Silver Price in October 2007
In October 2007, silver rose 4.2%, from $13.79 at the end of September to $14.38 per troy ounce on October 31, 2007. The highest close was $14.38 on October 31, 2007, the lowest $13.25 on October 8, 2007, and the average over 23 trading days was $13.70. Today's price is 276.1% higher than the October 2007 close.
- Silver rose 4.2% in US dollars in October 2007, leaving it up 12.2% for the year to date.
- Measured in other currencies, the change ranged from −1.5% in ZAR to +4.8% in JPY, because exchange rates moved too.
- It did better than US stocks (+1.6%), and worse than gold (+6.6%).
- It closed higher on 12 trading days and lower on 11, with an average daily move of 1.02%.
- At the end of the month it was 3.2% below its highest close since 2000.
- Gold/silver ratio: 53.8 → 55.1.
Silver price chart, October 2007
US dollars per troy ounce · daily closeSilver in other currencies, October 2007
| Currency | Change in the month |
|---|---|
| JPY | +4.8% |
| PKR | +4.2% |
| CNY | +3.7% |
| INR | +3.2% |
| EUR | +2.7% |
| GBP | +2.5% |
| MXN | +1.5% |
| TRY | +1.1% |
| AUD | −0.9% |
| CAD | −0.9% |
| ZAR | −1.5% |
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, October 2007
| Asset | Change (USD) |
|---|---|
| Silver | +4.2% |
| Gold | +6.6% |
| S&P 500 (with dividends) | +1.6% |
| US inflation (CPI, month) | +0.21% |
| Silver, year to date (end of October) | +12.2% |
| Gold/silver ratio | 53.8 → 55.1 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, October 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 |
|---|---|---|---|---|---|
| Oct 1Mon | $13.73 | −0.47% | $0.44 | ₹17,509 | AED 1,620.28 |
| Oct 2Tue | $13.33 | −2.93% | $0.43 | ₹16,956 | AED 1,573.01 |
| Oct 3Wed | $13.35 | +0.17% | $0.43 | ₹16,875 | AED 1,575.61 |
| Oct 4Thu | $13.39 | +0.30% | $0.43 | ₹16,881 | AED 1,580.41 |
| Oct 5Fri | $13.38 | −0.07% | $0.43 | ₹16,950 | AED 1,579.19 |
| Oct 8Mon | $13.25 | −0.96% | $0.43 | ₹16,764 | AED 1,564.05 |
| Oct 9Tue | $13.48 | +1.70% | $0.43 | ₹16,963 | AED 1,590.74 |
| Oct 10Wed | $13.56 | +0.65% | $0.44 | ₹17,081 | AED 1,600.62 |
| Oct 11Thu | $13.88 | +2.37% | $0.45 | ₹17,513 | AED 1,638.55 |
| Oct 12Fri | $13.80 | −0.58% | $0.44 | ₹17,349 | AED 1,629.15 |
| Oct 15Mon | $13.76 | −0.33% | $0.44 | ₹17,354 | AED 1,623.68 |
| Oct 16Tue | $13.56 | −1.42% | $0.44 | ₹17,073 | AED 1,600.92 |
| Oct 17Wed | $13.66 | +0.69% | $0.44 | ₹17,330 | AED 1,612.11 |
| Oct 18Thu | $13.71 | +0.40% | $0.44 | ₹17,437 | AED 1,617.85 |
| Oct 19Fri | $13.55 | −1.15% | $0.44 | ₹17,190 | AED 1,599.25 |
| Oct 22Mon | $13.48 | −0.58% | $0.43 | ₹17,178 | AED 1,590.44 |
| Oct 23Tue | $13.57 | +0.72% | $0.44 | ₹17,199 | AED 1,602.02 |
| Oct 24Wed | $13.52 | −0.42% | $0.43 | ₹17,109 | AED 1,595.20 |
| Oct 25Thu | $13.84 | +2.37% | $0.44 | ₹17,558 | AED 1,632.97 |
| Oct 26Fri | $14.21 | +2.72% | $0.46 | ₹17,928 | AED 1,676.65 |
| Oct 29Mon | $14.37 | +1.08% | $0.46 | ₹18,111 | AED 1,695.43 |
| Oct 30Tue | $14.27 | −0.68% | $0.46 | ₹18,031 | AED 1,684.10 |
| Oct 31Wed | $14.38 | +0.77% | $0.46 | ₹18,107 | AED 1,696.90 |
How October usually goes for silver
In the 20 years from 2006 to 2025, silver rose in October 14 times out of 20, with an average move of +1.5% and a median of +1.8%.
Silver in October 2007: FAQ
What was the price of silver in October 2007?
Silver traded between $13.25 and $14.38 per troy ounce (daily closes) in October 2007, averaging $13.70. It closed the month at $14.38.
How much did silver go up in October 2007?
Silver rose 4.2%, from $13.79 to $14.38. The biggest daily rise was +2.7% on October 26, 2007 and the biggest fall −2.9% on October 2, 2007.
What was the silver price on October 1, 2007?
Silver closed at $13.73 per troy ounce on October 1, 2007, the first trading day of the month. 999 India, ₹ per kg: ₹17,509.
Is October usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in October 14 times out of 20, with an average move of +1.5% and a median of +1.8%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in October 2007?
Silver rose 3.2% in Indian rupee terms in October 2007, compared with +4.2% in US dollars.
Did silver beat stocks in October 2007?
Yes. Silver was +4.2% for the month, against +1.6% for the S&P 500 with dividends.
Did silver keep up with inflation in October 2007?
US consumer prices (CPI) changed +0.21% in October, so silver's real (inflation-adjusted) change was about +4.0%.