Silver Price in October 2009
In October 2009, silver fell 2.3%, from $16.64 at the end of September to $16.25 per troy ounce on October 30, 2009. The highest close was $17.89 on October 14, 2009, the lowest $16.21 on October 2, 2009, and the average over 22 trading days was $17.21. Today's price is 232.2% higher than the October 2009 close.
- Silver fell 2.3% in US dollars in October 2009, leaving it up 44.2% for the year to date.
- Measured in other currencies, the change ranged from −5.0% in GBP to +1.9% in ZAR, because exchange rates moved too.
- It did worse than gold (+3.1%) and US stocks (−1.9%).
- It closed higher on 12 trading days and lower on 10, with an average daily move of 1.64%.
- At the end of the month it was 21.5% below its highest close since 2000.
- Gold/silver ratio: 60.6 → 64.0.
Silver price chart, October 2009
US dollars per troy ounce · daily closeSilver in other currencies, October 2009
| Currency | Change in the month |
|---|---|
| ZAR | +1.9% |
| CAD | −0.9% |
| TRY | −1.3% |
| PKR | −1.6% |
| JPY | −2.1% |
| CNY | −2.3% |
| EUR | −2.9% |
| INR | −4.2% |
| AUD | −4.2% |
| MXN | −4.8% |
| GBP | −5.0% |
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 2009
| Asset | Change (USD) |
|---|---|
| Silver | −2.3% |
| Gold | +3.1% |
| S&P 500 (with dividends) | −1.9% |
| US inflation (CPI, month) | +0.10% |
| Silver, year to date (end of October) | +44.2% |
| Gold/silver ratio | 60.6 → 64.0 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, October 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 |
|---|---|---|---|---|---|
| Oct 1Thu | $16.42 | −1.31% | $0.53 | ₹25,199 | AED 1,938.32 |
| Oct 2Fri | $16.21 | −1.28% | $0.52 | ₹24,819 | AED 1,913.48 |
| Oct 5Mon | $16.51 | +1.88% | $0.53 | ₹25,169 | AED 1,949.48 |
| Oct 6Tue | $17.27 | +4.60% | $0.56 | ₹25,984 | AED 2,039.65 |
| Oct 7Wed | $17.48 | +1.19% | $0.56 | ₹26,185 | AED 2,063.41 |
| Oct 8Thu | $17.80 | +1.84% | $0.57 | ₹26,450 | AED 2,101.94 |
| Oct 9Fri | $17.68 | −0.70% | $0.57 | ₹26,400 | AED 2,086.67 |
| Oct 12Mon | $17.81 | +0.74% | $0.57 | ₹26,526 | AED 2,101.96 |
| Oct 13Tue | $17.83 | +0.11% | $0.57 | ₹26,524 | AED 2,104.32 |
| Oct 14Wed | $17.89 | +0.38% | $0.58 | ₹26,473 | AED 2,112.46 |
| Oct 15Thu | $17.40 | −2.76% | $0.56 | ₹25,705 | AED 2,054.70 |
| Oct 16Fri | $17.41 | +0.03% | $0.56 | ₹25,853 | AED 2,055.24 |
| Oct 19Mon | $17.61 | +1.18% | $0.57 | ₹26,016 | AED 2,079.45 |
| Oct 20Tue | $17.54 | −0.38% | $0.56 | ₹26,090 | AED 2,071.08 |
| Oct 21Wed | $17.81 | +1.52% | $0.57 | ₹26,569 | AED 2,103.06 |
| Oct 22Thu | $17.53 | −1.57% | $0.56 | ₹26,236 | AED 2,070.00 |
| Oct 23Fri | $17.71 | +1.03% | $0.57 | ₹26,437 | AED 2,091.37 |
| Oct 26Mon | $17.08 | −3.54% | $0.55 | ₹25,568 | AED 2,016.68 |
| Oct 27Tue | $16.53 | −3.24% | $0.53 | ₹24,947 | AED 1,951.98 |
| Oct 28Wed | $16.23 | −1.81% | $0.52 | ₹24,619 | AED 1,916.19 |
| Oct 29Thu | $16.65 | +2.56% | $0.54 | ₹25,249 | AED 1,965.19 |
| Oct 30Fri | $16.25 | −2.40% | $0.52 | ₹24,506 | AED 1,917.96 |
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 2009: FAQ
What was the price of silver in October 2009?
Silver traded between $16.21 and $17.89 per troy ounce (daily closes) in October 2009, averaging $17.21. It closed the month at $16.25.
How much did silver go down in October 2009?
Silver fell 2.3%, from $16.64 to $16.25. The biggest daily rise was +4.6% on October 6, 2009 and the biggest fall −3.5% on October 26, 2009.
What was the silver price on October 1, 2009?
Silver closed at $16.42 per troy ounce on October 1, 2009, the first trading day of the month. 999 India, ₹ per kg: ₹25,199.
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 2009?
Silver fell 4.2% in Indian rupee terms in October 2009, compared with −2.3% in US dollars.
Did silver beat stocks in October 2009?
No. Silver was −2.3% for the month, against −1.9% for the S&P 500 with dividends.
Did silver keep up with inflation in October 2009?
US consumer prices (CPI) changed +0.10% in October, so silver's real (inflation-adjusted) change was about −2.4%.