Silver Price in October 2019
In October 2019, silver rose 6.6%, from $16.90 at the end of September to $18.01 per troy ounce on October 31, 2019. The highest close was $18.01 on October 31, 2019, the lowest $17.20 on October 1, 2019, and the average over 23 trading days was $17.59. Today's price is 198.8% higher than the October 2019 close.
- Silver rose 6.6% in US dollars in October 2019, leaving it up 16.7% for the year to date.
- Measured in other currencies, the change ranged from +1.6% in GBP to +7.4% in JPY, because exchange rates moved too.
- It did better than gold (+3.1%) and US stocks (+2.2%), and worse than bitcoin (+10.9%).
- It closed higher on 13 trading days and lower on 10, with an average daily move of 0.75%.
- At the end of the month it was 62.9% below its highest close since 2000.
- Gold/silver ratio: 86.7 → 83.9.
Silver price chart, October 2019
US dollars per troy ounce · daily closeSilver in other currencies, October 2019
| Currency | Change in the month |
|---|---|
| JPY | +7.4% |
| INR | +7.3% |
| TRY | +7.2% |
| PKR | +6.5% |
| CAD | +6.0% |
| CNY | +5.6% |
| ZAR | +5.5% |
| EUR | +4.6% |
| AUD | +4.5% |
| MXN | +3.4% |
| GBP | +1.6% |
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, October 2019
| Asset | Change (USD) |
|---|---|
| Silver | +6.6% |
| Gold | +3.1% |
| Bitcoin | +10.9% |
| S&P 500 (with dividends) | +2.2% |
| US inflation (CPI, month) | +0.23% |
| Silver, year to date (end of October) | +16.7% |
| Gold/silver ratio | 86.7 → 83.9 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, October 2019
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 |
|---|---|---|---|---|---|
| Oct 1Tue | $17.20 | +1.80% | $0.55 | ₹39,224 | AED 2,030.83 |
| Oct 2Wed | $17.59 | +2.27% | $0.57 | ₹40,214 | AED 2,076.98 |
| Oct 3Thu | $17.59 | −0.04% | $0.57 | ₹40,221 | AED 2,076.15 |
| Oct 4Fri | $17.54 | −0.26% | $0.56 | ₹40,050 | AED 2,070.84 |
| Oct 7Mon | $17.46 | −0.47% | $0.56 | ₹39,745 | AED 2,061.27 |
| Oct 8Tue | $17.62 | +0.92% | $0.57 | ₹40,418 | AED 2,079.93 |
| Oct 9Wed | $17.73 | +0.63% | $0.57 | ₹40,587 | AED 2,093.04 |
| Oct 10Thu | $17.52 | −1.17% | $0.56 | ₹40,224 | AED 2,068.48 |
| Oct 11Fri | $17.46 | −0.33% | $0.56 | ₹39,849 | AED 2,061.63 |
| Oct 14Mon | $17.63 | +0.98% | $0.57 | ₹40,204 | AED 2,082.17 |
| Oct 15Tue | $17.31 | −1.85% | $0.56 | ₹39,761 | AED 2,043.45 |
| Oct 16Wed | $17.35 | +0.25% | $0.56 | ₹40,031 | AED 2,048.53 |
| Oct 17Thu | $17.54 | +1.07% | $0.56 | ₹40,379 | AED 2,070.37 |
| Oct 18Fri | $17.50 | −0.19% | $0.56 | ₹40,190 | AED 2,066.36 |
| Oct 21Mon | $17.53 | +0.14% | $0.56 | ₹40,024 | AED 2,069.41 |
| Oct 22Tue | $17.44 | −0.51% | $0.56 | ₹39,862 | AED 2,058.68 |
| Oct 23Wed | $17.52 | +0.46% | $0.56 | ₹40,028 | AED 2,068.13 |
| Oct 24Thu | $17.74 | +1.27% | $0.57 | ₹40,330 | AED 2,094.22 |
| Oct 25Fri | $17.86 | +0.69% | $0.57 | ₹40,880 | AED 2,108.57 |
| Oct 28Mon | $17.82 | −0.25% | $0.57 | ₹40,571 | AED 2,103.60 |
| Oct 29Tue | $17.77 | −0.25% | $0.57 | ₹40,415 | AED 2,097.94 |
| Oct 30Wed | $17.82 | +0.25% | $0.57 | ₹40,600 | AED 2,103.14 |
| Oct 31Thu | $18.01 | +1.12% | $0.58 | ₹41,115 | AED 2,126.63 |
How October usually goes for silver
In the 20 years from 2006 to 2025, silver rose in October 14 times out of 20, with an average move of +1.5% and a median of +1.8%.
Silver in October 2019: FAQ
What was the price of silver in October 2019?
Silver traded between $17.20 and $18.01 per troy ounce (daily closes) in October 2019, averaging $17.59. It closed the month at $18.01.
How much did silver go up in October 2019?
Silver rose 6.6%, from $16.90 to $18.01. The biggest daily rise was +2.3% on October 2, 2019 and the biggest fall −1.8% on October 15, 2019.
What was the silver price on October 1, 2019?
Silver closed at $17.20 per troy ounce on October 1, 2019, the first trading day of the month. 999 India, ₹ per kg: ₹39,224.
Is October usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in October 14 times out of 20, with an average move of +1.5% and a median of +1.8%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in October 2019?
Silver rose 7.3% in Indian rupee terms in October 2019, compared with +6.6% in US dollars.
Did silver beat stocks in October 2019?
Yes. Silver was +6.6% for the month, against +2.2% for the S&P 500 with dividends.
Did silver keep up with inflation in October 2019?
US consumer prices (CPI) changed +0.23% in October, so silver's real (inflation-adjusted) change was about +6.4%.