Silver Price in May 2008
In May 2008, silver rose 2.0%, from $16.50 at the end of April to $16.83 per troy ounce on May 30, 2008. The highest close was $18.24 on May 23, 2008, the lowest $16.12 on May 1, 2008, and the average over 21 trading days was $17.01. Today's price is 240.0% higher than the May 2008 close.
Silver price chart, May 2008
US dollars per troy ounce · daily closeDaily Silver Prices, May 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 |
|---|---|---|---|---|---|
| May 1Thu | $16.12 | −2.31% | $0.52 | ₹20,932 | AED 1,902.69 |
| May 2Fri | $16.38 | +1.61% | $0.53 | ₹21,322 | AED 1,933.74 |
| May 5Mon | $16.75 | +2.23% | $0.54 | ₹21,816 | AED 1,976.94 |
| May 6Tue | $16.78 | +0.20% | $0.54 | ₹21,943 | AED 1,980.95 |
| May 7Wed | $16.62 | −0.97% | $0.53 | ₹22,073 | AED 1,961.71 |
| May 8Thu | $16.79 | +1.07% | $0.54 | ₹22,515 | AED 1,982.55 |
| May 9Fri | $16.84 | +0.29% | $0.54 | ₹22,425 | AED 1,988.88 |
| May 12Mon | $17.16 | +1.87% | $0.55 | ₹23,076 | AED 2,025.63 |
| May 13Tue | $16.76 | −2.30% | $0.54 | ₹22,622 | AED 1,978.46 |
| May 14Wed | $16.55 | −1.27% | $0.53 | ₹22,542 | AED 1,953.85 |
| May 15Thu | $16.63 | +0.47% | $0.53 | ₹22,649 | AED 1,962.84 |
| May 16Fri | $16.90 | +1.67% | $0.54 | ₹23,025 | AED 1,995.70 |
| May 19Mon | $16.97 | +0.41% | $0.55 | ₹23,112 | AED 2,003.96 |
| May 20Tue | $17.67 | +4.11% | $0.57 | ₹24,209 | AED 2,085.63 |
| May 21Wed | $18.00 | +1.85% | $0.58 | ₹24,662 | AED 2,124.22 |
| May 22Thu | $17.98 | −0.13% | $0.58 | ₹24,895 | AED 2,121.97 |
| May 23Fri | $18.24 | +1.48% | $0.59 | ₹24,989 | AED 2,153.60 |
| May 27Tue | $17.43 | −4.47% | $0.56 | ₹23,984 | AED 2,056.59 |
| May 28Wed | $17.38 | −0.26% | $0.56 | ₹23,900 | AED 2,051.78 |
| May 29Thu | $16.48 | −5.20% | $0.53 | ₹22,608 | AED 1,945.23 |
| May 30Fri | $16.83 | +2.12% | $0.54 | ₹23,009 | AED 1,986.50 |
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 2008: FAQ
What was the price of silver in May 2008?
Silver traded between $16.12 and $18.24 per troy ounce (daily closes) in May 2008, averaging $17.01. It closed the month at $16.83.
How much did silver go up in May 2008?
Silver rose 2.0%, from $16.50 to $16.83. The biggest daily rise was +4.1% on May 20, 2008 and the biggest fall −5.2% on May 29, 2008.
What was the silver price on May 1, 2008?
Silver closed at $16.12 per troy ounce on May 1, 2008, the first trading day of the month. 999 India, ₹ per kg: ₹20,932.
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.