Silver Price in August 2008
In August 2008, silver fell 23.3%, from $17.75 at the end of July to $13.61 per troy ounce on August 29, 2008. The highest close was $17.48 on August 1, 2008, the lowest $12.80 on August 15, 2008, and the average over 21 trading days was $14.48. Today's price is 320.1% higher than the August 2008 close.
Silver price chart, August 2008
US dollars per troy ounce · daily closeDaily Silver Prices, August 2008
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 |
|---|---|---|---|---|---|
| Aug 1Fri | $17.48 | −1.52% | $0.56 | ₹23,849 | AED 2,063.93 |
| Aug 4Mon | $17.10 | −2.16% | $0.55 | ₹23,333 | AED 2,018.59 |
| Aug 5Tue | $16.54 | −3.31% | $0.53 | ₹22,561 | AED 1,951.79 |
| Aug 6Wed | $16.47 | −0.39% | $0.53 | ₹22,472 | AED 1,944.11 |
| Aug 7Thu | $16.23 | −1.49% | $0.52 | ₹22,138 | AED 1,915.20 |
| Aug 8Fri | $15.30 | −5.69% | $0.49 | ₹20,878 | AED 1,806.63 |
| Aug 11Mon | $14.60 | −4.63% | $0.47 | ₹19,912 | AED 1,722.58 |
| Aug 12Tue | $14.46 | −0.91% | $0.46 | ₹19,730 | AED 1,706.88 |
| Aug 13Wed | $14.82 | +2.50% | $0.48 | ₹20,224 | AED 1,749.61 |
| Aug 14Thu | $14.21 | −4.11% | $0.46 | ₹19,392 | AED 1,677.61 |
| Aug 15Fri | $12.80 | −9.94% | $0.41 | ₹17,464 | AED 1,511.30 |
| Aug 18Mon | $13.09 | +2.23% | $0.42 | ₹17,854 | AED 1,544.60 |
| Aug 19Tue | $13.09 | +0.05% | $0.42 | ₹17,863 | AED 1,545.31 |
| Aug 20Wed | $13.03 | −0.49% | $0.42 | ₹17,775 | AED 1,537.75 |
| Aug 21Thu | $13.72 | +5.30% | $0.44 | ₹18,717 | AED 1,619.19 |
| Aug 22Fri | $13.47 | −1.82% | $0.43 | ₹18,377 | AED 1,590.32 |
| Aug 25Mon | $13.37 | −0.78% | $0.43 | ₹18,234 | AED 1,577.41 |
| Aug 26Tue | $13.57 | +1.55% | $0.44 | ₹19,058 | AED 1,601.84 |
| Aug 27Wed | $13.47 | −0.77% | $0.43 | ₹18,902 | AED 1,589.57 |
| Aug 28Thu | $13.60 | +1.01% | $0.44 | ₹19,092 | AED 1,606.10 |
| Aug 29Fri | $13.61 | +0.02% | $0.44 | ₹19,085 | AED 1,606.50 |
How August usually goes for silver
In the 20 years from 2006 to 2025, silver rose in August 10 times out of 20, with an average move of +1.8% and a median of +1.9%.
Silver in August 2008: FAQ
What was the price of silver in August 2008?
Silver traded between $12.80 and $17.48 per troy ounce (daily closes) in August 2008, averaging $14.48. It closed the month at $13.61.
How much did silver go down in August 2008?
Silver fell 23.3%, from $17.75 to $13.61. The biggest daily rise was +5.3% on August 21, 2008 and the biggest fall −9.9% on August 15, 2008.
What was the silver price on August 1, 2008?
Silver closed at $17.48 per troy ounce on August 1, 2008, the first trading day of the month. 999 India, ₹ per kg: ₹23,849.
Is August usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in August 10 times out of 20, with an average move of +1.8% and a median of +1.9%. Past seasonal patterns are not a reliable guide to any single year.