Silver Price in September 2011
In September 2011, silver fell 28.0%, from $41.70 at the end of August to $30.04 per troy ounce on September 30, 2011. The highest close was $43.02 on September 2, 2011, the lowest $29.93 on September 26, 2011, and the average over 21 trading days was $37.72. Today's price is 80.5% higher than the September 2011 close.
- Silver fell 28.0% in US dollars in September 2011, leaving it down 2.8% for the year to date.
- Measured in other currencies, the change ranged from −27.9% in JPY to −18.7% in ZAR, because exchange rates moved too.
- It did worse than gold (−11.4%) and US stocks (−7.0%).
- It closed higher on 8 trading days and lower on 13, with an average daily move of 3.47%.
- At the end of the month it was 38.2% below its highest close since 2000.
- Gold/silver ratio: 43.8 → 53.9.
Silver price chart, September 2011
US dollars per troy ounce · daily closeSilver in other currencies, September 2011
| Currency | Change in the month |
|---|---|
| ZAR | −18.7% |
| MXN | −18.8% |
| AUD | −21.2% |
| TRY | −23.0% |
| INR | −23.4% |
| EUR | −23.5% |
| CAD | −23.6% |
| GBP | −24.7% |
| PKR | −27.6% |
| CNY | −27.9% |
| JPY | −27.9% |
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, September 2011
| Asset | Change (USD) |
|---|---|
| Silver | −28.0% |
| Gold | −11.4% |
| S&P 500 (with dividends) | −7.0% |
| US inflation (CPI, month) | +0.15% |
| Silver, year to date (end of September) | −2.8% |
| Gold/silver ratio | 43.8 → 53.9 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in September 2011
- Tuesday, September 6Gold reaches a peak of about $1,921 an ounce, a record that stands until 2020. SourceSilver: −2.8% that day
Daily Silver Prices, September 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 |
|---|---|---|---|---|---|
| Sep 1Thu | $41.48 | −0.52% | $1.33 | ₹61,002 | AED 4,898.33 |
| Sep 2Fri | $43.02 | +3.71% | $1.38 | ₹63,209 | AED 5,080.08 |
| Sep 6Tue | $41.82 | −2.79% | $1.34 | ₹61,825 | AED 4,938.01 |
| Sep 7Wed | $41.57 | −0.59% | $1.34 | ₹61,536 | AED 4,909.09 |
| Sep 8Thu | $42.48 | +2.18% | $1.37 | ₹62,878 | AED 5,016.20 |
| Sep 9Fri | $41.57 | −2.13% | $1.34 | ₹61,657 | AED 4,909.21 |
| Sep 12Mon | $40.16 | −3.39% | $1.29 | ₹60,230 | AED 4,742.57 |
| Sep 13Tue | $41.12 | +2.39% | $1.32 | ₹62,352 | AED 4,855.94 |
| Sep 14Wed | $40.47 | −1.59% | $1.30 | ₹61,751 | AED 4,778.84 |
| Sep 15Thu | $39.45 | −2.51% | $1.27 | ₹60,327 | AED 4,658.74 |
| Sep 16Fri | $40.78 | +3.37% | $1.31 | ₹62,279 | AED 4,815.68 |
| Sep 19Mon | $39.11 | −4.10% | $1.26 | ₹59,312 | AED 4,617.10 |
| Sep 20Tue | $40.08 | +2.48% | $1.29 | ₹61,497 | AED 4,732.90 |
| Sep 21Wed | $40.42 | +0.85% | $1.30 | ₹62,261 | AED 4,773.06 |
| Sep 22Thu | $36.54 | −9.60% | $1.17 | ₹56,633 | AED 4,314.53 |
| Sep 23Fri | $30.05 | −17.75% | $0.97 | ₹47,799 | AED 3,547.75 |
| Sep 26Mon | $29.93 | −0.41% | $0.96 | ₹47,477 | AED 3,533.97 |
| Sep 27Tue | $31.50 | +5.25% | $1.01 | ₹50,025 | AED 3,719.37 |
| Sep 28Wed | $30.09 | −4.48% | $0.97 | ₹47,212 | AED 3,552.53 |
| Sep 29Thu | $30.47 | +1.29% | $0.98 | ₹47,760 | AED 3,598.23 |
| Sep 30Fri | $30.04 | −1.41% | $0.97 | ₹47,191 | AED 3,547.44 |
How September usually goes for silver
In the 20 years from 2006 to 2025, silver rose in September 9 times out of 20, with an average move of −1.7% and a median of −2.7%.
Silver in September 2011: FAQ
What was the price of silver in September 2011?
Silver traded between $29.93 and $43.02 per troy ounce (daily closes) in September 2011, averaging $37.72. It closed the month at $30.04.
How much did silver go down in September 2011?
Silver fell 28.0%, from $41.70 to $30.04. The biggest daily rise was +5.2% on September 27, 2011 and the biggest fall −17.8% on September 23, 2011.
What was the silver price on September 1, 2011?
Silver closed at $41.48 per troy ounce on September 1, 2011, the first trading day of the month. 999 India, ₹ per kg: ₹61,002.
Is September usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in September 9 times out of 20, with an average move of −1.7% and a median of −2.7%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in September 2011?
Silver fell 23.4% in Indian rupee terms in September 2011, compared with −28.0% in US dollars.
Did silver beat stocks in September 2011?
No. Silver was −28.0% for the month, against −7.0% for the S&P 500 with dividends.
Did silver keep up with inflation in September 2011?
US consumer prices (CPI) changed +0.15% in September, so silver's real (inflation-adjusted) change was about −28.1%.