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 →
Silver Price, daily closes 2011
Numbers mark the events belowKey Events in 2011
What happened, and how the Silver moved — on the day (or the next trading day) and about a month later.
- 1
Monday, March 7 From the dataBack above its pre-bear-market peak of $36.31 (March 5, 1980).
- 2
Friday, March 11Tohoku earthquake and tsunami strike northeastern Japan. SourceSilver: −3.1% that day · +14.3% a month later
- 3
Friday, March 18G7 countries jointly intervene to weaken the yen after it reaches record highs following the earthquake. SourceSilver: +2.0% that day · +23.6% a month later
- 4
Thursday, April 28Spot silver reaches $49.51 an ounce, a record at the time, before a sharp correction in May. SourceSilver: +7.5% that day · −18.4% a month later
- 5
Thursday, May 5 From the dataEnters a bear market: 20% below its peak of $48.70 (April 28, 2011).
- 6
Thursday, May 12 From the dataBear market low: $32.50, 33.3% below the peak. Biggest one-day fall of the year: −17.0%.
- 7
Friday, August 5Standard & Poor's downgrades the US long-term credit rating from AAA to AA+. SourceSilver: −5.7% that day · +2.1% a month later
- 8
Tuesday, September 6Gold reaches a peak of about $1,921 an ounce, a record that stands until 2020. SourceSilver: −2.0% that day · −28.4% a month later
- 9
Friday, September 23 From the dataEnters a bear market: 20% below its peak of $43.49 (August 22, 2011).
- 10
Monday, September 26 From the dataBear market low: $28.16, 35.2% below the peak.
- 11
Tuesday, September 27 From the dataBiggest one-day rise of the year: +19.0%.
- 12
Thursday, December 29 From the dataEnters 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 days | Worst 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 6 | −9.6% |
| Dec 30 | +7.7% | Dec 29 | −8.7% |
Volatility: 59.3% (annualised standard deviation of daily changes).
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | $27.75 | −9.4% |
| Feb | $33.49 | +20.7% |
| Mar | $37.87 | +13.1% |
| Apr | $48.58 | +28.3% |
| May | $38.65 | −20.4% |
| Jun | $35.02 | −9.4% |
| Jul | $39.63 | +13.2% |
| Aug | $41.35 | +4.3% |
| Sep | $30.45 | −26.4% |
| Oct | $34.24 | +12.4% |
| Nov | $31.35 | −8.4% |
| Dec | $28.18 | −10.1% |
Other Markets in 2011
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| Silver Price | −8.0% | $28.18 |
| Dow Jones Industrial Average in 2011 | +5.5% | 12,217.56 |
| S&P 500 in 2011 | 0.0% | 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 pp | 1.89% |
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 134 of 257 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 −18.4% 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{corgano2026silverpricein2011, author = {{Corgano}}, title = {Silver Price in 2011}, howpublished = {\url{https://silverprice.corgano.com/silver-price-history/2011}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}