Silver Price in December 2004
In December 2004, silver fell 11.9%, from $7.72 at the end of November to $6.81 per troy ounce on December 30, 2004. The highest close was $8.03 on December 1, 2004, the lowest $6.69 on December 16, 2004, and the average over 21 trading days was $7.10. Today's price is 696.8% higher than the December 2004 close.
- Silver fell 11.9% in US dollars in December 2004, leaving it up 14.3% for the year to date.
- Measured in other currencies, the change ranged from −14.2% in ZAR to −10.6% in CAD, because exchange rates moved too.
- It did worse than gold (−3.1%) and US stocks (+3.4%).
- It closed higher on 11 trading days and lower on 10, with an average daily move of 1.95%.
- At the end of the month it was 17.1% below its highest close since 2000.
- Gold/silver ratio: 58.4 → 64.3.
Silver price chart, December 2004
US dollars per troy ounce · daily closeSilver in other currencies, December 2004
| Currency | Change in the month |
|---|---|
| CAD | −10.6% |
| JPY | −11.9% |
| CNY | −11.9% |
| MXN | −12.4% |
| GBP | −12.5% |
| PKR | −12.8% |
| INR | −13.4% |
| EUR | −14.0% |
| ZAR | −14.2% |
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, December 2004
| Asset | Change (USD) |
|---|---|
| Silver | −11.9% |
| Gold | −3.1% |
| S&P 500 (with dividends) | +3.4% |
| US inflation (CPI, month) | −0.37% |
| Silver, year to date (end of December) | +14.3% |
| Gold/silver ratio | 58.4 → 64.3 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, December 2004
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 999 India, ₹ per kg | UAE, AED per kg |
|---|---|---|---|---|---|
| Dec 1Wed | $8.03 | +3.92% | $0.26 | ₹11,413 | AED 947.40 |
| Dec 2Thu | $7.91 | −1.47% | $0.25 | ₹11,174 | AED 933.47 |
| Dec 3Fri | $8.00 | +1.11% | $0.26 | ₹11,309 | AED 943.86 |
| Dec 6Mon | $7.92 | −1.00% | $0.25 | ₹11,099 | AED 934.42 |
| Dec 7Tue | $7.84 | −0.99% | $0.25 | ₹10,985 | AED 925.21 |
| Dec 8Wed | $7.10 | −9.39% | $0.23 | ₹9,993 | AED 838.33 |
| Dec 9Thu | $6.76 | −4.82% | $0.22 | ₹9,574 | AED 797.96 |
| Dec 10Fri | $6.71 | −0.80% | $0.22 | ₹9,609 | AED 791.59 |
| Dec 13Mon | $6.79 | +1.30% | $0.22 | ₹9,617 | AED 801.86 |
| Dec 14Tue | $6.72 | −1.10% | $0.22 | ₹9,502 | AED 793.00 |
| Dec 15Wed | $6.84 | +1.86% | $0.22 | ₹9,665 | AED 807.76 |
| Dec 16Thu | $6.69 | −2.24% | $0.22 | ₹9,397 | AED 789.70 |
| Dec 17Fri | $6.77 | +1.14% | $0.22 | ₹9,550 | AED 798.73 |
| Dec 20Mon | $6.83 | +0.95% | $0.22 | ₹9,612 | AED 806.22 |
| Dec 21Tue | $6.90 | +0.95% | $0.22 | ₹9,676 | AED 813.90 |
| Dec 22Wed | $6.80 | −1.33% | $0.22 | ₹9,573 | AED 803.28 |
| Dec 23Thu | $6.88 | +1.18% | $0.22 | ₹9,646 | AED 812.48 |
| Dec 27Mon | $6.97 | +1.31% | $0.22 | ₹9,777 | AED 823.10 |
| Dec 28Tue | $7.03 | +0.76% | $0.23 | ₹9,856 | AED 829.36 |
| Dec 29Wed | $6.80 | −3.26% | $0.22 | ₹9,513 | AED 802.33 |
| Dec 30Thu | $6.81 | +0.15% | $0.22 | ₹9,554 | AED 803.51 |
How December usually goes for silver
In the 20 years from 2006 to 2025, silver rose in December 11 times out of 20, with an average move of +2.0% and a median of +1.5%.
Silver in December 2004: FAQ
What was the price of silver in December 2004?
Silver traded between $6.69 and $8.03 per troy ounce (daily closes) in December 2004, averaging $7.10. It closed the month at $6.81.
How much did silver go down in December 2004?
Silver fell 11.9%, from $7.72 to $6.81. The biggest daily rise was +3.9% on December 1, 2004 and the biggest fall −9.4% on December 8, 2004.
What was the silver price on December 1, 2004?
Silver closed at $8.03 per troy ounce on December 1, 2004, the first trading day of the month. 999 India, ₹ per kg: ₹11,413.
Is December usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in December 11 times out of 20, with an average move of +2.0% and a median of +1.5%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in December 2004?
Silver fell 13.4% in Indian rupee terms in December 2004, compared with −11.9% in US dollars.
Did silver beat stocks in December 2004?
No. Silver was −11.9% for the month, against +3.4% for the S&P 500 with dividends.
Did silver keep up with inflation in December 2004?
US consumer prices (CPI) changed −0.37% in December, so silver's real (inflation-adjusted) change was about −11.5%.