Silver Price in February 2020
In February 2020, silver fell 8.8%, from $17.97 at the end of January to $16.39 per troy ounce on February 28, 2020. The highest close was $18.87 on February 24, 2020, the lowest $16.39 on February 28, 2020, and the average over 19 trading days was $17.82. Today's price is 228.5% higher than the February 2020 close.
- Silver fell 8.8% in US dollars in February 2020, leaving it down 8.1% for the year to date.
- Measured in other currencies, the change ranged from −9.0% in PKR to −4.3% in ZAR, because exchange rates moved too.
- It did worse than gold (−1.2%), bitcoin (−8.0%) and US stocks (−8.2%).
- It closed higher on 10 trading days and lower on 9, with an average daily move of 1.49%.
- At the end of the month it was 66.3% below its highest close since 2000.
- Gold/silver ratio: 88.1 → 95.4.
Silver price chart, February 2020
US dollars per troy ounce · daily closeSilver in other currencies, February 2020
| Currency | Change in the month |
|---|---|
| ZAR | −4.3% |
| TRY | −5.3% |
| MXN | −5.5% |
| AUD | −7.0% |
| GBP | −7.4% |
| CAD | −7.6% |
| CNY | −7.9% |
| JPY | −8.2% |
| INR | −8.5% |
| EUR | −8.6% |
| PKR | −9.0% |
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, February 2020
| Asset | Change (USD) |
|---|---|
| Silver | −8.8% |
| Gold | −1.2% |
| Bitcoin | −8.0% |
| S&P 500 (with dividends) | −8.2% |
| US inflation (CPI, month) | +0.27% |
| Silver, year to date (end of February) | −8.1% |
| Gold/silver ratio | 88.1 → 95.4 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, February 2020
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 |
|---|---|---|---|---|---|
| Feb 3Mon | $17.64 | −1.85% | $0.57 | ₹40,548 | AED 2,082.88 |
| Feb 4Tue | $17.53 | −0.63% | $0.56 | ₹40,188 | AED 2,069.43 |
| Feb 5Wed | $17.57 | +0.23% | $0.56 | ₹40,161 | AED 2,074.27 |
| Feb 6Thu | $17.79 | +1.25% | $0.57 | ₹40,710 | AED 2,100.24 |
| Feb 7Fri | $17.67 | −0.70% | $0.57 | ₹40,591 | AED 2,085.60 |
| Feb 10Mon | $17.76 | +0.53% | $0.57 | ₹40,831 | AED 2,096.87 |
| Feb 11Tue | $17.57 | −1.04% | $0.56 | ₹40,272 | AED 2,074.74 |
| Feb 12Wed | $17.48 | −0.54% | $0.56 | ₹40,052 | AED 2,063.52 |
| Feb 13Thu | $17.60 | +0.70% | $0.57 | ₹40,343 | AED 2,077.93 |
| Feb 14Fri | $17.72 | +0.65% | $0.57 | ₹40,591 | AED 2,091.50 |
| Feb 18Tue | $18.13 | +2.35% | $0.58 | ₹41,591 | AED 2,140.62 |
| Feb 19Wed | $18.29 | +0.89% | $0.59 | ₹42,093 | AED 2,159.63 |
| Feb 20Thu | $18.31 | +0.09% | $0.59 | ₹42,281 | AED 2,161.63 |
| Feb 21Fri | $18.52 | +1.16% | $0.60 | ₹42,939 | AED 2,186.66 |
| Feb 24Mon | $18.87 | +1.87% | $0.61 | ₹43,608 | AED 2,227.87 |
| Feb 25Tue | $18.18 | −3.63% | $0.58 | ₹42,118 | AED 2,146.76 |
| Feb 26Wed | $17.83 | −1.96% | $0.57 | ₹41,190 | AED 2,104.61 |
| Feb 27Thu | $17.66 | −0.94% | $0.57 | ₹40,685 | AED 2,085.00 |
| Feb 28Fri | $16.39 | −7.20% | $0.53 | ₹37,897 | AED 1,934.71 |
How February usually goes for silver
In the 20 years from 2006 to 2025, silver rose in February 10 times out of 20, with an average move of +1.6% and a median of +0.3%.
Silver in February 2020: FAQ
What was the price of silver in February 2020?
Silver traded between $16.39 and $18.87 per troy ounce (daily closes) in February 2020, averaging $17.82. It closed the month at $16.39.
How much did silver go down in February 2020?
Silver fell 8.8%, from $17.97 to $16.39. The biggest daily rise was +2.3% on February 18, 2020 and the biggest fall −7.2% on February 28, 2020.
What was the silver price on February 3, 2020?
Silver closed at $17.64 per troy ounce on February 3, 2020, the first trading day of the month. 999 India, ₹ per kg: ₹40,548.
Is February usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in February 10 times out of 20, with an average move of +1.6% and a median of +0.3%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in February 2020?
Silver fell 8.5% in Indian rupee terms in February 2020, compared with −8.8% in US dollars.
Did silver beat stocks in February 2020?
No. Silver was −8.8% for the month, against −8.2% for the S&P 500 with dividends.
Did silver keep up with inflation in February 2020?
US consumer prices (CPI) changed +0.27% in February, so silver's real (inflation-adjusted) change was about −9.1%.