Silver Price in May 2021
In May 2021, silver rose 8.3%, from $25.85 at the end of April to $27.99 per troy ounce on May 28, 2021. The highest close was $28.31 on May 18, 2021, the lowest $26.50 on May 5, 2021, and the average over 20 trading days was $27.57. Today's price is 92.3% higher than the May 2021 close.
- Silver rose 8.3% in US dollars in May 2021, leaving it up 6.3% for the year to date.
- Measured in other currencies, the change ranged from +4.3% in ZAR to +12.2% in TRY, because exchange rates moved too.
- It did better than gold (+7.6%), bitcoin (−35.4%) and US stocks (+0.7%).
- It closed higher on 12 trading days and lower on 7, with an average daily move of 1.18%.
- At the end of the month it was 42.4% below its highest close since 2000.
- Gold/silver ratio: 68.4 → 68.0.
Silver price chart, May 2021
US dollars per troy ounce · daily closeSilver in other currencies, May 2021
| Currency | Change in the month |
|---|---|
| TRY | +12.2% |
| PKR | +9.5% |
| JPY | +9.2% |
| AUD | +8.8% |
| MXN | +7.9% |
| EUR | +7.7% |
| CNY | +6.8% |
| CAD | +6.5% |
| GBP | +6.4% |
| INR | +6.2% |
| ZAR | +4.3% |
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, May 2021
| Asset | Change (USD) |
|---|---|
| Silver | +8.3% |
| Gold | +7.6% |
| Bitcoin | −35.4% |
| S&P 500 (with dividends) | +0.7% |
| US inflation (CPI, month) | +0.80% |
| Silver, year to date (end of May) | +6.3% |
| Gold/silver ratio | 68.4 → 68.0 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, May 2021
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 |
|---|---|---|---|---|---|
| May 3Mon | $26.94 | +4.22% | $0.87 | ₹64,184 | AED 3,181.34 |
| May 4Tue | $26.54 | −1.50% | $0.85 | ₹63,002 | AED 3,133.30 |
| May 5Wed | $26.50 | −0.14% | $0.85 | ₹62,864 | AED 3,128.93 |
| May 6Thu | $27.46 | +3.62% | $0.88 | ₹65,159 | AED 3,242.27 |
| May 7Fri | $27.46 | 0.00% | $0.88 | ₹64,997 | AED 3,242.27 |
| May 10Mon | $27.48 | +0.06% | $0.88 | ₹64,750 | AED 3,244.63 |
| May 11Tue | $27.66 | +0.65% | $0.89 | ₹65,356 | AED 3,265.30 |
| May 12Wed | $27.23 | −1.54% | $0.88 | ₹64,240 | AED 3,215.00 |
| May 13Thu | $27.04 | −0.69% | $0.87 | ₹64,065 | AED 3,192.92 |
| May 14Fri | $27.35 | +1.14% | $0.88 | ₹64,589 | AED 3,229.40 |
| May 17Mon | $28.26 | +3.32% | $0.91 | ₹66,580 | AED 3,336.85 |
| May 18Tue | $28.31 | +0.19% | $0.91 | ₹66,699 | AED 3,342.86 |
| May 19Wed | $28.01 | −1.08% | $0.90 | ₹65,850 | AED 3,306.74 |
| May 20Thu | $28.05 | +0.16% | $0.90 | ₹66,039 | AED 3,311.93 |
| May 21Fri | $27.47 | −2.06% | $0.88 | ₹64,499 | AED 3,243.57 |
| May 24Mon | $27.89 | +1.51% | $0.90 | ₹65,370 | AED 3,292.81 |
| May 25Tue | $28.04 | +0.54% | $0.90 | ₹65,656 | AED 3,310.16 |
| May 26Wed | $27.85 | −0.66% | $0.90 | ₹65,196 | AED 3,289.06 |
| May 27Thu | $27.92 | +0.24% | $0.90 | ₹65,232 | AED 3,296.23 |
| May 28Fri | $27.99 | +0.27% | $0.90 | ₹65,414 | AED 3,304.96 |
How May usually goes for silver
In the 20 years from 2006 to 2025, silver rose in May 9 times out of 20, with an average move of +0.3% and a median of −0.7%.
Silver in May 2021: FAQ
What was the price of silver in May 2021?
Silver traded between $26.50 and $28.31 per troy ounce (daily closes) in May 2021, averaging $27.57. It closed the month at $27.99.
How much did silver go up in May 2021?
Silver rose 8.3%, from $25.85 to $27.99. The biggest daily rise was +4.2% on May 3, 2021 and the biggest fall −2.1% on May 21, 2021.
What was the silver price on May 3, 2021?
Silver closed at $26.94 per troy ounce on May 3, 2021, the first trading day of the month. 999 India, ₹ per kg: ₹64,184.
Is May usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in May 9 times out of 20, with an average move of +0.3% and a median of −0.7%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in May 2021?
Silver rose 6.2% in Indian rupee terms in May 2021, compared with +8.3% in US dollars.
Did silver beat stocks in May 2021?
Yes. Silver was +8.3% for the month, against +0.7% for the S&P 500 with dividends.
Did silver keep up with inflation in May 2021?
US consumer prices (CPI) changed +0.80% in May, so silver's real (inflation-adjusted) change was about +7.4%.