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Silver ranged between $26.83 and $29.98 per troy ounce during August 2024, averaging $28.51 across 22 trading days. It finished the period at $28.73, down 0.16% from $28.78.
The strongest session of August 2024 was 15 August 2024 at +3.99%, and the weakest 5 August 2024 at -4.14%.
Twelve months earlier silver traded around $24.47, making this a +17.40% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 August 2024 | $28.73 | −$0.047 |
| 2 August 2024 | $28.25 | −$0.485 |
| 5 August 2024 | $27.08 | −$1.170 |
| 6 August 2024 | $27.10 | +$0.020 |
| 7 August 2024 | $26.83 | −$0.266 |
| 8 August 2024 | $27.50 | +$0.670 |
| 9 August 2024 | $27.49 | −$0.013 |
| 12 August 2024 | $27.92 | +$0.430 |
| 13 August 2024 | $27.69 | −$0.222 |
| 14 August 2024 | $27.25 | −$0.441 |
| 15 August 2024 | $28.34 | +$1.088 |
| 16 August 2024 | $28.78 | +$0.436 |
| 19 August 2024 | $29.24 | +$0.462 |
| 20 August 2024 | $29.45 | +$0.215 |
| 21 August 2024 | $29.48 | +$0.021 |
| 22 August 2024 | $29.01 | −$0.470 |
| 23 August 2024 | $29.79 | +$0.780 |
| 26 August 2024 | $29.98 | +$0.191 |
| 27 August 2024 | $29.95 | −$0.026 |
| 28 August 2024 | $29.18 | −$0.775 |
| 29 August 2024 | $29.56 | +$0.381 |
| 30 August 2024 | $28.73 | −$0.826 |
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 August 2024 at $28.73 per troy ounce, having fallen $0.05 (0.16%) over the month. It has traded between $26.83 and $29.98 across 22 trading days.
The average silver closing price in August 2024 was $28.51 per troy ounce, calculated across all 22 trading days in the month.
Silver reached its highest close of August 2024 at $29.98 per troy ounce on 26 August 2024.
The lowest silver close in August 2024 was $26.83 per troy ounce on 7 August 2024.
Silver fell during August 2024. It entered the month at $28.78 and closed at $28.73, a change of -0.16%.
Silver closed higher on 11 sessions and lower on 11 during August 2024. The strongest session was 15 August 2024 (+3.99%) and the weakest 5 August 2024 (-4.14%).
Daily closes in August 2024 varied with a standard deviation of 1.96% per session, and the peak-to-trough spread across the month was 11.7% ($26.83 to $29.98).
At the August 2024 close of $28.73 per troy ounce, silver worked out at about $0.92 per gram and $923.72 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 86.7 through August 2024 and finished the month near 86.8. A higher ratio means silver is cheap relative to gold.
Silver was around $24.47 per troy ounce twelve months before the end of August 2024. Closing at $28.73 makes that a gain of 17.4% year on year.