Silver Price in 2011
In 2011, the price of silver averaged $35.12 per troy ounce, up 73.9% from the year before. This page covers the 2011 average, high, low, and year-end close, the events that moved the market, and what that silver would be worth in today's dollars.
2011 Average
$35.12
LBMA annual average, USD/oz
Change vs 2010
+73.9%
from $20.19 in 2010
2011 High
$49.81
from daily trading data
2011 Low
$26.10
from daily trading data
Year-End Close
$27.85
last trading day of 2011
What happened to the silver price in 2011
Silver averaged $35.12 per troy ounce in 2011, surging 73.9% from the $20.19 average of 2010. Annual moves of that size are rare and put 2011 among the most explosive years in the metal's modern history. Daily trading data shows silver moved between a low of $26.10 and a high of $49.81 during the year, ending 2011 at $27.85. The defining story of 2011: Silver hits $49.51; near 1980 record.
The 2010s began with a spectacular run to $49.51 in April 2011, just shy of the 1980 record, before a long grind lower through mid-decade as the Fed tightened policy and the dollar strengthened.
Adjusted for inflation, silver's 2011 average of $35.12 equals about $50 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 2011?
What is a 2011 silver price worth in today's dollars?
What moved the silver price in 2011?
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.