3% — the difference comes from currency moves.
- It did better than Gold (+5.2%) and S&P 500 (with dividends) (+10.9%).
- After US inflation of 3.3%, the real change was +10.7%.
Key Events in 2004
What happened, and how silver moved that day (or the next trading day) and about a month later.
- Monday, March 8European central banks sign a second Central Bank Gold Agreement. SourceSilver: −0.1% that day · +16.1% a month later
- Thursday, November 18streetTRACKS Gold Shares (GLD), a gold-backed ETF, begins trading on the NYSE. SourceSilver: −1.5% that day · −10.9% a month later
Silver in 2004: records, milestones and the London price chart →
Silver in other currencies, 2004
| Currency | Change |
|---|---|
| PKR | +17.7% |
| CNY | +14.3% |
| MXN | +13.8% |
| INR | +9.6% |
| JPY | +9.6% |
| GBP | +6.3% |
| CAD | +6.1% |
| EUR | +5.6% |
| ZAR | −3.3% |
Price in each currency at the year-end exchange rate, year-end to year-end. A falling currency makes silver rise more in local terms.
Silver vs other assets, 2004
| Asset | Change (USD) |
|---|---|
| Gold | +5.2% |
| S&P 500 (with dividends) | +10.9% |
| US inflation (CPI) | +3.3% |
Silver Price on Festivals in 2004
| Festival | Date | Price |
|---|---|---|
| Gudi Padwa | Sun 21 Mar | ₹10,947 ₹/kg |
| Akshaya Tritiya | Thu 22 Apr | ₹8,509 ₹/kg |
| Navratri | Fri 15 Oct | ₹10,431 ₹/kg |
| Dussehra | Fri 22 Oct | ₹10,725 ₹/kg |
| Dhanteras | Wed 10 Nov | ₹10,737 ₹/kg |
| Diwali | Fri 12 Nov | ₹11,025 ₹/kg |
International price converted at that day's rate, before local taxes and making charges.
Silver in 2004: FAQ
What was the price of silver in 2004?
Silver traded between $5.51 and $8.21 per troy ounce in 2004 (daily closes), averaging $6.68. It closed the year at $6.81.
How much did silver go up in 2004?
Silver rose 14.3% in 2004, from $5.95 to $6.81 per ounce.
What was the highest silver price in 2004?
The highest daily close in 2004 was $8.21 per troy ounce on April 6, 2004.
What was the best month for silver in 2004?
March (+18.5%). The weakest was April (−23.4%).
How much did silver rise in rupees in 2004?
Silver rose 9.6% in Indian rupee terms in 2004, compared with +14.3% in US dollars.
Did silver beat the stock market in 2004?
Yes. Silver was +14.3% for the year, against +10.9% for the S&P 500 with dividends reinvested.
What was the biggest event for silver in 2004?
Of the key events listed on this page, the biggest one-day reaction was on 18 November: streetTRACKS Gold Shares (GLD), a gold-backed ETF, begins trading on the NYSE. Silver moved −1.5% that day.
Daily closing prices of COMEX front-month silver futures (US dollars per troy ounce), which track the spot price closely. Download the full daily series as CSV (free to use with a link to this site).