Silver Price in 2007
In 2007, silver rose 15.4%, closing the year at $14.80 per troy ounce, compared with $12.82 at the end of 2006. The highest close was $15.50 on November 9, 2007 and the lowest $11.47 on August 16, 2007; the average for the year was $13.38. Today's price is 288.8% above the 2007 close.
Silver price chart, 2007
USD per troy ounce · daily closeMonthly Silver Prices in 2007
Month-end close and range, US dollars per troy ounce. Choose a month for every day's price.
| Month | Close | High | Low | Change |
|---|---|---|---|---|
| January | $13.51 | $13.51 | $12.13 | +5.4% |
| February | $14.10 | $14.69 | $13.33 | +4.3% |
| March | $13.39 | $13.53 | $12.64 | −5.0% |
| April | $13.45 | $14.06 | $13.29 | +0.4% |
| May | $13.41 | $13.53 | $12.81 | −0.3% |
| June | $12.35 | $13.76 | $12.21 | −7.9% |
| July | $12.95 | $13.36 | $12.47 | +4.8% |
| August | $12.06 | $13.12 | $11.47 | −6.8% |
| September | $13.79 | $13.79 | $12.19 | +14.3% |
| October | $14.38 | $14.38 | $13.25 | +4.2% |
| November | $13.96 | $15.50 | $13.96 | −2.9% |
| December | $14.80 | $14.80 | $13.83 | +6.0% |
Silver in 2007 at a Glance
- Silver rose 15.4% in US dollars. In PKR terms it rose 17.3%, and in TRY terms it fell 4.8% — the difference comes from currency moves.
- It did better than S&P 500 (with dividends) (+5.5%).
- It did worse than Gold (+31.4%).
- After US inflation of 4.1%, the real change was +10.9%.
- In the futures market, managed money (speculators) went from net long 21,548 to net long 22,282 contracts.
Key Events in 2007
What happened, and how silver moved that day (or the next trading day) and about a month later.
- Thursday, August 9BNP Paribas closes funds exposed to US subprime mortgages, marking the start of the credit crunch. SourceSilver: −3.5% that day · −4.0% a month later
- Friday, September 14Northern Rock receives Bank of England emergency support, triggering a run on the bank. SourceSilver: +0.2% that day · +10.3% a month later
Silver in 2007: records, milestones and the London price chart →
Silver in other currencies, 2007
| Currency | Change |
|---|---|
| PKR | +17.3% |
| MXN | +17.0% |
| GBP | +13.9% |
| ZAR | +12.2% |
| JPY | +8.3% |
| CNY | +8.0% |
| EUR | +4.3% |
| AUD | +4.2% |
| INR | +2.9% |
| CAD | −1.1% |
| TRY | −4.8% |
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, 2007
| Asset | Change (USD) |
|---|---|
| Gold | +31.4% |
| S&P 500 (with dividends) | +5.5% |
| US inflation (CPI) | +4.1% |
Silver Price on Festivals in 2007
| Festival | Date | Price |
|---|---|---|
| Gudi Padwa | Mon 19 Mar | ₹18,607 ₹/kg |
| Akshaya Tritiya | Thu 19 Apr | ₹18,554 ₹/kg |
| Navratri | Fri 12 Oct | ₹17,349 ₹/kg |
| Dussehra | Sun 21 Oct | ₹17,190 ₹/kg |
| Dhanteras | Wed 7 Nov | ₹19,213 ₹/kg |
| Diwali | Fri 9 Nov | ₹19,456 ₹/kg |
International price converted at that day's rate, before local taxes and making charges.
Futures positioning: managed money (speculators) held a net long position of 22,282 contracts on 31 Dec 2007, against net long 21,548 a year earlier. COT report →
Silver in 2007: FAQ
What was the price of silver in 2007?
Silver traded between $11.47 and $15.50 per troy ounce in 2007 (daily closes), averaging $13.38. It closed the year at $14.80.
How much did silver go up in 2007?
Silver rose 15.4% in 2007, from $12.82 to $14.80 per ounce.
What was the highest silver price in 2007?
The highest daily close in 2007 was $15.50 per troy ounce on November 9, 2007.
What was the best month for silver in 2007?
September (+14.3%). The weakest was June (−7.9%).
How much did silver rise in rupees in 2007?
Silver rose 2.9% in Indian rupee terms in 2007, compared with +15.4% in US dollars.
Did silver beat the stock market in 2007?
Yes. Silver was +15.4% for the year, against +5.5% for the S&P 500 with dividends reinvested.
What was the biggest event for silver in 2007?
Of the key events listed on this page, the biggest one-day reaction was on 9 August: BNP Paribas closes funds exposed to US subprime mortgages, marking the start of the credit crunch. Silver moved −3.5% 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).