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Silver ranged between $5.776 and $7.936 per troy ounce during 2004, averaging $6.743 across 10 trading days. It finished the period at $6.807, up 14.35% from $5.953.
The strongest session of 2004 was 1 March 2004 at +27.06%, and the weakest 1 April 2004 at -23.41%.
Twelve months earlier silver traded around $5.953, making this a +14.35% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 January 2004 | $6.246 | +$0.293 |
| 1 March 2004 | $7.936 | +$1.690 |
| 1 April 2004 | $6.078 | −$1.858 |
| 1 May 2004 | $6.105 | +$0.027 |
| 1 June 2004 | $5.776 | −$0.329 |
| 1 July 2004 | $6.550 | +$0.774 |
| 1 September 2004 | $6.916 | +$0.366 |
| 1 October 2004 | $7.292 | +$0.376 |
| 1 November 2004 | $7.723 | +$0.431 |
| 1 December 2004 | $6.807 | −$0.916 |
Source: Yahoo Finance (COMEX futures). Figures are indicative reference prices, not trading quotes.
Figures in this section are shown in USD, independent of the currency selected above.
Silver finished 2004 at $6.81 per troy ounce, having risen $0.85 (14.35%) over the year. It has traded between $5.78 and $7.94 across 10 trading days.
The average silver closing price in 2004 was $6.74 per troy ounce, calculated across all 10 trading days in the year.
Silver reached its highest close of 2004 at $7.94 per troy ounce on 1 March 2004.
The lowest silver close in 2004 was $5.78 per troy ounce on 1 June 2004.
Silver rose during 2004. It entered the year at $5.95 and closed at $6.81, a change of 14.35%.
Silver closed higher on 7 sessions and lower on 3 during 2004. The strongest session was 1 March 2004 (+27.06%) and the weakest 1 April 2004 (-23.41%).
Daily closes in 2004 varied with a standard deviation of 13.75% per session, and the peak-to-trough spread across the year was 37.4% ($5.78 to $7.94).
At the 2004 close of $6.81 per troy ounce, silver worked out at about $0.22 per gram and $218.85 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 61.6 through 2004 and finished the year near 64.3. A higher ratio means silver is cheap relative to gold.
Silver was around $5.95 per troy ounce twelve months before the end of 2004. Closing at $6.81 makes that a gain of 14.3% year on year.