Silver Price in July 2005
In July 2005, silver rose 3.0%, from $7.03 at the end of June to $7.24 per troy ounce on July 29, 2005. The highest close was $7.24 on July 29, 2005, the lowest $6.83 on July 5, 2005, and the average over 20 trading days was $7.01. Today's price is 646.0% higher than the July 2005 close.
- Silver rose 3.0% in US dollars in July 2005, leaving it up 6.3% for the year to date.
- Measured in other currencies, the change ranged from +0.9% in CNY to +4.9% in GBP, because exchange rates moved too.
- It did better than gold (−1.4%), and worse than US stocks (+3.7%).
- It closed higher on 11 trading days and lower on 9, with an average daily move of 0.82%.
- At the end of the month it was 11.8% below its highest close since 2000.
- Gold/silver ratio: 62.0 → 59.4.
Silver price chart, July 2005
US dollars per troy ounce · daily closeSilver in other currencies, July 2005
| Currency | Change in the month |
|---|---|
| GBP | +4.9% |
| JPY | +4.5% |
| PKR | +2.9% |
| INR | +2.7% |
| EUR | +2.7% |
| TRY | +2.6% |
| MXN | +1.7% |
| CAD | +1.6% |
| ZAR | +1.3% |
| CNY | +0.9% |
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, July 2005
| Asset | Change (USD) |
|---|---|
| Silver | +3.0% |
| Gold | −1.4% |
| S&P 500 (with dividends) | +3.7% |
| US inflation (CPI, month) | +0.46% |
| Silver, year to date (end of July) | +6.3% |
| Gold/silver ratio | 62.0 → 59.4 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in July 2005
- Thursday, July 21China ends the yuan's dollar peg, revaluing it to 8.11 per dollar. SourceSilver: +1.0% that day
Daily Silver Prices, July 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 |
|---|---|---|---|---|---|
| Jul 1Fri | $6.85 | −2.52% | $0.22 | ₹9,582 | AED 808.99 |
| Jul 5Tue | $6.83 | −0.31% | $0.22 | ₹9,552 | AED 806.25 |
| Jul 6Wed | $6.92 | +1.26% | $0.22 | ₹9,672 | AED 816.40 |
| Jul 7Thu | $6.95 | +0.48% | $0.22 | ₹9,732 | AED 820.29 |
| Jul 8Fri | $6.99 | +0.65% | $0.22 | ₹9,791 | AED 825.87 |
| Jul 11Mon | $7.07 | +1.07% | $0.23 | ₹9,877 | AED 834.46 |
| Jul 12Tue | $7.05 | −0.30% | $0.23 | ₹9,848 | AED 832.00 |
| Jul 13Wed | $7.03 | −0.21% | $0.23 | ₹9,816 | AED 830.46 |
| Jul 14Thu | $6.96 | −1.02% | $0.22 | ₹9,717 | AED 821.96 |
| Jul 15Fri | $6.96 | −0.07% | $0.22 | ₹9,722 | AED 821.39 |
| Jul 18Mon | $6.97 | +0.26% | $0.22 | ₹9,743 | AED 823.51 |
| Jul 19Tue | $6.95 | −0.29% | $0.22 | ₹9,730 | AED 821.15 |
| Jul 20Wed | $7.04 | +1.21% | $0.23 | ₹9,832 | AED 830.80 |
| Jul 21Thu | $7.11 | +0.97% | $0.23 | ₹9,824 | AED 838.85 |
| Jul 22Fri | $7.09 | −0.28% | $0.23 | ₹9,899 | AED 836.72 |
| Jul 25Mon | $7.11 | +0.38% | $0.23 | ₹9,939 | AED 839.74 |
| Jul 26Tue | $6.99 | −1.69% | $0.22 | ₹9,760 | AED 825.58 |
| Jul 27Wed | $7.02 | +0.31% | $0.23 | ₹9,775 | AED 828.17 |
| Jul 28Thu | $7.17 | +2.27% | $0.23 | ₹9,992 | AED 846.71 |
| Jul 29Fri | $7.24 | +0.89% | $0.23 | ₹10,088 | AED 854.66 |
How July usually goes for silver
In the 20 years from 2006 to 2025, silver rose in July 13 times out of 20, with an average move of +3.5% and a median of +1.5%.
Silver in July 2005: FAQ
What was the price of silver in July 2005?
Silver traded between $6.83 and $7.24 per troy ounce (daily closes) in July 2005, averaging $7.01. It closed the month at $7.24.
How much did silver go up in July 2005?
Silver rose 3.0%, from $7.03 to $7.24. The biggest daily rise was +2.3% on July 28, 2005 and the biggest fall −2.5% on July 1, 2005.
What was the silver price on July 1, 2005?
Silver closed at $6.85 per troy ounce on July 1, 2005, the first trading day of the month. 999 India, ₹ per kg: ₹9,582.
Is July usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in July 13 times out of 20, with an average move of +3.5% 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 July 2005?
Silver rose 2.7% in Indian rupee terms in July 2005, compared with +3.0% in US dollars.
Did silver beat stocks in July 2005?
No. Silver was +3.0% for the month, against +3.7% for the S&P 500 with dividends.
Did silver keep up with inflation in July 2005?
US consumer prices (CPI) changed +0.46% in July, so silver's real (inflation-adjusted) change was about +2.5%.