Silver Price in September 2012
In September 2012, silver rose 10.0%, from $31.37 at the end of August to $34.52 per troy ounce on September 28, 2012. The highest close was $34.72 on September 13, 2012, the lowest $32.27 on September 5, 2012, and the average over 19 trading days was $33.89. Today's price is 56.3% higher than the September 2012 close.
- Silver rose 10.0% in US dollars in September 2012, leaving it up 23.8% for the year to date.
- Measured in other currencies, the change ranged from +4.8% in INR to +9.7% in PKR, because exchange rates moved too.
- It did better than gold (+5.1%) and US stocks (+2.6%).
- It closed higher on 7 trading days and lower on 12, with an average daily move of 1.08%.
- At the end of the month it was 29.0% below its highest close since 2000.
- Gold/silver ratio: 53.7 → 51.3.
Silver price chart, September 2012
US dollars per troy ounce · daily closeSilver in other currencies, September 2012
| Currency | Change in the month |
|---|---|
| PKR | +9.7% |
| CNY | +9.2% |
| JPY | +8.7% |
| CAD | +8.7% |
| AUD | +8.4% |
| TRY | +7.7% |
| MXN | +7.3% |
| GBP | +7.0% |
| EUR | +6.6% |
| ZAR | +6.6% |
| INR | +4.8% |
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 2012
| Asset | Change (USD) |
|---|---|
| Silver | +10.0% |
| Gold | +5.1% |
| S&P 500 (with dividends) | +2.6% |
| US inflation (CPI, month) | +0.45% |
| Silver, year to date (end of September) | +23.8% |
| Gold/silver ratio | 53.7 → 51.3 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, September 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 |
|---|---|---|---|---|---|
| Sep 4Tue | $32.35 | +3.12% | $1.04 | ₹57,750 | AED 3,818.93 |
| Sep 5Wed | $32.27 | −0.23% | $1.04 | ₹57,739 | AED 3,809.95 |
| Sep 6Thu | $32.62 | +1.08% | $1.05 | ₹58,627 | AED 3,851.02 |
| Sep 7Fri | $33.63 | +3.11% | $1.08 | ₹60,184 | AED 3,970.74 |
| Sep 10Mon | $33.57 | −0.18% | $1.08 | ₹59,755 | AED 3,963.77 |
| Sep 11Tue | $33.51 | −0.19% | $1.08 | ₹59,726 | AED 3,955.99 |
| Sep 12Wed | $33.23 | −0.82% | $1.07 | ₹59,127 | AED 3,923.41 |
| Sep 13Thu | $34.72 | +4.46% | $1.12 | ₹61,620 | AED 4,098.49 |
| Sep 14Fri | $34.60 | −0.33% | $1.11 | ₹61,653 | AED 4,085.15 |
| Sep 17Mon | $34.30 | −0.88% | $1.10 | ₹59,875 | AED 4,049.14 |
| Sep 18Tue | $34.64 | +1.01% | $1.11 | ₹60,156 | AED 4,090.10 |
| Sep 19Wed | $34.52 | −0.36% | $1.11 | ₹59,950 | AED 4,075.23 |
| Sep 20Thu | $34.62 | +0.29% | $1.11 | ₹60,122 | AED 4,086.92 |
| Sep 21Fri | $34.57 | −0.15% | $1.11 | ₹60,300 | AED 4,080.90 |
| Sep 24Mon | $33.92 | −1.87% | $1.09 | ₹58,191 | AED 4,004.63 |
| Sep 25Tue | $33.89 | −0.10% | $1.09 | ₹58,251 | AED 4,000.50 |
| Sep 26Wed | $33.88 | −0.01% | $1.09 | ₹58,126 | AED 4,000.14 |
| Sep 27Thu | $34.60 | +2.10% | $1.11 | ₹59,515 | AED 4,084.20 |
| Sep 28Fri | $34.52 | −0.23% | $1.11 | ₹58,825 | AED 4,074.99 |
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 2012: FAQ
What was the price of silver in September 2012?
Silver traded between $32.27 and $34.72 per troy ounce (daily closes) in September 2012, averaging $33.89. It closed the month at $34.52.
How much did silver go up in September 2012?
Silver rose 10.0%, from $31.37 to $34.52. The biggest daily rise was +4.5% on September 13, 2012 and the biggest fall −1.9% on September 24, 2012.
What was the silver price on September 4, 2012?
Silver closed at $32.35 per troy ounce on September 4, 2012, the first trading day of the month. 999 India, ₹ per kg: ₹57,750.
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 2012?
Silver rose 4.8% in Indian rupee terms in September 2012, compared with +10.0% in US dollars.
Did silver beat stocks in September 2012?
Yes. Silver was +10.0% for the month, against +2.6% for the S&P 500 with dividends.
Did silver keep up with inflation in September 2012?
US consumer prices (CPI) changed +0.45% in September, so silver's real (inflation-adjusted) change was about +9.5%.