Silver Price in August 2009
In August 2009, silver rose 6.9%, from $13.93 at the end of July to $14.90 per troy ounce on August 31, 2009. The highest close was $14.98 on August 13, 2009, the lowest $13.87 on August 19, 2009, and the average over 21 trading days was $14.40. Today's price is 264.1% higher than the August 2009 close.
- Silver rose 6.9% in US dollars in August 2009, leaving it up 32.2% for the year to date.
- Measured in other currencies, the change ranged from +4.9% in JPY to +9.6% in GBP, because exchange rates moved too.
- It did better than gold (−0.2%) and US stocks (+3.6%).
- It closed higher on 12 trading days and lower on 9, with an average daily move of 1.40%.
- At the end of the month it was 28.0% below its highest close since 2000.
- Gold/silver ratio: 68.4 → 63.9.
Silver price chart, August 2009
US dollars per troy ounce · daily closeSilver in other currencies, August 2009
| Currency | Change in the month |
|---|---|
| GBP | +9.6% |
| INR | +9.4% |
| TRY | +9.1% |
| MXN | +8.6% |
| CAD | +8.5% |
| ZAR | +6.9% |
| CNY | +6.9% |
| PKR | +6.9% |
| EUR | +6.3% |
| AUD | +6.0% |
| JPY | +4.9% |
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, August 2009
| Asset | Change (USD) |
|---|---|
| Silver | +6.9% |
| Gold | −0.2% |
| S&P 500 (with dividends) | +3.6% |
| US inflation (CPI, month) | +0.22% |
| Silver, year to date (end of August) | +32.2% |
| Gold/silver ratio | 68.4 → 63.9 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, August 2009
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 3Mon | $14.25 | +2.24% | $0.46 | ₹21,808 | AED 1,681.27 |
| Aug 4Tue | $14.69 | +3.11% | $0.47 | ₹22,417 | AED 1,733.56 |
| Aug 5Wed | $14.75 | +0.44% | $0.47 | ₹22,563 | AED 1,741.23 |
| Aug 6Thu | $14.64 | −0.78% | $0.47 | ₹22,408 | AED 1,727.66 |
| Aug 7Fri | $14.66 | +0.16% | $0.47 | ₹22,564 | AED 1,730.13 |
| Aug 10Mon | $14.35 | −2.13% | $0.46 | ₹22,007 | AED 1,693.43 |
| Aug 11Tue | $14.34 | −0.07% | $0.46 | ₹22,087 | AED 1,692.25 |
| Aug 12Wed | $14.58 | +1.67% | $0.47 | ₹22,632 | AED 1,720.57 |
| Aug 13Thu | $14.98 | +2.76% | $0.48 | ₹23,144 | AED 1,768.02 |
| Aug 14Fri | $14.72 | −1.77% | $0.47 | ₹22,808 | AED 1,737.60 |
| Aug 17Mon | $13.97 | −5.06% | $0.45 | ₹21,817 | AED 1,648.93 |
| Aug 18Tue | $13.96 | −0.11% | $0.45 | ₹21,847 | AED 1,647.16 |
| Aug 19Wed | $13.87 | −0.61% | $0.45 | ₹21,705 | AED 1,637.13 |
| Aug 20Thu | $13.88 | +0.04% | $0.45 | ₹21,689 | AED 1,637.72 |
| Aug 21Fri | $14.16 | +2.05% | $0.46 | ₹22,049 | AED 1,671.01 |
| Aug 24Mon | $14.19 | +0.22% | $0.46 | ₹22,087 | AED 1,674.90 |
| Aug 25Tue | $14.31 | +0.81% | $0.46 | ₹22,387 | AED 1,688.47 |
| Aug 26Wed | $14.25 | −0.38% | $0.46 | ₹22,347 | AED 1,681.98 |
| Aug 27Thu | $14.22 | −0.25% | $0.46 | ₹22,345 | AED 1,677.85 |
| Aug 28Fri | $14.78 | +4.00% | $0.48 | ₹23,066 | AED 1,745.36 |
| Aug 31Mon | $14.90 | +0.77% | $0.48 | ₹23,350 | AED 1,758.34 |
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 2009: FAQ
What was the price of silver in August 2009?
Silver traded between $13.87 and $14.98 per troy ounce (daily closes) in August 2009, averaging $14.40. It closed the month at $14.90.
How much did silver go up in August 2009?
Silver rose 6.9%, from $13.93 to $14.90. The biggest daily rise was +4.0% on August 28, 2009 and the biggest fall −5.1% on August 17, 2009.
What was the silver price on August 3, 2009?
Silver closed at $14.25 per troy ounce on August 3, 2009, the first trading day of the month. 999 India, ₹ per kg: ₹21,808.
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.
How much did silver change in rupees in August 2009?
Silver rose 9.4% in Indian rupee terms in August 2009, compared with +6.9% in US dollars.
Did silver beat stocks in August 2009?
Yes. Silver was +6.9% for the month, against +3.6% for the S&P 500 with dividends.
Did silver keep up with inflation in August 2009?
US consumer prices (CPI) changed +0.22% in August, so silver's real (inflation-adjusted) change was about +6.7%.