Silver Price in March 2011
In March 2011, silver rose 12.0%, from $33.80 at the end of February to $37.87 per troy ounce on March 31, 2011. The highest close was $37.87 on March 31, 2011, the lowest $34.12 on March 15, 2011, and the average over 23 trading days was $35.85. Today's price is 43.2% higher than the March 2011 close.
- Silver rose 12.0% in US dollars in March 2011, leaving it up 22.5% for the year to date.
- Measured in other currencies, the change ranged from +9.0% in EUR to +14.1% in JPY, because exchange rates moved too.
- It did better than gold (+2.1%) and US stocks (0.0%).
- It closed higher on 15 trading days and lower on 8, with an average daily move of 1.52%.
- Gold/silver ratio: 41.7 → 38.0.
Silver price chart, March 2011
US dollars per troy ounce · daily closeSilver in other currencies, March 2011
| Currency | Change in the month |
|---|---|
| JPY | +14.1% |
| GBP | +12.2% |
| CNY | +11.8% |
| PKR | +11.4% |
| CAD | +11.3% |
| INR | +10.4% |
| AUD | +10.1% |
| MXN | +10.1% |
| ZAR | +9.3% |
| TRY | +9.3% |
| EUR | +9.0% |
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, March 2011
| Asset | Change (USD) |
|---|---|
| Silver | +12.0% |
| Gold | +2.1% |
| S&P 500 (with dividends) | 0.0% |
| US inflation (CPI, month) | +0.98% |
| Silver, year to date (end of March) | +22.5% |
| Gold/silver ratio | 41.7 → 38.0 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in March 2011
Daily Silver Prices, March 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 |
|---|---|---|---|---|---|
| Mar 1Tue | $34.42 | +1.81% | $1.11 | ₹49,903 | AED 4,064.06 |
| Mar 2Wed | $34.83 | +1.19% | $1.12 | ₹50,194 | AED 4,112.25 |
| Mar 3Thu | $34.31 | −1.47% | $1.10 | ₹49,434 | AED 4,051.79 |
| Mar 4Fri | $35.32 | +2.93% | $1.14 | ₹50,926 | AED 4,170.46 |
| Mar 7Mon | $35.86 | +1.52% | $1.15 | ₹51,763 | AED 4,233.88 |
| Mar 8Tue | $35.65 | −0.56% | $1.15 | ₹51,548 | AED 4,210.02 |
| Mar 9Wed | $36.04 | +1.09% | $1.16 | ₹52,031 | AED 4,256.08 |
| Mar 10Thu | $35.06 | −2.72% | $1.13 | ₹50,583 | AED 4,140.47 |
| Mar 11Fri | $35.93 | +2.48% | $1.16 | ₹52,114 | AED 4,243.20 |
| Mar 14Mon | $35.83 | −0.30% | $1.15 | ₹52,105 | AED 4,230.45 |
| Mar 15Tue | $34.12 | −4.77% | $1.10 | ₹49,304 | AED 4,028.53 |
| Mar 16Wed | $34.47 | +1.04% | $1.11 | ₹50,049 | AED 4,070.45 |
| Mar 17Thu | $34.26 | −0.61% | $1.10 | ₹49,589 | AED 4,045.53 |
| Mar 18Fri | $35.06 | +2.34% | $1.13 | ₹50,781 | AED 4,140.00 |
| Mar 21Mon | $36.00 | +2.69% | $1.16 | ₹52,085 | AED 4,251.23 |
| Mar 22Tue | $36.27 | +0.75% | $1.17 | ₹52,371 | AED 4,283.11 |
| Mar 23Wed | $37.20 | +2.57% | $1.20 | ₹53,644 | AED 4,392.93 |
| Mar 24Thu | $37.39 | +0.50% | $1.20 | ₹53,792 | AED 4,414.90 |
| Mar 25Fri | $37.06 | −0.88% | $1.19 | ₹53,138 | AED 4,375.93 |
| Mar 28Mon | $37.10 | +0.11% | $1.19 | ₹53,305 | AED 4,380.53 |
| Mar 29Tue | $36.98 | −0.32% | $1.19 | ₹53,141 | AED 4,366.36 |
| Mar 30Wed | $37.50 | +1.42% | $1.21 | ₹53,846 | AED 4,428.24 |
| Mar 31Thu | $37.87 | +0.99% | $1.22 | ₹54,318 | AED 4,471.81 |
How March usually goes for silver
In the 20 years from 2006 to 2025, silver rose in March 9 times out of 20, with an average move of +1.0% and a median of −0.5%.
Silver in March 2011: FAQ
What was the price of silver in March 2011?
Silver traded between $34.12 and $37.87 per troy ounce (daily closes) in March 2011, averaging $35.85. It closed the month at $37.87.
How much did silver go up in March 2011?
Silver rose 12.0%, from $33.80 to $37.87. The biggest daily rise was +2.9% on March 4, 2011 and the biggest fall −4.8% on March 15, 2011.
What was the silver price on March 1, 2011?
Silver closed at $34.42 per troy ounce on March 1, 2011, the first trading day of the month. 999 India, ₹ per kg: ₹49,903.
Is March usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in March 9 times out of 20, with an average move of +1.0% and a median of −0.5%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in March 2011?
Silver rose 10.4% in Indian rupee terms in March 2011, compared with +12.0% in US dollars.
Did silver beat stocks in March 2011?
Yes. Silver was +12.0% for the month, against 0.0% for the S&P 500 with dividends.
Did silver keep up with inflation in March 2011?
US consumer prices (CPI) changed +0.98% in March, so silver's real (inflation-adjusted) change was about +11.0%.