Silver Price in 2005

The silver price rose 29.5% in 2005, from $6.82 at the end of 2004 to $8.83. Its highest close was $9.23 on Dec 12, and its lowest $6.39 on Jan 4. The biggest one-day fall was −6.3% on Jan 4 and the biggest rise +6.1% on Feb 11. Adjusted for inflation, it gained 25.2%.

Daily COMEX prices, the year in 12 currencies and festival prices: Silver Price in 2005 →

Change in 2005

+29.5%

$6.82 → $8.83

High

$9.23

Dec 12

Low

$6.39

Jan 4

After inflation

+25.2%

US CPI

Up days

124 of 252

longest run 5 up, 7 down

Below record

-82.1%

at the end of 2005

Silver Price, daily closes 2005

Numbers mark the events below

Key Events in 2005

What happened, and how the Silver moved — on the day (or the next trading day) and about a month later.

1
Tuesday, January 4 From the data

Enters a bear market: 20% below its peak of $8.04 (December 2, 2004). Bear market low: $6.39, 20.5% below the peak. Biggest one-day fall of the year: −6.3%.
2
Friday, February 11 From the data

Biggest one-day rise of the year: +6.1%.
3
Thursday, July 21

China ends the yuan's dollar peg, revaluing it to 8.11 per dollar. Source

Silver: +1.9% that day · −0.1% a month later
4
Thursday, November 17 From the data

Back above its pre-bear-market peak of $8.04 (December 2, 2004).
5
Tuesday, November 29 From the data

Back above its pre-bear-market peak of $8.29 (April 2, 2004).
6
Wednesday, December 7 From the data

Back above its pre-bear-market peak of $8.73 (August 4, 1987).

Biggest days of 2005

Best days		Worst days
Feb 11	+6.1%	Jan 4	−6.3%
Nov 17	+4.0%	Dec 13	−5.3%
Feb 14	+3.9%	Dec 14	−4.0%
Jun 1	+3.5%	Dec 21	−3.2%
Jan 24	+3.5%	Feb 25	−3.1%

Volatility: 24.1% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	$6.72	−1.5%	$6.81	$6.39
Feb	$7.35	+9.4%	$7.55	$6.49
Mar	$7.19	−2.2%	$7.57	$6.92
Apr	$6.98	−2.9%	$7.29	$6.94
May	$7.13	+2.1%	$7.18	$6.85
Jun	$7.10	−0.4%	$7.53	$7.07
Jul	$7.15	+0.7%	$7.15	$6.89
Aug	$6.74	−5.7%	$7.26	$6.74
Sep	$7.53	+11.7%	$7.53	$6.86
Oct	$7.77	+3.2%	$7.86	$7.35
Nov	$8.21	+5.7%	$8.29	$7.42
Dec	$8.83	+7.6%	$9.23	$8.28

Other Markets in 2005

Change over the calendar year.

Market	Change	Year-end
Silver Price	+29.5%	$8.83
Dow Jones Industrial Average in 2005	−0.6%	10,717.50
S&P 500 in 2005	+3.0%	1,248.29
Nasdaq Composite in 2005	+1.4%	2,205.32
Russell 2000 in 2005	+3.3%	673.22
Nikkei 225 in 2005	+40.2%	16,111.43
Gold in 2005	+17.8%	$513.00
WTI crude oil in 2005	+40.8%	$61.06
Brent crude oil in 2005	+44.5%	$58.34
US 10-year Treasury yield in 2005	+0.15 pp	4.39%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Silver Price in 2005: FAQ

How much did the silver price rise in 2005?

What were the highest and lowest closes of the silver price in 2005?

Highest: $9.23 on December 12, 2005. Lowest: $6.39 on January 4, 2005. It closed higher on 124 of 252 trading days.

What happened to the silver price on July 21, 2005?

China ends the yuan's dollar peg, revaluing it to 8.11 per dollar. The silver price rose 1.9% that day, and was −0.1% a month later.

Data: London silver fix from 1968 to Jan 2018 (gaps filled with Perth Mint spot), COMEX silver futures closes after that. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.