Silver Price in March 2009
In March 2009, silver fell 0.8%, from $13.09 at the end of February to $12.98 per troy ounce on March 31, 2009. The highest close was $13.86 on March 23, 2009, the lowest $11.95 on March 18, 2009, and the average over 22 trading days was $13.09. Today's price is 316.9% higher than the March 2009 close.
- Silver fell 0.8% in US dollars in March 2009, leaving it up 15.1% for the year to date.
- Measured in other currencies, the change ranged from −8.5% in MXN to +0.5% in JPY, because exchange rates moved too.
- It did better than gold (−2.0%), and worse than US stocks (+8.8%).
- It closed higher on 11 trading days and lower on 11, with an average daily move of 2.50%.
- At the end of the month it was 37.3% below its highest close since 2000.
- Gold/silver ratio: 72.0 → 71.1.
Silver price chart, March 2009
US dollars per troy ounce · daily closeSilver in other currencies, March 2009
| Currency | Change in the month |
|---|---|
| JPY | +0.5% |
| PKR | +0.2% |
| INR | −0.6% |
| CNY | −0.9% |
| GBP | −1.4% |
| CAD | −1.8% |
| TRY | −2.7% |
| EUR | −5.1% |
| ZAR | −6.1% |
| AUD | −7.9% |
| MXN | −8.5% |
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, March 2009
| Asset | Change (USD) |
|---|---|
| Silver | −0.8% |
| Gold | −2.0% |
| S&P 500 (with dividends) | +8.8% |
| US inflation (CPI, month) | +0.24% |
| Silver, year to date (end of March) | +15.1% |
| Gold/silver ratio | 72.0 → 71.1 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in March 2009
- Wednesday, March 18Fed expands asset purchases, adding $750 billion of agency MBS/debt and $300 billion of Treasuries. SourceSilver: −5.8% that day
Daily Silver Prices, March 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 |
|---|---|---|---|---|---|
| Mar 2Mon | $13.05 | −0.27% | $0.42 | ₹21,627 | AED 1,540.23 |
| Mar 3Tue | $12.70 | −2.72% | $0.41 | ₹21,179 | AED 1,498.33 |
| Mar 4Wed | $12.90 | +1.61% | $0.41 | ₹21,331 | AED 1,522.53 |
| Mar 5Thu | $13.11 | +1.59% | $0.42 | ₹21,780 | AED 1,546.72 |
| Mar 6Fri | $13.32 | +1.66% | $0.43 | ₹22,087 | AED 1,573.31 |
| Mar 9Mon | $12.95 | −2.80% | $0.42 | ₹21,562 | AED 1,528.43 |
| Mar 10Tue | $12.56 | −3.01% | $0.40 | ₹20,806 | AED 1,482.40 |
| Mar 11Wed | $12.82 | +2.03% | $0.41 | ₹21,048 | AED 1,512.91 |
| Mar 12Thu | $12.96 | +1.12% | $0.42 | ₹21,508 | AED 1,529.37 |
| Mar 13Fri | $13.23 | +2.10% | $0.43 | ₹21,901 | AED 1,562.24 |
| Mar 16Mon | $12.91 | −2.46% | $0.41 | ₹21,280 | AED 1,523.53 |
| Mar 17Tue | $12.69 | −1.70% | $0.41 | ₹20,920 | AED 1,497.15 |
| Mar 18Wed | $11.95 | −5.79% | $0.38 | ₹19,683 | AED 1,410.40 |
| Mar 19Thu | $13.50 | +12.97% | $0.43 | ₹21,838 | AED 1,593.34 |
| Mar 20Fri | $13.83 | +2.42% | $0.44 | ₹22,489 | AED 1,632.78 |
| Mar 23Mon | $13.86 | +0.25% | $0.45 | ₹22,419 | AED 1,636.51 |
| Mar 24Tue | $13.34 | −3.74% | $0.43 | ₹21,592 | AED 1,575.36 |
| Mar 25Wed | $13.42 | +0.60% | $0.43 | ₹21,751 | AED 1,584.37 |
| Mar 26Thu | $13.61 | +1.36% | $0.44 | ₹22,025 | AED 1,605.97 |
| Mar 27Fri | $13.25 | −2.62% | $0.43 | ₹21,696 | AED 1,564.38 |
| Mar 30Mon | $13.02 | −1.72% | $0.42 | ₹21,341 | AED 1,537.04 |
| Mar 31Tue | $12.98 | −0.37% | $0.42 | ₹21,185 | AED 1,531.38 |
How March usually goes for silver
In the 20 years from 2006 to 2025, silver rose in March 9 times out of 20, with an average move of +1.0% and a median of −0.5%.
Silver in March 2009: FAQ
What was the price of silver in March 2009?
Silver traded between $11.95 and $13.86 per troy ounce (daily closes) in March 2009, averaging $13.09. It closed the month at $12.98.
How much did silver go down in March 2009?
Silver fell 0.8%, from $13.09 to $12.98. The biggest daily rise was +13.0% on March 19, 2009 and the biggest fall −5.8% on March 18, 2009.
What was the silver price on March 2, 2009?
Silver closed at $13.05 per troy ounce on March 2, 2009, the first trading day of the month. 999 India, ₹ per kg: ₹21,627.
Is March usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in March 9 times out of 20, with an average move of +1.0% and a median of −0.5%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in March 2009?
Silver fell 0.6% in Indian rupee terms in March 2009, compared with −0.8% in US dollars.
Did silver beat stocks in March 2009?
No. Silver was −0.8% for the month, against +8.8% for the S&P 500 with dividends.
Did silver keep up with inflation in March 2009?
US consumer prices (CPI) changed +0.24% in March, so silver's real (inflation-adjusted) change was about −1.1%.