Silver Price in 2011
In 2011, silver fell 9.8%, closing the year at $27.88 per troy ounce, compared with $30.91 at the end of 2010. The highest close was $48.58 on April 29, 2011 and the lowest $26.81 on January 25, 2011; the average for the year was $35.25. Today's price is 106.4% above the 2011 close.
Silver price chart, 2011
USD per troy ounce · daily closeMonthly Silver Prices in 2011
Month-end close and range, US dollars per troy ounce. Choose a month for every day's price.
| Month | Close | High | Low | Change |
|---|---|---|---|---|
| January | $28.17 | $31.10 | $26.81 | −8.9% |
| February | $33.80 | $33.80 | $28.30 | +20.0% |
| March | $37.87 | $37.87 | $34.12 | +12.0% |
| April | $48.58 | $48.58 | $37.74 | +28.3% |
| May | $38.30 | $46.08 | $33.49 | −21.2% |
| June | $34.81 | $37.69 | $33.58 | −9.1% |
| July | $40.09 | $40.69 | $33.69 | +15.2% |
| August | $41.70 | $43.32 | $37.88 | +4.0% |
| September | $30.04 | $43.02 | $29.93 | −28.0% |
| October | $34.34 | $35.27 | $29.80 | +14.3% |
| November | $32.73 | $35.14 | $31.01 | −4.7% |
| December | $27.88 | $32.70 | $27.19 | −14.8% |
Silver in 2011 at a Glance
- Silver fell 9.8% in US dollars. In TRY terms it rose 11.3%, and in JPY terms it fell 14.0% — the difference comes from currency moves.
- It did worse than Gold (+10.2%) and S&P 500 (with dividends) (+2.1%).
- After US inflation of 3.0%, the real change was −12.4%.
- In the futures market, managed money (speculators) went from net long 27,210 to net long 4,752 contracts.
Key Events in 2011
What happened, and how silver moved that day (or the next trading day) and about a month later.
- Friday, March 11Tohoku earthquake and tsunami strike northeastern Japan. SourceSilver: +2.5% that day · +15.8% a month later
- Friday, March 18G7 countries jointly intervene to weaken the yen after it reaches record highs following the earthquake. SourceSilver: +2.3% that day · +24.2% a month later
- Thursday, April 28Spot silver reaches $49.51 an ounce, a record at the time, before a sharp correction in May. SourceSilver: +3.4% that day · −18.8% a month later
- Friday, August 5Standard & Poor's downgrades the US long-term credit rating from AAA to AA+. SourceSilver: −3.1% that day · +9.1% a month later
- Tuesday, September 6Gold reaches a peak of about $1,921 an ounce, a record that stands until 2020. SourceSilver: −2.8% that day · −30.7% a month later
Silver in 2011: records, milestones and the London price chart →
Silver in other currencies, 2011
| Currency | Change |
|---|---|
| TRY | +11.3% |
| ZAR | +11.0% |
| INR | +6.7% |
| MXN | +1.8% |
| PKR | −5.6% |
| EUR | −7.4% |
| CAD | −8.0% |
| AUD | −9.7% |
| GBP | −9.7% |
| CNY | −14.0% |
| JPY | −14.0% |
Price in each currency at the year-end exchange rate, year-end to year-end. A falling currency makes silver rise more in local terms.
Silver vs other assets, 2011
| Asset | Change (USD) |
|---|---|
| Gold | +10.2% |
| S&P 500 (with dividends) | +2.1% |
| US inflation (CPI) | +3.0% |
Silver Price on Festivals in 2011
| Festival | Date | Price |
|---|---|---|
| Gudi Padwa | Mon 4 Apr | ₹54,995 ₹/kg |
| Akshaya Tritiya | Fri 6 May | ₹50,707 ₹/kg |
| Navratri | Wed 28 Sep | ₹47,212 ₹/kg |
| Dussehra | Thu 6 Oct | ₹50,519 ₹/kg |
| Dhanteras | Mon 24 Oct | ₹50,650 ₹/kg |
| Diwali | Wed 26 Oct | ₹52,885 ₹/kg |
International price converted at that day's rate, before local taxes and making charges.
Futures positioning: managed money (speculators) held a net long position of 4,752 contracts on 27 Dec 2011, against net long 27,210 a year earlier. COT report →
Silver in 2011: FAQ
What was the price of silver in 2011?
Silver traded between $26.81 and $48.58 per troy ounce in 2011 (daily closes), averaging $35.25. It closed the year at $27.88.
How much did silver go down in 2011?
Silver fell 9.8% in 2011, from $30.91 to $27.88 per ounce.
What was the highest silver price in 2011?
The highest daily close in 2011 was $48.58 per troy ounce on April 29, 2011.
What was the best month for silver in 2011?
April (+28.3%). The weakest was September (−28.0%).
How much did silver rise in rupees in 2011?
Silver rose 6.7% in Indian rupee terms in 2011, compared with −9.8% in US dollars.
Did silver beat the stock market in 2011?
No. Silver was −9.8% for the year, against +2.1% for the S&P 500 with dividends reinvested.
What was the biggest event for silver in 2011?
Of the key events listed on this page, the biggest one-day reaction was on 28 April: Spot silver reaches $49.51 an ounce, a record at the time, before a sharp correction in May. Silver moved +3.4% that day.
Daily closing prices of COMEX front-month silver futures (US dollars per troy ounce), which track the spot price closely. Download the full daily series as CSV (free to use with a link to this site).