Silver Price in July 2011
In July 2011, silver rose 15.2%, from $34.81 at the end of June to $40.09 per troy ounce on July 29, 2011. The highest close was $40.69 on July 26, 2011, the lowest $33.69 on July 1, 2011, and the average over 20 trading days was $38.29. Today's price is 35.1% higher than the July 2011 close.
- Silver rose 15.2% in US dollars in July 2011, leaving it up 29.7% for the year to date.
- Measured in other currencies, the change ranged from +10.9% in JPY to +18.9% in TRY, because exchange rates moved too.
- It did better than gold (+8.4%) and US stocks (−2.0%).
- It closed higher on 12 trading days and lower on 8, with an average daily move of 1.88%.
- At the end of the month it was 17.5% below its highest close since 2000.
- Gold/silver ratio: 43.2 → 40.6.
Silver price chart, July 2011
US dollars per troy ounce · daily closeSilver in other currencies, July 2011
| Currency | Change in the month |
|---|---|
| TRY | +18.9% |
| EUR | +16.3% |
| PKR | +15.8% |
| MXN | +15.3% |
| CNY | +14.8% |
| ZAR | +14.1% |
| INR | +13.2% |
| GBP | +13.1% |
| CAD | +13.0% |
| AUD | +12.0% |
| JPY | +10.9% |
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 2011
| Asset | Change (USD) |
|---|---|
| Silver | +15.2% |
| Gold | +8.4% |
| S&P 500 (with dividends) | −2.0% |
| US inflation (CPI, month) | +0.09% |
| Silver, year to date (end of July) | +29.7% |
| Gold/silver ratio | 43.2 → 40.6 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, July 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 |
|---|---|---|---|---|---|
| Jul 1Fri | $33.69 | −3.21% | $1.08 | ₹48,307 | AED 3,978.70 |
| Jul 5Tue | $35.40 | +5.07% | $1.14 | ₹50,559 | AED 4,180.38 |
| Jul 6Wed | $35.91 | +1.44% | $1.15 | ₹51,193 | AED 4,240.60 |
| Jul 7Thu | $36.53 | +1.72% | $1.17 | ₹52,061 | AED 4,313.46 |
| Jul 8Fri | $36.54 | +0.02% | $1.17 | ₹52,073 | AED 4,314.29 |
| Jul 11Mon | $35.69 | −2.32% | $1.15 | ₹50,961 | AED 4,214.27 |
| Jul 12Tue | $35.63 | −0.17% | $1.15 | ₹50,803 | AED 4,207.19 |
| Jul 13Wed | $38.15 | +7.07% | $1.23 | ₹54,652 | AED 4,504.64 |
| Jul 14Thu | $38.69 | +1.42% | $1.24 | ₹55,290 | AED 4,568.52 |
| Jul 15Fri | $39.06 | +0.97% | $1.26 | ₹55,762 | AED 4,612.69 |
| Jul 18Mon | $40.33 | +3.25% | $1.30 | ₹57,715 | AED 4,762.52 |
| Jul 19Tue | $40.21 | −0.30% | $1.29 | ₹57,530 | AED 4,748.38 |
| Jul 20Wed | $39.55 | −1.65% | $1.27 | ₹56,414 | AED 4,669.72 |
| Jul 21Thu | $38.94 | −1.54% | $1.25 | ₹55,545 | AED 4,597.68 |
| Jul 22Fri | $40.11 | +3.02% | $1.29 | ₹57,132 | AED 4,736.67 |
| Jul 25Mon | $40.35 | +0.60% | $1.30 | ₹57,531 | AED 4,765.26 |
| Jul 26Tue | $40.69 | +0.84% | $1.31 | ₹57,968 | AED 4,804.93 |
| Jul 27Wed | $40.55 | −0.34% | $1.30 | ₹57,433 | AED 4,788.63 |
| Jul 28Thu | $39.78 | −1.91% | $1.28 | ₹56,311 | AED 4,697.36 |
| Jul 29Fri | $40.09 | +0.79% | $1.29 | ₹56,728 | AED 4,734.32 |
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 2011: FAQ
What was the price of silver in July 2011?
Silver traded between $33.69 and $40.69 per troy ounce (daily closes) in July 2011, averaging $38.29. It closed the month at $40.09.
How much did silver go up in July 2011?
Silver rose 15.2%, from $34.81 to $40.09. The biggest daily rise was +7.1% on July 13, 2011 and the biggest fall −3.2% on July 1, 2011.
What was the silver price on July 1, 2011?
Silver closed at $33.69 per troy ounce on July 1, 2011, the first trading day of the month. 999 India, ₹ per kg: ₹48,307.
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 2011?
Silver rose 13.2% in Indian rupee terms in July 2011, compared with +15.2% in US dollars.
Did silver beat stocks in July 2011?
Yes. Silver was +15.2% for the month, against −2.0% for the S&P 500 with dividends.
Did silver keep up with inflation in July 2011?
US consumer prices (CPI) changed +0.09% in July, so silver's real (inflation-adjusted) change was about +15.1%.