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Silver Price in 2011

The silver price fell 8.0% in 2011, from $30.63 at the end of 2010 to $28.18. Its highest close was $48.70 on Apr 28, and its lowest $26.16 on Dec 29. The biggest one-day fall was −17.0% on May 12 and the biggest rise +19.0% on Sep 27. Adjusted for inflation, it lost 10.6%.

Daily COMEX prices, the year in 12 currencies and festival prices: Silver Price in 2011 →

Change in 2011
−8.0%
$30.63 → $28.18
High
$48.70
Apr 28
Low
$26.16
Dec 29
After inflation
−10.6%
US CPI
Up days
132 of 251
longest run 6 up, 4 down
Below record
-43.0%
at the end of 2011

Silver Price, daily closes 2011

Numbers mark the events below
$28$37$47previous recordJanFebMarAprMayJunJulAugSepOctNovDec1Mar 7: Back above its pre-bear-market peak of $36.31 (March 5, 1980).2Mar 11: Tohoku earthquake and tsunami strike northeastern Japan.3Mar 18: G7 countries jointly intervene to weaken the yen after it reaches record highs following the earthquake.4Apr 28: Spot silver reaches $49.51 an ounce, a record at the time, before a sharp correction in May.5May 5: Enters a bear market: 20% below its peak of $48.70 (April 28, 2011).6May 12: Bear market low: $32.50, 33.3% below the peak. Biggest one-day fall of the year: −17.0%.7Aug 5: Standard & Poor's downgrades the US long-term credit rating from AAA to AA+.8Sep 6: Gold reaches a peak of about $1,921 an ounce, a record that stands until 2020.9Sep 23: Enters a bear market: 20% below its peak of $43.49 (August 22, 2011).10Sep 26: Bear market low: $28.16, 35.2% below the peak.11Sep 27: Biggest one-day rise of the year: +19.0%.12Dec 29: Enters a bear market: 20% below its peak of $35.42 (October 28, 2011). Bear market low: $26.16, 26.1% below the peak.

Key Events in 2011

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

  1. 1
    Monday, March 7 From the data
    Back above its pre-bear-market peak of $36.31 (March 5, 1980).
  2. 2
    Friday, March 11
    Tohoku earthquake and tsunami strike northeastern Japan. Source
    Silver: −3.1% that day · +14.3% a month later
  3. 3
    Friday, March 18
    G7 countries jointly intervene to weaken the yen after it reaches record highs following the earthquake. Source
    Silver: +2.0% that day · +23.6% a month later
  4. 4
    Thursday, April 28
    Spot silver reaches $49.51 an ounce, a record at the time, before a sharp correction in May. Source
    Silver: +7.5% that day · −14.7% a month later
  5. 5
    Thursday, May 5 From the data
    Enters a bear market: 20% below its peak of $48.70 (April 28, 2011).
  6. 6
    Thursday, May 12 From the data
    Bear market low: $32.50, 33.3% below the peak. Biggest one-day fall of the year: −17.0%.
  7. 7
    Friday, August 5
    Standard & Poor's downgrades the US long-term credit rating from AAA to AA+. Source
    Silver: −5.7% that day · +2.6% a month later
  8. 8
    Tuesday, September 6
    Gold reaches a peak of about $1,921 an ounce, a record that stands until 2020. Source
    Silver: −2.0% that day · −28.4% a month later
  9. 9
    Friday, September 23 From the data
    Enters a bear market: 20% below its peak of $43.49 (August 22, 2011).
  10. 10
    Monday, September 26 From the data
    Bear market low: $28.16, 35.2% below the peak.
  11. 11
    Tuesday, September 27 From the data
    Biggest one-day rise of the year: +19.0%.
  12. 12
    Thursday, December 29 From the data
    Enters a bear market: 20% below its peak of $35.42 (October 28, 2011). Bear market low: $26.16, 26.1% below the peak.

Biggest days of 2011

Best daysWorst days
Sep 27+19.0%May 12−17.0%
May 13+11.4%Sep 26−14.4%
May 9+11.1%Sep 23−13.1%
Oct 6+10.8%May 3−10.5%
Dec 30+7.7%May 6−9.6%

Volatility: 60.3% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$27.75−9.4%$30.67$26.68
Feb$33.49+20.7%$33.49$28.27
Mar$37.87+13.1%$37.87$33.88
Apr$48.70+28.6%$48.70$37.63
May$38.65−20.6%$43.61$32.50
Jun$35.02−9.4%$37.95$33.96
Jul$39.63+13.2%$40.81$33.85
Aug$41.35+4.3%$43.49$38.29
Sep$30.45−26.4%$42.71$28.16
Oct$34.24+12.4%$35.42$28.69
Nov$31.35−8.4%$34.72$30.90
Dec$28.18−10.1%$33.28$26.16

Other Markets in 2011

Change over the calendar year.

MarketChangeYear-end
Silver Price−8.0%$28.18
Dow Jones Industrial Average in 2011+5.5%12,217.56
S&P 500 in 20110.0%1,257.60
Nasdaq Composite in 2011−1.8%2,605.15
Russell 2000 in 2011−5.5%740.92
Nikkei 225 in 2011−17.3%8,455.35
Gold in 2011+8.9%$1,531.00
WTI crude oil in 2011+8.2%$98.83
Brent crude oil in 2011+15.9%$108.09
US 10-year Treasury yield in 2011−1.41 pp1.89%
20102011201220132014201520162017

Silver Price in 2011: FAQ

How much did the silver price fall in 2011?

The silver price fell 8.0% in 2011, from $30.63 at the end of 2010 to $28.18. Its highest close was $48.70 on Apr 28, and its lowest $26.16 on Dec 29. The biggest one-day fall was −17.0% on May 12 and the biggest rise +19.0% on Sep 27. Adjusted for inflation, it lost 10.6%.

What were the highest and lowest closes of the silver price in 2011?

Highest: $48.70 on April 28, 2011. Lowest: $26.16 on December 29, 2011. It closed higher on 132 of 251 trading days.

What happened to the silver price on April 28, 2011?

Spot silver reaches $49.51 an ounce, a record at the time, before a sharp correction in May. The silver price rose 7.5% that day, and was −14.7% 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.