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Silver ranged between $27.88 and $48.58 per troy ounce during 2011, averaging $35.46 across 11 trading days. It finished the period at $27.88, down 9.82% from $30.91.
The strongest session of 2011 was 1 April 2011 at +28.28%, and the weakest 1 June 2011 at -28.35%.
Twelve months earlier silver traded around $30.91, making this a -9.82% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 January 2011 | $28.17 | −$2.736 |
| 1 February 2011 | $33.80 | +$5.630 |
| 1 March 2011 | $37.87 | +$4.068 |
| 1 April 2011 | $48.58 | +$10.71 |
| 1 June 2011 | $34.81 | −$13.77 |
| 1 July 2011 | $40.09 | +$5.280 |
| 1 August 2011 | $41.70 | +$1.607 |
| 1 September 2011 | $30.04 | −$11.66 |
| 1 October 2011 | $34.34 | +$4.296 |
| 1 November 2011 | $32.73 | −$1.606 |
| 1 December 2011 | $27.88 | −$4.856 |
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 2011 at $27.88 per troy ounce, having fallen $3.03 (9.82%) over the year. It has traded between $27.88 and $48.58 across 11 trading days.
The average silver closing price in 2011 was $35.46 per troy ounce, calculated across all 11 trading days in the year.
Silver reached its highest close of 2011 at $48.58 per troy ounce on 1 April 2011.
The lowest silver close in 2011 was $27.88 per troy ounce on 1 December 2011.
Silver fell during 2011. It entered the year at $30.91 and closed at $27.88, a change of -9.82%.
Silver closed higher on 6 sessions and lower on 5 during 2011. The strongest session was 1 April 2011 (+28.28%) and the weakest 1 June 2011 (-28.35%).
Daily closes in 2011 varied with a standard deviation of 19.22% per session, and the peak-to-trough spread across the year was 74.3% ($27.88 to $48.58).
At the 2011 close of $27.88 per troy ounce, silver worked out at about $0.90 per gram and $896.20 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 45.5 through 2011 and finished the year near 56.2. A higher ratio means silver is cheap relative to gold.
Silver was around $30.91 per troy ounce twelve months before the end of 2011. Closing at $27.88 makes that a decline of 9.8% year on year.