Silver Price in January 2011
In January 2011, silver fell 8.9%, from $30.91 at the end of December to $28.17 per troy ounce on January 31, 2011. The highest close was $31.10 on January 3, 2011, the lowest $26.81 on January 25, 2011, and the average over 20 trading days was $28.50. Today's price is 91.6% higher than the January 2011 close.
- Silver fell 8.9% in US dollars in January 2011.
- Measured in other currencies, the change ranged from −11.1% in GBP to −1.4% in ZAR, because exchange rates moved too.
- It did worse than gold (−6.1%) and US stocks (+2.4%).
- It closed higher on 8 trading days and lower on 12, with an average daily move of 1.55%.
- At the end of the month it was 9.4% below its highest close since 2000.
- Gold/silver ratio: 46.0 → 47.3.
Silver price chart, January 2011
US dollars per troy ounce · daily closeSilver in other currencies, January 2011
| Currency | Change in the month |
|---|---|
| ZAR | −1.4% |
| TRY | −5.5% |
| AUD | −6.2% |
| INR | −6.8% |
| JPY | −8.2% |
| CAD | −8.6% |
| CNY | −9.4% |
| PKR | −9.5% |
| MXN | −10.5% |
| EUR | −10.7% |
| GBP | −11.1% |
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, January 2011
| Asset | Change (USD) |
|---|---|
| Silver | −8.9% |
| Gold | −6.1% |
| S&P 500 (with dividends) | +2.4% |
| US inflation (CPI, month) | +0.48% |
| Gold/silver ratio | 46.0 → 47.3 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, January 2011
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 |
|---|---|---|---|---|---|
| Jan 3Mon | $31.10 | +0.60% | $1.00 | ₹44,807 | AED 3,672.02 |
| Jan 4Tue | $29.49 | −5.16% | $0.95 | ₹42,299 | AED 3,482.51 |
| Jan 5Wed | $29.17 | −1.08% | $0.94 | ₹42,113 | AED 3,444.94 |
| Jan 6Thu | $29.11 | −0.22% | $0.94 | ₹42,312 | AED 3,437.40 |
| Jan 7Fri | $28.66 | −1.54% | $0.92 | ₹41,632 | AED 3,384.38 |
| Jan 10Mon | $28.85 | +0.66% | $0.93 | ₹42,073 | AED 3,406.82 |
| Jan 11Tue | $29.49 | +2.21% | $0.95 | ₹42,960 | AED 3,481.52 |
| Jan 12Wed | $29.53 | +0.14% | $0.95 | ₹42,819 | AED 3,487.33 |
| Jan 13Thu | $29.25 | −0.95% | $0.94 | ₹42,237 | AED 3,454.17 |
| Jan 14Fri | $28.31 | −3.22% | $0.91 | ₹40,921 | AED 3,342.82 |
| Jan 18Tue | $28.90 | +2.09% | $0.93 | ₹42,222 | AED 3,412.82 |
| Jan 19Wed | $28.79 | −0.38% | $0.93 | ₹41,952 | AED 3,399.95 |
| Jan 20Thu | $27.46 | −4.63% | $0.88 | ₹39,992 | AED 3,241.65 |
| Jan 21Fri | $27.42 | −0.16% | $0.88 | ₹40,351 | AED 3,237.46 |
| Jan 24Mon | $27.32 | −0.36% | $0.88 | ₹40,040 | AED 3,225.89 |
| Jan 25Tue | $26.81 | −1.86% | $0.86 | ₹39,178 | AED 3,166.02 |
| Jan 26Wed | $27.13 | +1.20% | $0.87 | ₹39,786 | AED 3,203.84 |
| Jan 27Thu | $27.05 | −0.32% | $0.87 | ₹39,520 | AED 3,192.78 |
| Jan 28Fri | $27.93 | +3.29% | $0.90 | ₹41,032 | AED 3,297.73 |
| Jan 31Mon | $28.17 | +0.86% | $0.91 | ₹41,521 | AED 3,326.97 |
How January usually goes for silver
In the 20 years from 2006 to 2025, silver rose in January 14 times out of 20, with an average move of +4.3% and a median of +3.6%.
Silver in January 2011: FAQ
What was the price of silver in January 2011?
Silver traded between $26.81 and $31.10 per troy ounce (daily closes) in January 2011, averaging $28.50. It closed the month at $28.17.
How much did silver go down in January 2011?
Silver fell 8.9%, from $30.91 to $28.17. The biggest daily rise was +3.3% on January 28, 2011 and the biggest fall −5.2% on January 4, 2011.
What was the silver price on January 3, 2011?
Silver closed at $31.10 per troy ounce on January 3, 2011, the first trading day of the month. 999 India, ₹ per kg: ₹44,807.
Is January usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in January 14 times out of 20, with an average move of +4.3% and a median of +3.6%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in January 2011?
Silver fell 6.8% in Indian rupee terms in January 2011, compared with −8.9% in US dollars.
Did silver beat stocks in January 2011?
No. Silver was −8.9% for the month, against +2.4% for the S&P 500 with dividends.
Did silver keep up with inflation in January 2011?
US consumer prices (CPI) changed +0.48% in January, so silver's real (inflation-adjusted) change was about −9.3%.