Silver Price in 2007
The silver price rose 14.4% in 2007, from $12.90 at the end of 2006 to $14.76. Its highest close was $15.82 on Nov 7, and its lowest $11.67 on Aug 21. The biggest one-day fall was −6.8% on Mar 5 and the biggest rise +5.7% on Nov 7. Adjusted for inflation, it gained 9.9%.
Daily COMEX prices, the year in 12 currencies and festival prices: Silver Price in 2007 →
Silver Price, daily closes 2007
Numbers mark the events belowKey Events in 2007
What happened, and how the Silver moved — on the day (or the next trading day) and about a month later.
- 1
Monday, March 5 From the dataBiggest one-day fall of the year: −6.8%.
- 2
Thursday, August 9BNP Paribas closes funds exposed to US subprime mortgages, marking the start of the credit crunch. SourceSilver: −0.4% that day · −3.5% a month later
- 3
Friday, September 14Northern Rock receives Bank of England emergency support, triggering a run on the bank. SourceSilver: +0.2% that day · +10.6% a month later
- 4
Tuesday, November 6 From the dataBack above its pre-bear-market peak of $14.94 (May 12, 2006).
- 5
Wednesday, November 7 From the dataBiggest one-day rise of the year: +5.7%.
Biggest days of 2007
| Best days | Worst days | ||
|---|---|---|---|
| Nov 7 | +5.7% | Mar 5 | −6.8% |
| Feb 22 | +3.7% | Aug 17 | −5.5% |
| Jan 15 | +3.7% | Mar 2 | −5.3% |
| Nov 6 | +3.2% | Jun 27 | −4.6% |
| Oct 10 | +3.1% | Dec 14 | −4.1% |
Volatility: 26.1% (annualised standard deviation of daily changes).
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | $13.36 | +3.6% |
| Feb | $14.31 | +7.1% |
| Mar | $13.35 | −6.7% |
| Apr | $13.50 | +1.1% |
| May | $13.25 | −1.9% |
| Jun | $12.54 | −5.4% |
| Jul | $12.93 | +3.1% |
| Aug | $11.95 | −7.6% |
| Sep | $13.65 | +14.2% |
| Oct | $14.32 | +4.9% |
| Nov | $14.23 | −0.6% |
| Dec | $14.76 | +3.7% |
Other Markets in 2007
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| Silver Price | +14.4% | $14.76 |
| Dow Jones Industrial Average in 2007 | +6.4% | 13,264.82 |
| S&P 500 in 2007 | +3.5% | 1,468.36 |
| Nasdaq Composite in 2007 | +9.8% | 2,652.28 |
| Russell 2000 in 2007 | −2.7% | 766.03 |
| Nikkei 225 in 2007 | −11.1% | 15,307.78 |
| Gold in 2007 | +31.9% | $833.75 |
| WTI crude oil in 2007 | +57.7% | $95.95 |
| Brent crude oil in 2007 | +58.9% | $93.68 |
| US 10-year Treasury yield in 2007 | −0.67 pp | 4.04% |
Silver Price in 2007: FAQ
How much did the silver price rise in 2007?
The silver price rose 14.4% in 2007, from $12.90 at the end of 2006 to $14.76. Its highest close was $15.82 on Nov 7, and its lowest $11.67 on Aug 21. The biggest one-day fall was −6.8% on Mar 5 and the biggest rise +5.7% on Nov 7. Adjusted for inflation, it gained 9.9%.
What were the highest and lowest closes of the silver price in 2007?
Highest: $15.82 on November 7, 2007. Lowest: $11.67 on August 21, 2007. It closed higher on 137 of 253 trading days.
What happened to the silver price on August 9, 2007?
BNP Paribas closes funds exposed to US subprime mortgages, marking the start of the credit crunch. The silver price fell 0.4% that day, and was −3.5% 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.