Silver Price in July 2012
In July 2012, silver rose 1.1%, from $27.58 at the end of June to $27.90 per troy ounce on July 31, 2012. The highest close was $28.24 on July 3, 2012, the lowest $26.79 on July 24, 2012, and the average over 21 trading days was $27.34. Today's price is 94.4% higher than the July 2012 close.
- Silver rose 1.1% in US dollars in July 2012, leaving it up 0.1% for the year to date.
- Measured in other currencies, the change ranged from −3.3% in AUD to +2.6% in EUR, because exchange rates moved too.
- It did better than gold (+0.4%), and worse than US stocks (+1.4%).
- It closed higher on 10 trading days and lower on 11, with an average daily move of 1.07%.
- At the end of the month it was 42.6% below its highest close since 2000.
- Gold/silver ratio: 58.1 → 57.7.
Silver price chart, July 2012
US dollars per troy ounce · daily closeSilver in other currencies, July 2012
| Currency | Change in the month |
|---|---|
| EUR | +2.6% |
| PKR | +1.6% |
| CNY | +1.5% |
| MXN | +1.0% |
| GBP | −0.1% |
| TRY | −0.3% |
| JPY | −0.4% |
| INR | −1.3% |
| ZAR | −1.3% |
| CAD | −2.0% |
| AUD | −3.3% |
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 2012
| Asset | Change (USD) |
|---|---|
| Silver | +1.1% |
| Gold | +0.4% |
| S&P 500 (with dividends) | +1.4% |
| US inflation (CPI, month) | −0.16% |
| Silver, year to date (end of July) | +0.1% |
| Gold/silver ratio | 58.1 → 57.7 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in July 2012
- Thursday, July 26ECB President Mario Draghi says the ECB is ready to do "whatever it takes" to preserve the euro. SourceSilver: −0.1% that day
Daily Silver Prices, July 2012
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 2Mon | $27.47 | −0.41% | $0.88 | ₹49,016 | AED 3,242.80 |
| Jul 3Tue | $28.24 | +2.82% | $0.91 | ₹50,330 | AED 3,334.39 |
| Jul 5Thu | $27.64 | −2.14% | $0.89 | ₹48,408 | AED 3,262.87 |
| Jul 6Fri | $26.89 | −2.71% | $0.86 | ₹47,494 | AED 3,174.45 |
| Jul 9Mon | $27.41 | +1.94% | $0.88 | ₹48,826 | AED 3,236.08 |
| Jul 10Tue | $26.85 | −2.04% | $0.86 | ₹48,208 | AED 3,170.05 |
| Jul 11Wed | $27.00 | +0.54% | $0.87 | ₹48,072 | AED 3,186.96 |
| Jul 12Thu | $27.14 | +0.52% | $0.87 | ₹48,524 | AED 3,203.61 |
| Jul 13Fri | $27.34 | +0.77% | $0.88 | ₹49,168 | AED 3,228.17 |
| Jul 16Mon | $27.30 | −0.17% | $0.88 | ₹48,390 | AED 3,222.62 |
| Jul 17Tue | $27.29 | −0.02% | $0.88 | ₹48,302 | AED 3,222.03 |
| Jul 18Wed | $27.07 | −0.81% | $0.87 | ₹47,955 | AED 3,195.94 |
| Jul 19Thu | $27.19 | +0.45% | $0.87 | ₹48,361 | AED 3,210.46 |
| Jul 20Fri | $27.28 | +0.31% | $0.88 | ₹48,341 | AED 3,220.49 |
| Jul 23Mon | $27.02 | −0.95% | $0.87 | ₹48,054 | AED 3,189.80 |
| Jul 24Tue | $26.79 | −0.85% | $0.86 | ₹48,202 | AED 3,162.85 |
| Jul 25Wed | $27.45 | +2.44% | $0.88 | ₹49,508 | AED 3,240.09 |
| Jul 26Thu | $27.43 | −0.05% | $0.88 | ₹49,527 | AED 3,238.52 |
| Jul 27Fri | $27.48 | +0.17% | $0.88 | ₹49,047 | AED 3,243.99 |
| Jul 30Mon | $28.01 | +1.95% | $0.90 | ₹49,760 | AED 3,307.26 |
| Jul 31Tue | $27.90 | −0.42% | $0.90 | ₹49,706 | AED 3,293.22 |
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 2012: FAQ
What was the price of silver in July 2012?
Silver traded between $26.79 and $28.24 per troy ounce (daily closes) in July 2012, averaging $27.34. It closed the month at $27.90.
How much did silver go up in July 2012?
Silver rose 1.1%, from $27.58 to $27.90. The biggest daily rise was +2.8% on July 3, 2012 and the biggest fall −2.7% on July 6, 2012.
What was the silver price on July 2, 2012?
Silver closed at $27.47 per troy ounce on July 2, 2012, the first trading day of the month. 999 India, ₹ per kg: ₹49,016.
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 2012?
Silver fell 1.3% in Indian rupee terms in July 2012, compared with +1.1% in US dollars.
Did silver beat stocks in July 2012?
No. Silver was +1.1% for the month, against +1.4% for the S&P 500 with dividends.
Did silver keep up with inflation in July 2012?
US consumer prices (CPI) changed −0.16% in July, so silver's real (inflation-adjusted) change was about +1.3%.