Silver Price in August 2005
In August 2005, silver fell 6.3%, from $7.24 at the end of July to $6.78 per troy ounce on August 31, 2005. The highest close was $7.28 on August 3, 2005, the lowest $6.69 on August 30, 2005, and the average over 23 trading days was $7.01. Today's price is 699.9% higher than the August 2005 close.
- Silver fell 6.3% in US dollars in August 2005, leaving it down 0.4% for the year to date.
- Measured in other currencies, the change ranged from −9.0% in ZAR to −4.8% in TRY, because exchange rates moved too.
- It did worse than gold (+0.9%) and US stocks (−0.9%).
- It closed higher on 10 trading days and lower on 13, with an average daily move of 0.90%.
- At the end of the month it was 17.4% below its highest close since 2000.
- Gold/silver ratio: 59.4 → 64.0.
Silver price chart, August 2005
US dollars per troy ounce · daily closeSilver in other currencies, August 2005
| Currency | Change in the month |
|---|---|
| TRY | −4.8% |
| MXN | −4.9% |
| INR | −5.0% |
| PKR | −6.3% |
| CNY | −6.4% |
| CAD | −7.8% |
| JPY | −7.8% |
| EUR | −8.0% |
| GBP | −8.7% |
| ZAR | −9.0% |
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 2005
| Asset | Change (USD) |
|---|---|
| Silver | −6.3% |
| Gold | +0.9% |
| S&P 500 (with dividends) | −0.9% |
| US inflation (CPI, month) | +0.51% |
| Silver, year to date (end of August) | −0.4% |
| Gold/silver ratio | 59.4 → 64.0 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, August 2005
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 |
|---|---|---|---|---|---|
| Aug 1Mon | $7.28 | +0.59% | $0.23 | ₹10,155 | AED 859.34 |
| Aug 2Tue | $7.24 | −0.59% | $0.23 | ₹10,099 | AED 854.27 |
| Aug 3Wed | $7.28 | +0.64% | $0.23 | ₹10,157 | AED 859.79 |
| Aug 4Thu | $7.23 | −0.74% | $0.23 | ₹10,086 | AED 853.74 |
| Aug 5Fri | $7.14 | −1.29% | $0.23 | ₹9,963 | AED 842.74 |
| Aug 8Mon | $7.00 | −1.98% | $0.22 | ₹9,773 | AED 826.11 |
| Aug 9Tue | $7.02 | +0.29% | $0.23 | ₹9,801 | AED 827.84 |
| Aug 10Wed | $7.06 | +0.64% | $0.23 | ₹9,864 | AED 833.49 |
| Aug 11Thu | $7.17 | +1.53% | $0.23 | ₹10,026 | AED 846.52 |
| Aug 12Fri | $7.08 | −1.30% | $0.23 | ₹9,911 | AED 835.53 |
| Aug 15Mon | $6.95 | −1.74% | $0.22 | ₹9,711 | AED 820.74 |
| Aug 16Tue | $7.03 | +1.15% | $0.23 | ₹9,825 | AED 830.14 |
| Aug 17Wed | $6.99 | −0.68% | $0.22 | ₹9,760 | AED 824.52 |
| Aug 18Thu | $6.99 | +0.07% | $0.22 | ₹9,776 | AED 824.77 |
| Aug 19Fri | $7.00 | +0.14% | $0.23 | ₹9,794 | AED 826.58 |
| Aug 22Mon | $7.05 | +0.77% | $0.23 | ₹9,877 | AED 832.96 |
| Aug 23Tue | $6.96 | −1.30% | $0.22 | ₹9,755 | AED 821.80 |
| Aug 24Wed | $6.92 | −0.63% | $0.22 | ₹9,720 | AED 816.88 |
| Aug 25Thu | $6.83 | −1.30% | $0.22 | ₹9,593 | AED 806.05 |
| Aug 26Fri | $6.74 | −1.29% | $0.22 | ₹9,448 | AED 795.79 |
| Aug 29Mon | $6.73 | −0.15% | $0.22 | ₹9,447 | AED 794.42 |
| Aug 30Tue | $6.69 | −0.58% | $0.22 | ₹9,390 | AED 789.88 |
| Aug 31Wed | $6.78 | +1.35% | $0.22 | ₹9,588 | AED 800.72 |
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 2005: FAQ
What was the price of silver in August 2005?
Silver traded between $6.69 and $7.28 per troy ounce (daily closes) in August 2005, averaging $7.01. It closed the month at $6.78.
How much did silver go down in August 2005?
Silver fell 6.3%, from $7.24 to $6.78. The biggest daily rise was +1.5% on August 11, 2005 and the biggest fall −2.0% on August 8, 2005.
What was the silver price on August 1, 2005?
Silver closed at $7.28 per troy ounce on August 1, 2005, the first trading day of the month. 999 India, ₹ per kg: ₹10,155.
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.
How much did silver change in rupees in August 2005?
Silver fell 5.0% in Indian rupee terms in August 2005, compared with −6.3% in US dollars.
Did silver beat stocks in August 2005?
No. Silver was −6.3% for the month, against −0.9% for the S&P 500 with dividends.
Did silver keep up with inflation in August 2005?
US consumer prices (CPI) changed +0.51% in August, so silver's real (inflation-adjusted) change was about −6.8%.