Silver in April: Every April Since 1971
Silver has risen in 25 of 56 Aprils since 1971 (45%, against 49% for all months), with an average change of +0.5% and a median of −0.8%. Its best April was 1987 (+28.9%) and its worst 2004 (−24.0%). April ranks 8 of 12 by average change.
Silver in every April, 1971–2026
% change in the monthWhat happens in May after April
How often May rose after silver ended April higher or lower, compared with all months (49% rose).
After a higher April
InconclusiveAfter silver ends April higher, May has risen 48% of the time since 1971 (12 of 25), against 49% for all months, with an average change of +0.8% and a median of −0.5%: no meaningful pattern.
After a lower April
InconclusiveAfter silver ends April lower, May has risen 62% of the time since 1971 (18 of 29), against 49% for all months, with an average change of +0.9% and a median of +1.8%: a difference, but too few cases to rule out chance.
"Momentum" or "rebound" only when the share differs from all months by at least 5 percentage points, with at least 20 cases, and by more than chance would explain (95% confidence); otherwise "inconclusive". With one month a year, most single-month differences are within chance. The same figures for every month together: silver seasonality.
Silver in April, Year by Year
Month-end close and the change in April, with May next to it.
| Year | Close, end of April | April | May after |
|---|---|---|---|
| 2026 | $73.53 | −1.5% | +2.8% |
| 2025 | $32.53 | −5.6% | +1.1% |
| 2024 | $26.39 | +6.4% | +14.8% |
| 2023 | $25.00 | +3.8% | −6.1% |
| 2022 | $23.04 | −8.3% | −6.0% |
| 2021 | $25.85 | +5.4% | +8.3% |
| 2020 | $14.90 | +5.7% | +23.8% |
| 2019 | $14.90 | −1.1% | −2.5% |
| 2018 | $16.31 | +0.5% | +0.6% |
| 2017 | $17.19 | −5.8% | +0.6% |
| 2016 | $17.81 | +15.4% | −10.4% |
| 2015 | $16.12 | −3.2% | +3.9% |
| 2014 | $19.17 | −2.9% | −2.6% |
| 2013 | $24.42 | −14.7% | −7.6% |
| 2012 | $31.20 | −3.8% | −9.9% |
| 2011 | $48.58 | +28.3% | −20.4% |
| 2010 | $18.62 | +6.4% | −0.5% |
| 2009 | $12.63 | −3.7% | +22.9% |
| 2008 | $16.47 | −8.4% | +2.3% |
| 2007 | $13.50 | +1.1% | −1.9% |
| 2006 | $12.56 | +6.8% | +4.5% |
| 2005 | $6.98 | −2.9% | +2.1% |
| 2004 | $5.95 | −24.0% | +3.7% |
| 2003 | $4.61 | +3.4% | −1.1% |
| 2002 | $4.60 | −1.7% | +9.8% |
| 2001 | $4.37 | +0.9% | +1.4% |
| 2000 | $4.94 | 0.0% | −0.8% |
| 1999 | $5.44 | +8.2% | −9.2% |
| 1998 | $6.22 | −2.0% | −20.3% |
| 1997 | $4.71 | −7.1% | +0.6% |
| 1996 | $5.33 | −3.6% | −0.2% |
| 1995 | $5.72 | +19.9% | −7.5% |
| 1994 | $5.28 | −7.9% | +4.1% |
| 1993 | $4.30 | +10.5% | +9.7% |
| 1992 | $3.98 | −3.4% | +1.9% |
| 1991 | $3.93 | +2.5% | +5.1% |
| 1990 | $4.94 | −0.6% | +2.7% |
| 1989 | $5.64 | −2.2% | −7.4% |
| 1988 | $6.46 | −4.3% | +2.1% |
| 1987 | $8.13 | +28.9% | −5.4% |
| 1986 | $5.11 | −9.1% | +1.9% |
| 1985 | $6.32 | −5.1% | −3.7% |
| 1984 | $8.96 | −7.1% | +1.8% |
| 1983 | $11.96 | +13.9% | +13.3% |
| 1982 | $7.06 | 0.0% | −10.0% |
| 1981 | $11.07 | −10.3% | −4.3% |
| 1980 | $13.83 | +2.5% | −1.0% |
| 1979 | $7.65 | +2.7% | +14.7% |
| 1978 | $5.00 | −6.5% | +9.4% |
| 1977 | $4.71 | −2.4% | −3.2% |
| 1976 | $4.43 | +7.9% | +4.3% |
| 1975 | $4.43 | +3.5% | +2.3% |
| 1974 | $5.62 | +5.0% | −12.4% |
| 1973 | $2.15 | −2.3% | +18.8% |
| 1972 | $1.57 | +0.6% | −1.3% |
| 1971 | $1.69 | +0.2% | −5.2% |
In the calendar in April
- US tax day and the IRA contribution deadline (about 15 April): silver on every tax day
- The UK tax year and ISA allowance end on 5 April: silver at every tax-year end
- Akshaya Tritiya falls in April or May.
Events that fall in the month; they do not explain any single year's move.
Silver by Month
Silver in April: FAQ
Is April a good month for silver?
Silver has risen in 45% of Aprils since 1971 (25 of 56), against 49% for all months, with an average change of +0.5%. April ranks 8 of 12 months by average change. In the last 10 years it rose 5 times. Seasonal patterns are not a reliable guide to any single year.
What was silver's best April?
1987, when silver rose 28.9%. The worst was 2004 (−24.0%).
What happens to silver in May after a higher April?
After silver ends April higher, May has risen 48% of the time since 1971 (12 of 25), against 49% for all months, with an average change of +0.8% and a median of −0.5%: no meaningful pattern.
What happens to silver in May after a lower April?
After silver ends April lower, May has risen 62% of the time since 1971 (18 of 29), against 49% for all months, with an average change of +0.9% and a median of +1.8%: a difference, but too few cases to rule out chance.
History, not advice: past monthly patterns do not predict any single month. Data to 26 October 2026.
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{corgano2026silverinaprilevery, author = {{Corgano}}, title = {Silver in April: every April since 1971}, howpublished = {\url{https://silverprice.corgano.com/silver-in-april}}, year = {2026}, note = {Corgano Silver Price, accessed 2026-10-27}}