Silver Price in August 2014
In August 2014, silver fell 4.8%, from $20.37 at the end of July to $19.40 per troy ounce on August 29, 2014. The highest close was $20.33 on August 1, 2014, the lowest $19.34 on August 25, 2014, and the average over 21 trading days was $19.69. Today's price is 176.7% higher than the August 2014 close.
- Silver fell 4.8% in US dollars in August 2014, leaving it up 0.3% for the year to date.
- Measured in other currencies, the change ranged from −5.8% in MXN to −2.7% in PKR, because exchange rates moved too.
- It did worse than gold (+0.4%) and US stocks (+4.0%).
- It closed higher on 8 trading days and lower on 13, with an average daily move of 0.62%.
- At the end of the month it was 60.1% below its highest close since 2000.
- Gold/silver ratio: 62.9 → 66.3.
Silver price chart, August 2014
US dollars per troy ounce · daily closeSilver in other currencies, August 2014
| Currency | Change in the month |
|---|---|
| PKR | −2.7% |
| GBP | −3.0% |
| EUR | −3.3% |
| TRY | −3.6% |
| JPY | −4.0% |
| INR | −4.2% |
| AUD | −5.1% |
| CNY | −5.2% |
| CAD | −5.2% |
| ZAR | −5.2% |
| MXN | −5.8% |
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, August 2014
| Asset | Change (USD) |
|---|---|
| Silver | −4.8% |
| Gold | +0.4% |
| S&P 500 (with dividends) | +4.0% |
| US inflation (CPI, month) | −0.17% |
| Silver, year to date (end of August) | +0.3% |
| Gold/silver ratio | 62.9 → 66.3 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, August 2014
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 |
|---|---|---|---|---|---|
| Aug 1Fri | $20.33 | −0.20% | $0.65 | ₹39,725 | AED 2,400.41 |
| Aug 4Mon | $20.19 | −0.68% | $0.65 | ₹39,739 | AED 2,384.12 |
| Aug 5Tue | $19.79 | −1.98% | $0.64 | ₹38,756 | AED 2,336.89 |
| Aug 6Wed | $19.99 | +0.96% | $0.64 | ₹39,094 | AED 2,359.44 |
| Aug 7Thu | $19.95 | −0.17% | $0.64 | ₹39,250 | AED 2,355.43 |
| Aug 8Fri | $19.90 | −0.25% | $0.64 | ₹39,184 | AED 2,349.65 |
| Aug 11Mon | $20.06 | +0.79% | $0.64 | ₹39,431 | AED 2,368.30 |
| Aug 12Tue | $19.87 | −0.95% | $0.64 | ₹39,046 | AED 2,345.87 |
| Aug 13Wed | $19.81 | −0.30% | $0.64 | ₹38,991 | AED 2,338.78 |
| Aug 14Thu | $19.87 | +0.31% | $0.64 | ₹38,984 | AED 2,345.99 |
| Aug 15Fri | $19.49 | −1.92% | $0.63 | ₹37,998 | AED 2,301.00 |
| Aug 18Mon | $19.60 | +0.56% | $0.63 | ₹38,296 | AED 2,313.99 |
| Aug 19Tue | $19.39 | −1.09% | $0.62 | ₹37,910 | AED 2,288.84 |
| Aug 20Wed | $19.47 | +0.44% | $0.63 | ₹38,026 | AED 2,298.88 |
| Aug 21Thu | $19.39 | −0.42% | $0.62 | ₹37,783 | AED 2,289.20 |
| Aug 22Fri | $19.36 | −0.15% | $0.62 | ₹37,622 | AED 2,285.77 |
| Aug 25Mon | $19.34 | −0.12% | $0.62 | ₹37,592 | AED 2,283.00 |
| Aug 26Tue | $19.37 | +0.17% | $0.62 | ₹37,683 | AED 2,286.84 |
| Aug 27Wed | $19.40 | +0.13% | $0.62 | ₹37,681 | AED 2,289.79 |
| Aug 28Thu | $19.53 | +0.72% | $0.63 | ₹37,963 | AED 2,306.20 |
| Aug 29Fri | $19.40 | −0.70% | $0.62 | ₹37,800 | AED 2,290.14 |
How August usually goes for silver
In the 20 years from 2006 to 2025, silver rose in August 10 times out of 20, with an average move of +1.8% and a median of +1.9%.
Silver in August 2014: FAQ
What was the price of silver in August 2014?
Silver traded between $19.34 and $20.33 per troy ounce (daily closes) in August 2014, averaging $19.69. It closed the month at $19.40.
How much did silver go down in August 2014?
Silver fell 4.8%, from $20.37 to $19.40. The biggest daily rise was +1.0% on August 6, 2014 and the biggest fall −2.0% on August 5, 2014.
What was the silver price on August 1, 2014?
Silver closed at $20.33 per troy ounce on August 1, 2014, the first trading day of the month. 999 India, ₹ per kg: ₹39,725.
Is August usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in August 10 times out of 20, with an average move of +1.8% and a median of +1.9%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in August 2014?
Silver fell 4.2% in Indian rupee terms in August 2014, compared with −4.8% in US dollars.
Did silver beat stocks in August 2014?
No. Silver was −4.8% for the month, against +4.0% for the S&P 500 with dividends.
Did silver keep up with inflation in August 2014?
US consumer prices (CPI) changed −0.17% in August, so silver's real (inflation-adjusted) change was about −4.6%.