Silver Price in August 2023
In August 2023, silver fell 1.5%, from $24.85 at the end of July to $24.47 per troy ounce on August 31, 2023. The highest close was $24.78 on August 29, 2023, the lowest $22.48 on August 16, 2023, and the average over 23 trading days was $23.47. Today's price is 131.4% higher than the August 2023 close.
Silver price chart, August 2023
US dollars per troy ounce · daily closeDaily Silver Prices, August 2023
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 1Tue | $24.21 | −2.60% | $0.78 | ₹64,003 | AED 2,858.01 |
| Aug 2Wed | $23.75 | −1.88% | $0.76 | ₹62,859 | AED 2,804.34 |
| Aug 3Thu | $23.59 | −0.71% | $0.76 | ₹62,737 | AED 2,784.51 |
| Aug 4Fri | $23.62 | +0.13% | $0.76 | ₹62,858 | AED 2,788.16 |
| Aug 7Mon | $23.14 | −2.01% | $0.74 | ₹61,528 | AED 2,732.09 |
| Aug 8Tue | $22.72 | −1.84% | $0.73 | ₹60,437 | AED 2,681.91 |
| Aug 9Wed | $22.65 | −0.29% | $0.73 | ₹60,329 | AED 2,674.00 |
| Aug 10Thu | $22.75 | +0.42% | $0.73 | ₹60,600 | AED 2,685.34 |
| Aug 11Fri | $22.67 | −0.32% | $0.73 | ₹60,360 | AED 2,676.84 |
| Aug 14Mon | $22.64 | −0.13% | $0.73 | ₹60,351 | AED 2,673.29 |
| Aug 15Tue | $22.60 | −0.22% | $0.73 | ₹60,465 | AED 2,667.51 |
| Aug 16Wed | $22.48 | −0.51% | $0.72 | ₹60,129 | AED 2,653.93 |
| Aug 17Thu | $22.67 | +0.85% | $0.73 | ₹60,668 | AED 2,676.36 |
| Aug 18Fri | $22.70 | +0.11% | $0.73 | ₹60,634 | AED 2,679.97 |
| Aug 21Mon | $23.30 | +2.68% | $0.75 | ₹62,312 | AED 2,751.21 |
| Aug 22Tue | $23.42 | +0.50% | $0.75 | ₹62,582 | AED 2,764.91 |
| Aug 23Wed | $24.36 | +4.03% | $0.78 | ₹65,070 | AED 2,876.24 |
| Aug 24Thu | $24.21 | −0.62% | $0.78 | ₹64,253 | AED 2,858.29 |
| Aug 25Fri | $24.22 | +0.04% | $0.78 | ₹64,352 | AED 2,859.35 |
| Aug 28Mon | $24.24 | +0.07% | $0.78 | ₹64,418 | AED 2,861.87 |
| Aug 29Tue | $24.78 | +2.22% | $0.80 | ₹65,872 | AED 2,925.11 |
| Aug 30Wed | $24.73 | −0.17% | $0.80 | ₹65,601 | AED 2,920.04 |
| Aug 31Thu | $24.47 | −1.06% | $0.79 | ₹65,068 | AED 2,889.10 |
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 2023: FAQ
What was the price of silver in August 2023?
Silver traded between $22.48 and $24.78 per troy ounce (daily closes) in August 2023, averaging $23.47. It closed the month at $24.47.
How much did silver go down in August 2023?
Silver fell 1.5%, from $24.85 to $24.47. The biggest daily rise was +4.0% on August 23, 2023 and the biggest fall −2.6% on August 1, 2023.
What was the silver price on August 1, 2023?
Silver closed at $24.21 per troy ounce on August 1, 2023, the first trading day of the month. 999 India, ₹ per kg: ₹64,003.
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.