Silver Price in November 2007
In November 2007, silver fell 2.9%, from $14.38 at the end of October to $13.96 per troy ounce on November 30, 2007. The highest close was $15.50 on November 9, 2007, the lowest $13.96 on November 30, 2007, and the average over 21 trading days was $14.66. Today's price is 286.7% higher than the November 2007 close.
- Silver fell 2.9% in US dollars in November 2007, leaving it up 8.9% for the year to date.
- Measured in other currencies, the change ranged from −5.9% in JPY to +2.6% in CAD, because exchange rates moved too.
- It did better than US stocks (−4.2%), and worse than gold (−1.2%).
- It closed higher on 10 trading days and lower on 11, with an average daily move of 1.77%.
- At the end of the month it was 9.9% below its highest close since 2000.
- Gold/silver ratio: 55.1 → 56.0.
Silver price chart, November 2007
US dollars per troy ounce · daily closeSilver in other currencies, November 2007
| Currency | Change in the month |
|---|---|
| CAD | +2.6% |
| AUD | +2.2% |
| ZAR | +1.5% |
| MXN | −0.5% |
| GBP | −1.8% |
| PKR | −2.1% |
| INR | −2.2% |
| TRY | −2.3% |
| CNY | −3.8% |
| EUR | −4.4% |
| JPY | −5.9% |
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, November 2007
| Asset | Change (USD) |
|---|---|
| Silver | −2.9% |
| Gold | −1.2% |
| S&P 500 (with dividends) | −4.2% |
| US inflation (CPI, month) | +0.59% |
| Silver, year to date (end of November) | +8.9% |
| Gold/silver ratio | 55.1 → 56.0 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, November 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 |
|---|---|---|---|---|---|
| Nov 1Thu | $14.27 | −0.74% | $0.46 | ₹18,010 | AED 1,684.22 |
| Nov 2Fri | $14.55 | +1.93% | $0.47 | ₹18,330 | AED 1,716.84 |
| Nov 5Mon | $14.73 | +1.28% | $0.47 | ₹18,593 | AED 1,738.47 |
| Nov 6Tue | $15.33 | +4.04% | $0.49 | ₹19,324 | AED 1,808.68 |
| Nov 7Wed | $15.27 | −0.36% | $0.49 | ₹19,213 | AED 1,802.63 |
| Nov 8Thu | $15.47 | +1.28% | $0.50 | ₹19,518 | AED 1,825.65 |
| Nov 9Fri | $15.50 | +0.21% | $0.50 | ₹19,456 | AED 1,828.93 |
| Nov 12Mon | $14.72 | −5.03% | $0.47 | ₹18,585 | AED 1,736.88 |
| Nov 13Tue | $14.57 | −1.01% | $0.47 | ₹18,436 | AED 1,719.47 |
| Nov 14Wed | $15.03 | +3.14% | $0.48 | ₹18,970 | AED 1,773.51 |
| Nov 15Thu | $14.45 | −3.84% | $0.46 | ₹18,220 | AED 1,705.28 |
| Nov 16Fri | $14.48 | +0.21% | $0.47 | ₹18,241 | AED 1,707.73 |
| Nov 19Mon | $14.14 | −2.40% | $0.45 | ₹17,795 | AED 1,668.13 |
| Nov 20Tue | $14.48 | +2.42% | $0.47 | ₹18,226 | AED 1,703.65 |
| Nov 21Wed | $14.40 | −0.54% | $0.46 | ₹18,174 | AED 1,699.29 |
| Nov 23Fri | $14.72 | +2.19% | $0.47 | ₹18,735 | AED 1,733.72 |
| Nov 26Mon | $14.82 | +0.69% | $0.48 | ₹18,865 | AED 1,745.73 |
| Nov 27Tue | $14.47 | −2.31% | $0.47 | ₹18,482 | AED 1,708.07 |
| Nov 28Wed | $14.33 | −1.00% | $0.46 | ₹18,258 | AED 1,685.89 |
| Nov 29Thu | $14.24 | −0.64% | $0.46 | ₹18,114 | AED 1,678.54 |
| Nov 30Fri | $13.96 | −1.92% | $0.45 | ₹17,712 | AED 1,640.63 |
How November usually goes for silver
In the 20 years from 2006 to 2025, silver rose in November 8 times out of 20, with an average move of +1.5% and a median of −2.2%.
Silver in November 2007: FAQ
What was the price of silver in November 2007?
Silver traded between $13.96 and $15.50 per troy ounce (daily closes) in November 2007, averaging $14.66. It closed the month at $13.96.
How much did silver go down in November 2007?
Silver fell 2.9%, from $14.38 to $13.96. The biggest daily rise was +4.0% on November 6, 2007 and the biggest fall −5.0% on November 12, 2007.
What was the silver price on November 1, 2007?
Silver closed at $14.27 per troy ounce on November 1, 2007, the first trading day of the month. 999 India, ₹ per kg: ₹18,010.
Is November usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in November 8 times out of 20, with an average move of +1.5% and a median of −2.2%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in November 2007?
Silver fell 2.2% in Indian rupee terms in November 2007, compared with −2.9% in US dollars.
Did silver beat stocks in November 2007?
Yes. Silver was −2.9% for the month, against −4.2% for the S&P 500 with dividends.
Did silver keep up with inflation in November 2007?
US consumer prices (CPI) changed +0.59% in November, so silver's real (inflation-adjusted) change was about −3.5%.