Silver Price in March 2012
In March 2012, silver fell 6.1%, from $34.58 at the end of February to $32.47 per troy ounce on March 30, 2012. The highest close was $35.61 on March 1, 2012, the lowest $31.32 on March 22, 2012, and the average over 22 trading days was $32.93. Today's price is 67.0% higher than the March 2012 close.
- Silver fell 6.1% in US dollars in March 2012, leaving it up 16.5% for the year to date.
- Measured in other currencies, the change ranged from −6.5% in MXN to −1.8% in INR, because exchange rates moved too.
- It did worse than gold (−2.4%) and US stocks (+3.3%).
- It closed higher on 12 trading days and lower on 10, with an average daily move of 1.93%.
- At the end of the month it was 33.2% below its highest close since 2000.
- Gold/silver ratio: 49.4 → 51.4.
Silver price chart, March 2012
US dollars per troy ounce · daily closeSilver in other currencies, March 2012
| Currency | Change in the month |
|---|---|
| INR | −1.8% |
| AUD | −2.3% |
| ZAR | −3.2% |
| JPY | −4.0% |
| TRY | −4.3% |
| EUR | −4.9% |
| CAD | −5.9% |
| CNY | −6.0% |
| GBP | −6.3% |
| PKR | −6.4% |
| MXN | −6.5% |
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 2012
| Asset | Change (USD) |
|---|---|
| Silver | −6.1% |
| Gold | −2.4% |
| S&P 500 (with dividends) | +3.3% |
| US inflation (CPI, month) | +0.76% |
| Silver, year to date (end of March) | +16.5% |
| Gold/silver ratio | 49.4 → 51.4 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, March 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 |
|---|---|---|---|---|---|
| Mar 1Thu | $35.61 | +2.97% | $1.14 | ₹56,105 | AED 4,204.15 |
| Mar 2Fri | $34.48 | −3.17% | $1.11 | ₹54,540 | AED 4,070.74 |
| Mar 5Mon | $33.65 | −2.41% | $1.08 | ₹53,574 | AED 3,972.75 |
| Mar 6Tue | $32.74 | −2.70% | $1.05 | ₹52,457 | AED 3,865.32 |
| Mar 7Wed | $33.54 | +2.45% | $1.08 | ₹54,308 | AED 3,960.00 |
| Mar 8Thu | $33.79 | +0.73% | $1.09 | ₹54,619 | AED 3,989.05 |
| Mar 9Fri | $34.18 | +1.14% | $1.10 | ₹55,018 | AED 4,034.62 |
| Mar 12Mon | $33.37 | −2.34% | $1.07 | ₹53,385 | AED 3,940.05 |
| Mar 13Tue | $33.54 | +0.51% | $1.08 | ₹53,889 | AED 3,960.12 |
| Mar 14Wed | $32.15 | −4.16% | $1.03 | ₹51,502 | AED 3,795.20 |
| Mar 15Thu | $32.69 | +1.70% | $1.05 | ₹52,459 | AED 3,859.66 |
| Mar 16Fri | $32.57 | −0.37% | $1.05 | ₹52,758 | AED 3,845.49 |
| Mar 19Mon | $32.93 | +1.08% | $1.06 | ₹53,071 | AED 3,888.12 |
| Mar 20Tue | $31.81 | −3.40% | $1.02 | ₹51,361 | AED 3,754.82 |
| Mar 21Wed | $32.20 | +1.24% | $1.04 | ₹52,163 | AED 3,801.33 |
| Mar 22Thu | $31.32 | −2.73% | $1.01 | ₹50,979 | AED 3,698.25 |
| Mar 23Fri | $32.25 | +2.97% | $1.04 | ₹53,001 | AED 3,807.12 |
| Mar 26Mon | $32.73 | +1.48% | $1.05 | ₹53,837 | AED 3,863.55 |
| Mar 27Tue | $32.60 | −0.38% | $1.05 | ₹53,480 | AED 3,849.74 |
| Mar 28Wed | $31.82 | −2.41% | $1.02 | ₹51,839 | AED 3,756.12 |
| Mar 29Thu | $31.98 | +0.51% | $1.03 | ₹52,201 | AED 3,775.24 |
| Mar 30Fri | $32.47 | +1.54% | $1.04 | ₹53,592 | AED 3,833.21 |
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 2012: FAQ
What was the price of silver in March 2012?
Silver traded between $31.32 and $35.61 per troy ounce (daily closes) in March 2012, averaging $32.93. It closed the month at $32.47.
How much did silver go down in March 2012?
Silver fell 6.1%, from $34.58 to $32.47. The biggest daily rise was +3.0% on March 1, 2012 and the biggest fall −4.2% on March 14, 2012.
What was the silver price on March 1, 2012?
Silver closed at $35.61 per troy ounce on March 1, 2012, the first trading day of the month. 999 India, ₹ per kg: ₹56,105.
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 2012?
Silver fell 1.8% in Indian rupee terms in March 2012, compared with −6.1% in US dollars.
Did silver beat stocks in March 2012?
No. Silver was −6.1% for the month, against +3.3% for the S&P 500 with dividends.
Did silver keep up with inflation in March 2012?
US consumer prices (CPI) changed +0.76% in March, so silver's real (inflation-adjusted) change was about −6.8%.