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Silver Price in 2004 | Historical Silver Prices

Annual summary, monthly averages, and key events that shaped silver prices in 2004

- 200320042005 -

Jan 1

$5.97

Opening Price

Dec 31

$6.77

Closing Price

Year High

$8.29

Annual High

Year Low

$5.50

Annual Low

Annual Avg

$6.66

Average Price

vs 2003

+13.4%

Annual Change

Monthly Silver Price Chart — 2004

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Low: $6.20High: $7.90

Monthly Average Silver Prices — 2004

MonthAvg Price (USD/oz)vs Prev Month
Jan 2004$6.30+5.5%
Feb 2004$6.70+6.3%
Mar 2004$7.20+7.5%
Apr 2004$7.90+9.7%
May 2004$6.80-13.9%
Jun 2004$6.20-8.8%
Jul 2004$6.50+4.8%
Aug 2004$6.65+2.3%
Sep 2004$6.75+1.5%
Oct 2004$7.10+5.2%
Nov 2004$6.95-2.1%
Dec 2004$6.77-2.6%

What Happened to Silver in 2004?

Silver spiked to $8.29 in April 2004, driven by momentum from 2003's rally and continued dollar weakness. However, it gave back much of those gains as a strong US jobs report in April triggered a sharp reversal. Silver ended the year at $6.77, with volatile trading characteristic of a market transitioning from bear to bull.

Browse All Years

2000-13.8%2001-1.1%2002+6%2003+24.6%2004+13.4%2005+30.5%2006+46.1%2007+14.4%2008-24.6%2009+55.8%2010+83.4%2011-8%2012+6.3%2013-34.9%2014-18.1%2015-13.5%2016+15.7%2017+0.1%2018-3.4%2019+15.4%2020+47.9%2021-11.6%2022+2.7%2023+2.8%2024+19%2025+6.4%2026+3.1%

Related Pages

Live Silver PriceAll Historical YearsGold Price HistoryGold/Silver Ratio