Silver Price in July 2010
In July 2010, silver fell 3.7%, from $18.67 at the end of June to $17.99 per troy ounce on July 30, 2010. The highest close was $18.35 on July 15, 2010, the lowest $17.42 on July 28, 2010, and the average over 21 trading days was $17.89. Today's price is 199.0% higher than the July 2010 close.
- Silver fell 3.7% in US dollars in July 2010, leaving it up 6.9% for the year to date.
- Measured in other currencies, the change ranged from −10.4% in AUD to −3.7% in INR, because exchange rates moved too.
- It did better than gold (−5.1%), and worse than US stocks (+7.0%).
- It closed higher on 12 trading days and lower on 9, with an average daily move of 1.33%.
- At the end of the month it was 13.0% below its highest close since 2000.
- Gold/silver ratio: 66.7 → 65.7.
Silver price chart, July 2010
US dollars per troy ounce · daily closeSilver in other currencies, July 2010
| Currency | Change in the month |
|---|---|
| INR | −3.7% |
| CNY | −3.8% |
| PKR | −3.9% |
| JPY | −5.8% |
| MXN | −5.9% |
| CAD | −6.7% |
| GBP | −8.2% |
| TRY | −8.3% |
| ZAR | −8.4% |
| EUR | −9.6% |
| AUD | −10.4% |
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, July 2010
| Asset | Change (USD) |
|---|---|
| Silver | −3.7% |
| Gold | −5.1% |
| S&P 500 (with dividends) | +7.0% |
| US inflation (CPI, month) | +0.02% |
| Silver, year to date (end of July) | +6.9% |
| Gold/silver ratio | 66.7 → 65.7 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in July 2010
- Wednesday, July 21President Obama signs the Dodd-Frank Wall Street Reform and Consumer Protection Act into law. SourceSilver: +0.6% that day
Daily Silver Prices, July 2010
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 |
|---|---|---|---|---|---|
| Jul 1Thu | $17.76 | −4.88% | $0.57 | ₹26,500 | AED 2,097.16 |
| Jul 2Fri | $17.70 | −0.35% | $0.57 | ₹26,493 | AED 2,089.84 |
| Jul 6Tue | $17.83 | +0.76% | $0.57 | ₹26,718 | AED 2,105.72 |
| Jul 7Wed | $17.98 | +0.82% | $0.58 | ₹27,139 | AED 2,123.02 |
| Jul 8Thu | $17.85 | −0.71% | $0.57 | ₹26,775 | AED 2,107.96 |
| Jul 9Fri | $18.05 | +1.13% | $0.58 | ₹27,001 | AED 2,131.76 |
| Jul 12Mon | $17.90 | −0.86% | $0.58 | ₹26,848 | AED 2,113.28 |
| Jul 13Tue | $18.24 | +1.90% | $0.59 | ₹27,212 | AED 2,153.43 |
| Jul 14Wed | $18.27 | +0.20% | $0.59 | ₹27,379 | AED 2,157.91 |
| Jul 15Thu | $18.35 | +0.39% | $0.59 | ₹27,398 | AED 2,166.30 |
| Jul 16Fri | $17.77 | −3.12% | $0.57 | ₹26,685 | AED 2,098.69 |
| Jul 19Mon | $17.53 | −1.34% | $0.56 | ₹25,982 | AED 2,070.47 |
| Jul 20Tue | $17.69 | +0.86% | $0.57 | ₹26,866 | AED 2,088.36 |
| Jul 21Wed | $17.80 | +0.64% | $0.57 | ₹26,934 | AED 2,101.13 |
| Jul 22Thu | $18.12 | +1.78% | $0.58 | ₹27,397 | AED 2,139.02 |
| Jul 23Fri | $18.10 | −0.10% | $0.58 | ₹27,281 | AED 2,136.31 |
| Jul 26Mon | $18.20 | +0.55% | $0.58 | ₹27,519 | AED 2,148.52 |
| Jul 27Tue | $17.62 | −3.15% | $0.57 | ₹26,427 | AED 2,080.24 |
| Jul 28Wed | $17.42 | −1.12% | $0.56 | ₹26,154 | AED 2,057.36 |
| Jul 29Thu | $17.60 | +1.02% | $0.57 | ₹26,291 | AED 2,078.38 |
| Jul 30Fri | $17.99 | +2.19% | $0.58 | ₹26,810 | AED 2,123.96 |
How July usually goes for silver
In the 20 years from 2006 to 2025, silver rose in July 13 times out of 20, with an average move of +3.5% and a median of +1.5%.
Silver in July 2010: FAQ
What was the price of silver in July 2010?
Silver traded between $17.42 and $18.35 per troy ounce (daily closes) in July 2010, averaging $17.89. It closed the month at $17.99.
How much did silver go down in July 2010?
Silver fell 3.7%, from $18.67 to $17.99. The biggest daily rise was +2.2% on July 30, 2010 and the biggest fall −4.9% on July 1, 2010.
What was the silver price on July 1, 2010?
Silver closed at $17.76 per troy ounce on July 1, 2010, the first trading day of the month. 999 India, ₹ per kg: ₹26,500.
Is July usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in July 13 times out of 20, with an average move of +3.5% and a median of +1.5%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in July 2010?
Silver fell 3.7% in Indian rupee terms in July 2010, compared with −3.7% in US dollars.
Did silver beat stocks in July 2010?
No. Silver was −3.7% for the month, against +7.0% for the S&P 500 with dividends.
Did silver keep up with inflation in July 2010?
US consumer prices (CPI) changed +0.02% in July, so silver's real (inflation-adjusted) change was about −3.7%.