Silver Price in 2004
The silver price rose 14.2% in 2004, from $5.97 at the end of 2003 to $6.82. Its highest close was $8.29 on Apr 2, and its lowest $5.50 on May 10. The biggest one-day fall was −10.6% on Apr 29 and the biggest rise +6.8% on Apr 30. Adjusted for inflation, it gained 10.6%.
Daily COMEX prices, the year in 12 currencies and festival prices: Silver Price in 2004 →
Silver Price, daily closes 2004
Numbers mark the events belowKey Events in 2004
What happened, and how the Silver moved — on the day (or the next trading day) and about a month later.
- 1
Monday, March 8European central banks sign a second Central Bank Gold Agreement. SourceSilver: +1.8% that day · +20.6% a month later
- 2
Wednesday, March 31 From the dataBack above its pre-bear-market peak of $7.81 (February 6, 1998). Back above its pre-bear-market peak of $7.82 (July 20, 1988).
- 3
Wednesday, April 21 From the dataEnters a bear market: 20% below its peak of $8.29 (April 2, 2004).
- 4
Thursday, April 29 From the dataBiggest one-day fall of the year: −10.6%.
- 5
Friday, April 30 From the dataBiggest one-day rise of the year: +6.8%.
- 6
Monday, May 10 From the dataBear market low: $5.50, 33.7% below the peak.
- 7
Thursday, November 18streetTRACKS Gold Shares (GLD), a gold-backed ETF, begins trading on the NYSE. SourceSilver: +0.5% that day · −10.9% a month later
Biggest days of 2004
| Best days | Worst days | ||
|---|---|---|---|
| Apr 30 | +6.8% | Apr 29 | −10.6% |
| Jan 12 | +6.4% | Apr 14 | −8.9% |
| Oct 6 | +6.1% | Apr 21 | −8.8% |
| Jan 6 | +5.0% | Dec 9 | −7.8% |
| Jul 9 | +4.8% | Feb 26 | −5.9% |
Volatility: 37.7% (annualised standard deviation of daily changes).
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | $6.23 | +4.4% |
| Feb | $6.58 | +5.6% |
| Mar | $7.83 | +19.0% |
| Apr | $5.95 | −24.0% |
| May | $6.17 | +3.7% |
| Jun | $5.91 | −4.2% |
| Jul | $6.42 | +8.6% |
| Aug | $6.74 | +5.0% |
| Sep | $6.67 | −1.0% |
| Oct | $7.16 | +7.3% |
| Nov | $7.76 | +8.4% |
| Dec | $6.82 | −12.1% |
Other Markets in 2004
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| Silver Price | +14.2% | $6.82 |
| Dow Jones Industrial Average in 2004 | +3.1% | 10,783.01 |
| S&P 500 in 2004 | +9.0% | 1,211.92 |
| Nasdaq Composite in 2004 | +8.6% | 2,175.44 |
| Russell 2000 in 2004 | +17.0% | 651.57 |
| Nikkei 225 in 2004 | +7.6% | 11,488.76 |
| Gold in 2004 | +4.6% | $435.60 |
| WTI crude oil in 2004 | +33.4% | $43.36 |
| Brent crude oil in 2004 | +33.3% | $40.38 |
| US 10-year Treasury yield in 2004 | −0.03 pp | 4.24% |
Silver Price in 2004: FAQ
How much did the silver price rise in 2004?
The silver price rose 14.2% in 2004, from $5.97 at the end of 2003 to $6.82. Its highest close was $8.29 on Apr 2, and its lowest $5.50 on May 10. The biggest one-day fall was −10.6% on Apr 29 and the biggest rise +6.8% on Apr 30. Adjusted for inflation, it gained 10.6%.
What were the highest and lowest closes of the silver price in 2004?
Highest: $8.29 on April 2, 2004. Lowest: $5.50 on May 10, 2004. It closed higher on 129 of 259 trading days.
What happened to the silver price on March 8, 2004?
European central banks sign a second Central Bank Gold Agreement. The silver price rose 1.8% that day, and was +20.6% 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.
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026silverpricein2004, author = {{Corgano}}, title = {Silver Price in 2004}, howpublished = {\url{https://silverprice.corgano.com/silver-price-history/2004}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}