Silver Price in March 2005
In March 2005, silver fell 2.3%, from $7.36 at the end of February to $7.19 per troy ounce on March 31, 2005. The highest close was $7.60 on March 9, 2005, the lowest $6.91 on March 28, 2005, and the average over 21 trading days was $7.27. Today's price is 646.5% higher than the March 2005 close.
- Silver fell 2.3% in US dollars in March 2005, leaving it up 5.6% for the year to date.
- Measured in other currencies, the change ranged from −4.2% in CAD to +4.4% in ZAR, because exchange rates moved too.
- It did worse than gold (−1.8%) and US stocks (−1.8%).
- It closed higher on 9 trading days and lower on 12, with an average daily move of 1.19%.
- At the end of the month it was 12.4% below its highest close since 2000.
- Gold/silver ratio: 59.3 → 59.6.
Silver price chart, March 2005
US dollars per troy ounce · daily closeSilver in other currencies, March 2005
| Currency | Change in the month |
|---|---|
| ZAR | +4.4% |
| TRY | +3.1% |
| JPY | +0.2% |
| EUR | −0.4% |
| GBP | −0.7% |
| MXN | −1.6% |
| PKR | −1.9% |
| INR | −2.2% |
| CNY | −2.3% |
| CAD | −4.2% |
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, March 2005
| Asset | Change (USD) |
|---|---|
| Silver | −2.3% |
| Gold | −1.8% |
| S&P 500 (with dividends) | −1.8% |
| US inflation (CPI, month) | +0.78% |
| Silver, year to date (end of March) | +5.6% |
| Gold/silver ratio | 59.3 → 59.6 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, March 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 |
|---|---|---|---|---|---|
| Mar 1Tue | $7.23 | −1.77% | $0.23 | ₹10,143 | AED 853.21 |
| Mar 2Wed | $7.31 | +1.08% | $0.23 | ₹10,252 | AED 862.41 |
| Mar 3Thu | $7.23 | −1.07% | $0.23 | ₹10,129 | AED 853.21 |
| Mar 4Fri | $7.35 | +1.66% | $0.24 | ₹10,294 | AED 867.58 |
| Mar 7Mon | $7.36 | +0.14% | $0.24 | ₹10,312 | AED 868.76 |
| Mar 8Tue | $7.50 | +1.94% | $0.24 | ₹10,506 | AED 885.43 |
| Mar 9Wed | $7.60 | +1.36% | $0.24 | ₹10,654 | AED 897.47 |
| Mar 10Thu | $7.49 | −1.47% | $0.24 | ₹10,478 | AED 884.25 |
| Mar 11Fri | $7.54 | +0.57% | $0.24 | ₹10,516 | AED 889.54 |
| Mar 14Mon | $7.38 | −2.06% | $0.24 | ₹10,312 | AED 871.03 |
| Mar 15Tue | $7.38 | −0.04% | $0.24 | ₹10,312 | AED 870.67 |
| Mar 16Wed | $7.43 | +0.65% | $0.24 | ₹10,396 | AED 876.34 |
| Mar 17Thu | $7.39 | −0.54% | $0.24 | ₹10,340 | AED 871.81 |
| Mar 18Fri | $7.38 | −0.11% | $0.24 | ₹10,329 | AED 871.08 |
| Mar 21Mon | $7.10 | −3.80% | $0.23 | ₹9,937 | AED 837.63 |
| Mar 22Tue | $7.07 | −0.38% | $0.23 | ₹9,922 | AED 834.44 |
| Mar 23Wed | $6.98 | −1.32% | $0.22 | ₹9,794 | AED 823.87 |
| Mar 24Thu | $6.93 | −0.63% | $0.22 | ₹9,727 | AED 818.47 |
| Mar 28Mon | $6.91 | −0.33% | $0.22 | ₹9,697 | AED 815.93 |
| Mar 29Tue | $7.01 | +1.48% | $0.23 | ₹9,841 | AED 827.80 |
| Mar 31Thu | $7.19 | +2.55% | $0.23 | ₹10,082 | AED 849.14 |
How March usually goes for silver
In the 20 years from 2006 to 2025, silver rose in March 9 times out of 20, with an average move of +1.0% and a median of −0.5%.
Silver in March 2005: FAQ
What was the price of silver in March 2005?
Silver traded between $6.91 and $7.60 per troy ounce (daily closes) in March 2005, averaging $7.27. It closed the month at $7.19.
How much did silver go down in March 2005?
Silver fell 2.3%, from $7.36 to $7.19. The biggest daily rise was +2.6% on March 31, 2005 and the biggest fall −3.8% on March 21, 2005.
What was the silver price on March 1, 2005?
Silver closed at $7.23 per troy ounce on March 1, 2005, the first trading day of the month. 999 India, ₹ per kg: ₹10,143.
Is March usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in March 9 times out of 20, with an average move of +1.0% and a median of −0.5%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in March 2005?
Silver fell 2.2% in Indian rupee terms in March 2005, compared with −2.3% in US dollars.
Did silver beat stocks in March 2005?
No. Silver was −2.3% for the month, against −1.8% for the S&P 500 with dividends.
Did silver keep up with inflation in March 2005?
US consumer prices (CPI) changed +0.78% in March, so silver's real (inflation-adjusted) change was about −3.0%.