Silver Price in 2004
In 2004, the price of silver averaged $6.67 per troy ounce, up 36.7% from the year before. This page covers the 2004 average, high, low, and year-end close, the events that moved the market, and what that silver would be worth in today's dollars.
2004 Average
$6.67
LBMA annual average, USD/oz
Change vs 2003
+36.7%
from $4.88 in 2003
2004 High
$8.44
from daily trading data
2004 Low
$5.45
from daily trading data
Year-End Close
$6.79
last trading day of 2004
What happened to the silver price in 2004
Silver averaged $6.67 per troy ounce in 2004, climbing 36.7% from the $4.88 average of 2003. Daily trading data shows silver moved between a low of $5.45 and a high of $8.44 during the year, ending 2004 at $6.79.
The 2000s revived silver as an investment asset. The launch of the SLV exchange-traded fund in 2006 opened the metal to mainstream portfolios, and the financial crisis at the end of the decade rekindled safe-haven demand.
Adjusted for inflation, silver's 2004 average of $6.67 equals about $11 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of silver in 2004?
What is a 2004 silver price worth in today's dollars?
Annual averages are LBMA prices per troy ounce in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.