Silver Price in May 2007
In May 2007, silver fell 0.3%, from $13.45 at the end of April to $13.41 per troy ounce on May 31, 2007. The highest close was $13.53 on May 7, 2007, the lowest $12.81 on May 17, 2007, and the average over 22 trading days was $13.15. Today's price is 300.3% higher than the May 2007 close.
- Silver fell 0.3% in US dollars in May 2007, leaving it up 4.6% for the year to date.
- Measured in other currencies, the change ranged from −4.0% in TRY to +1.7% in JPY, because exchange rates moved too.
- It did better than gold (−2.9%), and worse than US stocks (+3.5%).
- It closed higher on 11 trading days and lower on 11, with an average daily move of 1.04%.
- At the end of the month it was 9.7% below its highest close since 2000.
- Gold/silver ratio: 50.6 → 49.3.
Silver price chart, May 2007
US dollars per troy ounce · daily closeSilver in other currencies, May 2007
| Currency | Change in the month |
|---|---|
| JPY | +1.7% |
| EUR | +1.2% |
| GBP | +0.7% |
| ZAR | +0.5% |
| AUD | −0.1% |
| PKR | −0.2% |
| CNY | −1.0% |
| INR | −1.3% |
| MXN | −2.4% |
| CAD | −3.8% |
| TRY | −4.0% |
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, May 2007
| Asset | Change (USD) |
|---|---|
| Silver | −0.3% |
| Gold | −2.9% |
| S&P 500 (with dividends) | +3.5% |
| US inflation (CPI, month) | +0.61% |
| Silver, year to date (end of May) | +4.6% |
| Gold/silver ratio | 50.6 → 49.3 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, May 2007
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 |
|---|---|---|---|---|---|
| May 1Tue | $13.25 | −1.49% | $0.43 | ₹17,508 | AED 1,563.67 |
| May 2Wed | $13.21 | −0.23% | $0.42 | ₹17,408 | AED 1,560.01 |
| May 3Thu | $13.39 | +1.35% | $0.43 | ₹17,626 | AED 1,581.10 |
| May 4Fri | $13.42 | +0.16% | $0.43 | ₹17,474 | AED 1,583.70 |
| May 7Mon | $13.53 | +0.83% | $0.43 | ₹17,701 | AED 1,596.66 |
| May 8Tue | $13.49 | −0.28% | $0.43 | ₹17,647 | AED 1,592.48 |
| May 9Wed | $13.36 | −0.95% | $0.43 | ₹17,446 | AED 1,577.32 |
| May 10Thu | $13.04 | −2.40% | $0.42 | ₹17,280 | AED 1,539.34 |
| May 11Fri | $13.21 | +1.30% | $0.42 | ₹17,275 | AED 1,559.50 |
| May 14Mon | $13.14 | −0.51% | $0.42 | ₹17,178 | AED 1,550.92 |
| May 15Tue | $13.23 | +0.64% | $0.43 | ₹17,383 | AED 1,561.39 |
| May 16Wed | $12.84 | −2.90% | $0.41 | ₹16,829 | AED 1,516.21 |
| May 17Thu | $12.81 | −0.29% | $0.41 | ₹16,687 | AED 1,511.84 |
| May 18Fri | $12.93 | +0.94% | $0.42 | ₹16,750 | AED 1,525.80 |
| May 21Mon | $13.06 | +1.01% | $0.42 | ₹17,016 | AED 1,541.02 |
| May 22Tue | $12.92 | −1.06% | $0.42 | ₹16,839 | AED 1,524.65 |
| May 23Wed | $13.04 | +0.90% | $0.42 | ₹16,969 | AED 1,538.17 |
| May 24Thu | $12.85 | −1.40% | $0.41 | ₹16,733 | AED 1,516.66 |
| May 25Fri | $12.94 | +0.65% | $0.42 | ₹16,724 | AED 1,526.66 |
| May 29Tue | $13.16 | +1.72% | $0.42 | ₹17,078 | AED 1,553.02 |
| May 30Wed | $13.16 | −0.02% | $0.42 | ₹17,141 | AED 1,552.50 |
| May 31Thu | $13.41 | +1.93% | $0.43 | ₹17,480 | AED 1,582.56 |
How May usually goes for silver
In the 20 years from 2006 to 2025, silver rose in May 9 times out of 20, with an average move of +0.3% and a median of −0.7%.
Silver in May 2007: FAQ
What was the price of silver in May 2007?
Silver traded between $12.81 and $13.53 per troy ounce (daily closes) in May 2007, averaging $13.15. It closed the month at $13.41.
How much did silver go down in May 2007?
Silver fell 0.3%, from $13.45 to $13.41. The biggest daily rise was +1.9% on May 31, 2007 and the biggest fall −2.9% on May 16, 2007.
What was the silver price on May 1, 2007?
Silver closed at $13.25 per troy ounce on May 1, 2007, the first trading day of the month. 999 India, ₹ per kg: ₹17,508.
Is May usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in May 9 times out of 20, with an average move of +0.3% and a median of −0.7%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in May 2007?
Silver fell 1.3% in Indian rupee terms in May 2007, compared with −0.3% in US dollars.
Did silver beat stocks in May 2007?
No. Silver was −0.3% for the month, against +3.5% for the S&P 500 with dividends.
Did silver keep up with inflation in May 2007?
US consumer prices (CPI) changed +0.61% in May, so silver's real (inflation-adjusted) change was about −0.9%.