Silver Price by Month – Silver Price History
Significance of Silver Price by Month
Keeping an eye on silver price by month or silver price history can benefit a lot to stakeholders. Fluctuations in prices always remain a matter of concern in commodities markets locally or internationally because these fluctuations directly impact investments of individual traders, companies and investors as well.
| Date | Silver Type | Rate per Gram | Rate per 10 Grams | Rate per Tola | Rate per Ounce | Rate per Kilogram |
|---|---|---|---|---|---|---|
| 01-May-24 | 24K | 237 | 2,370 | 2,761 | 6,719 | 237,000 |
| 02-May-24 | 24K | 236 | 2,360 | 2,749 | 6,691 | 236,000 |
| 03-May-24 | 24K | 239 | 2,390 | 2,784 | 6,776 | 239,000 |
| 04-May-24 | 24K | 238 | 2,380 | 2,773 | 6,747 | 238,000 |
| 05-May-24 | 24K | Sunday | Sunday | Sunday | Sunday | Sunday |
| 06-May-24 | 24K | 240 | 2,400 | 2,796 | 6,804 | 240,000 |
| 07-May-24 | 24k | 244 | 2,440 | 2,843 | 6,917 | 244,000 |
| 08-May-24 | 24k | 245 | 2,450 | 2,854 | 6,946 | 245,000 |
| 09-May-24 | 24k | 248 | 2,480 | 2,889 | 7,031 | 248,000 |
| 10-May-24 | 24k | 254 | 2,540 | 2,959 | 7,201 | 254,000 |
| 11-May-24 | 24k | 254 | 2,540 | 2,959 | 7,201 | 254,000 |
| 12-May-24 | 24k | Sunday | Sunday | Sunday | Sunday | Sunday |
| 13-May-24 | 24k | 251 | 2,510 | 2,924 | 7,116 | 251,000 |
| 14-May-24 | 24k | 253 | 2,530 | 2,947 | 7,173 | 253,000 |
| 15-May-24 | 24k | 257 | 2,570 | 2,994 | 7,286 | 257,000 |
| 16-May-24 | 24k | 264 | 2,640 | 3,076 | 7,484 | 264,000 |
| 17-May-24 | 24k | 266 | 2,660 | 3,099 | 7,541 | 266,000 |
| 18-May-24 | 24k | 281 | 2,810 | 3,274 | 7,966 | 281,000 |
| 19-May-24 | 24k | Sunday | Sunday | Sunday | Sunday | Sunday |
| 20-May-24 | 24k | 286 | 2,860 | 3,332 | 8,108 | 286,000 |
| 21-May-24 | 24k | 282 | 2,820 | 3,285 | 7,995 | 282,000 |
| 22-May-24 | 24k | 280 | 2,800 | 3,262 | 7,938 | 280,000 |
| 23-May-24 | 24k | 277 | 2,770 | 3,227 | 7,853 | 277,000 |
| 24-May-24 | 24k | 275 | 2,750 | 3,204 | 7,796 | 275,000 |
| 25-May-24 | 24k | 272 | 2,720 | 3,169 | 7,711 | 272,000 |
| 26-May-24 | 24k | Sunday | Sunday | Sunday | Sunday | Sunday |
| 27-May-24 | 24k | 275 | 2,750 | 3,204 | 7,796 | 275,000 |
| 28-May-24 | 24k | 283 | 2,830 | 3,297 | 8,023 | 283,000 |
| 29-May-24 | 24k | 286 | 2,860 | 3,332 | 8,108 | 286,000 |
| 30-May-24 | 24k | 282 | 2,820 | 3,285 | 7,995 | 282,000 |
| 31-May-24 | 24k | 280 | 2,800 | 3,262 | 7,938 | 280,000 |
In the table given Above you can have a look at the trend of silver price in the month of May-2024 in Pakistan. You can sort the data as per your requirement and ease and in addition with that you can slide the table from left or right for full insight.
Silver Price Fluctuation in Previous Months
Since April-2024 prices of precious metals are fluctuating more frequently all around the world due to increasing inflation and tensions in multiple regions and countries. Silver is one of those precious metals which remains high in demand and is much useful in multiple industries but simultaneously on the other hand it provides a safe hedge against inflation just like gold.
In the month of May-2024 silver prices spiked to the highest of the last 11 years and boosted the market, no one was expecting this much high jump. Now market experts are expecting a higher jump in June and July-2024 than May-2024 aiming current market conditions and silver imports and holdings from the countries.
Reasons Behind Silver Price Fluctuations
There were multiple reasons which affected the silver prices in the month of May-2024 and are affecting today as well. Those factors majorly include supply and demand and investor sentiment. Silver production remained low from April-2024 due to mining costs and other multiple reasons and commodity markets like India and China and United States played significant roles in price hike due to higher demand for silver.
If you are interested in more details about factors affecting silver prices, significance of silver as a precious metal and its cultural or traditional value in Pakistan and India then you can visit Chandi rates in Pakistan where you can also check daily updates on silver silver prices.