Silver Price in August 2022
In August 2022, silver fell 11.9%, from $20.16 at the end of July to $17.76 per troy ounce on August 31, 2022. The highest close was $20.72 on August 10, 2022, the lowest $17.76 on August 31, 2022, and the average over 23 trading days was $19.59. Today's price is 203.1% higher than the August 2022 close.
- Silver fell 11.9% in US dollars in August 2022, leaving it down 23.9% for the year to date.
- Measured in other currencies, the change ranged from −19.3% in PKR to −8.0% in GBP, because exchange rates moved too.
- It did better than bitcoin (−14.1%), and worse than gold (−2.1%) and US stocks (−4.1%).
- It closed higher on 7 trading days and lower on 16, with an average daily move of 1.47%.
- At the end of the month it was 63.4% below its highest close since 2000.
- Gold/silver ratio: 87.5 → 97.2.
Silver price chart, August 2022
US dollars per troy ounce · daily closeSilver in other currencies, August 2022
| Currency | Change in the month |
|---|---|
| GBP | −8.0% |
| JPY | −9.0% |
| ZAR | −9.6% |
| CNY | −9.7% |
| CAD | −9.9% |
| AUD | −10.0% |
| EUR | −10.4% |
| TRY | −10.9% |
| INR | −11.8% |
| MXN | −12.5% |
| PKR | −19.3% |
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, August 2022
| Asset | Change (USD) |
|---|---|
| Silver | −11.9% |
| Gold | −2.1% |
| Bitcoin | −14.1% |
| S&P 500 (with dividends) | −4.1% |
| US inflation (CPI, month) | −0.04% |
| Silver, year to date (end of August) | −23.9% |
| Gold/silver ratio | 87.5 → 97.2 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, August 2022
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 1Mon | $20.32 | +0.82% | $0.65 | ₹51,743 | AED 2,399.62 |
| Aug 2Tue | $20.11 | −1.07% | $0.65 | ₹51,036 | AED 2,373.61 |
| Aug 3Wed | $19.87 | −1.19% | $0.64 | ₹50,203 | AED 2,345.28 |
| Aug 4Thu | $20.10 | +1.18% | $0.65 | ₹51,126 | AED 2,372.90 |
| Aug 5Fri | $19.82 | −1.39% | $0.64 | ₹50,437 | AED 2,339.85 |
| Aug 8Mon | $20.59 | +3.90% | $0.66 | ₹52,574 | AED 2,431.44 |
| Aug 9Tue | $20.46 | −0.65% | $0.66 | ₹52,357 | AED 2,415.29 |
| Aug 10Wed | $20.72 | +1.27% | $0.67 | ₹53,007 | AED 2,445.98 |
| Aug 11Thu | $20.33 | −1.89% | $0.65 | ₹51,690 | AED 2,399.70 |
| Aug 12Fri | $20.68 | +1.73% | $0.66 | ₹52,926 | AED 2,441.14 |
| Aug 15Mon | $20.25 | −2.06% | $0.65 | ₹51,844 | AED 2,390.91 |
| Aug 16Tue | $20.07 | −0.92% | $0.65 | ₹51,320 | AED 2,368.89 |
| Aug 17Wed | $19.71 | −1.76% | $0.63 | ₹50,157 | AED 2,327.10 |
| Aug 18Thu | $19.45 | −1.33% | $0.63 | ₹49,621 | AED 2,296.05 |
| Aug 19Fri | $19.06 | −2.01% | $0.61 | ₹48,875 | AED 2,250.00 |
| Aug 22Mon | $18.87 | −0.97% | $0.61 | ₹48,493 | AED 2,228.28 |
| Aug 23Tue | $19.01 | +0.74% | $0.61 | ₹48,829 | AED 2,244.57 |
| Aug 24Wed | $18.90 | −0.62% | $0.61 | ₹48,511 | AED 2,230.76 |
| Aug 25Thu | $19.11 | +1.14% | $0.61 | ₹49,030 | AED 2,256.26 |
| Aug 26Fri | $18.74 | −1.94% | $0.60 | ₹48,130 | AED 2,212.46 |
| Aug 29Mon | $18.56 | −0.99% | $0.60 | ₹47,700 | AED 2,190.92 |
| Aug 30Tue | $18.16 | −2.13% | $0.58 | ₹46,687 | AED 2,143.87 |
| Aug 31Wed | $17.76 | −2.19% | $0.57 | ₹45,503 | AED 2,097.00 |
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 2022: FAQ
What was the price of silver in August 2022?
Silver traded between $17.76 and $20.72 per troy ounce (daily closes) in August 2022, averaging $19.59. It closed the month at $17.76.
How much did silver go down in August 2022?
Silver fell 11.9%, from $20.16 to $17.76. The biggest daily rise was +3.9% on August 8, 2022 and the biggest fall −2.2% on August 31, 2022.
What was the silver price on August 1, 2022?
Silver closed at $20.32 per troy ounce on August 1, 2022, the first trading day of the month. 999 India, ₹ per kg: ₹51,743.
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 2022?
Silver fell 11.8% in Indian rupee terms in August 2022, compared with −11.9% in US dollars.
Did silver beat stocks in August 2022?
No. Silver was −11.9% for the month, against −4.1% for the S&P 500 with dividends.
Did silver keep up with inflation in August 2022?
US consumer prices (CPI) changed −0.04% in August, so silver's real (inflation-adjusted) change was about −11.8%.