Silver in December: Every December Since 1971
Silver has risen in 30 of 55 Decembers since 1971 (55%, against 49% for all months), with an average change of +2.5% and a median of +0.4%. Its best December was 1979 (+69.5%) and its worst 1980 (−15.9%). December ranks 3 of 12 by average change.
Silver in every December, 1971–2025
% change in the monthWhat happens in January after December
How often January rose after silver ended December higher or lower, compared with all months (49% rose).
After a higher December
MomentumAfter silver ends December higher, January has risen 70% of the time since 1971 (21 of 30), against 49% for all months, with an average change of +4.4% and a median of +3.4%: some momentum (rises have tended to follow rises).
After a lower December
InconclusiveAfter silver ends December lower, January has risen 56% of the time since 1971 (14 of 25), against 49% for all months, with an average change of +1.8% and a median of +1.0%: 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 December, Year by Year
Month-end close and the change in December, with January next to it.
| Year | Close, end of December | December | January after |
|---|---|---|---|
| 2025 | $70.13 | +24.2% | +11.6% |
| 2024 | $28.94 | −5.7% | +11.0% |
| 2023 | $23.85 | −5.7% | −3.4% |
| 2022 | $23.86 | +10.7% | −0.5% |
| 2021 | $23.33 | +2.5% | −4.0% |
| 2020 | $26.33 | +16.9% | +2.2% |
| 2019 | $17.83 | +5.1% | +0.8% |
| 2018 | $15.43 | +9.5% | +3.8% |
| 2017 | $16.92 | +3.2% | +1.7% |
| 2016 | $15.90 | −3.5% | +10.1% |
| 2015 | $13.84 | −1.7% | +2.9% |
| 2014 | $15.60 | +0.3% | +10.4% |
| 2013 | $19.37 | −3.2% | −1.3% |
| 2012 | $29.95 | −12.6% | +6.9% |
| 2011 | $28.18 | −10.1% | +19.2% |
| 2010 | $30.63 | +12.9% | −9.4% |
| 2009 | $16.99 | −6.3% | −4.1% |
| 2008 | $10.79 | +6.6% | +15.9% |
| 2007 | $14.76 | +3.7% | +13.4% |
| 2006 | $12.90 | −5.7% | +3.6% |
| 2005 | $8.83 | +7.6% | +12.2% |
| 2004 | $6.82 | −12.1% | −1.5% |
| 2003 | $5.97 | +11.6% | +4.4% |
| 2002 | $4.67 | +5.4% | +4.3% |
| 2001 | $4.52 | +9.2% | −5.3% |
| 2000 | $4.58 | −1.1% | +4.6% |
| 1999 | $5.33 | +2.9% | −1.3% |
| 1998 | $5.01 | +1.6% | +4.6% |
| 1997 | $5.98 | +13.7% | +1.2% |
| 1996 | $4.77 | +0.8% | +2.9% |
| 1995 | $5.13 | −1.9% | +8.6% |
| 1994 | $4.85 | −4.4% | −2.5% |
| 1993 | $5.12 | +14.5% | −1.1% |
| 1992 | $3.67 | −1.7% | +1.0% |
| 1991 | $3.86 | −5.0% | +7.0% |
| 1990 | $4.19 | +2.6% | −8.7% |
| 1989 | $5.22 | −6.3% | −0.2% |
| 1988 | $6.05 | −0.3% | −3.3% |
| 1987 | $6.70 | −7.6% | −2.3% |
| 1986 | $5.28 | −1.9% | +5.1% |
| 1985 | $5.80 | −5.7% | +5.2% |
| 1984 | $6.29 | −10.8% | +0.7% |
| 1983 | $8.91 | −9.2% | −5.4% |
| 1982 | $10.87 | +13.9% | +27.1% |
| 1981 | $8.15 | −1.4% | +1.5% |
| 1980 | $15.50 | −15.9% | −15.2% |
| 1979 | $32.20 | +69.5% | +9.6% |
| 1978 | $6.02 | +1.9% | +11.5% |
| 1977 | $4.76 | +0.3% | +4.1% |
| 1976 | $4.36 | +1.8% | +2.1% |
| 1975 | $4.18 | −1.1% | −4.0% |
| 1974 | $4.47 | +0.4% | −7.2% |
| 1973 | $3.26 | +11.4% | +18.8% |
| 1972 | $2.03 | +9.7% | −1.0% |
| 1971 | $1.37 | +2.9% | +9.3% |
In the calendar in December
- Christmas and year-end, when some funds rebalance their portfolios.
Events that fall in the month; they do not explain any single year's move.
Silver by Month
Silver in December: FAQ
Is December a good month for silver?
Silver has risen in 55% of Decembers since 1971 (30 of 55), against 49% for all months, with an average change of +2.5%. December ranks 3 of 12 months by average change. In the last 10 years it rose 7 times. Seasonal patterns are not a reliable guide to any single year.
What was silver's best December?
1979, when silver rose 69.5%. The worst was 1980 (−15.9%).
What happens to silver in January after a higher December?
After silver ends December higher, January has risen 70% of the time since 1971 (21 of 30), against 49% for all months, with an average change of +4.4% and a median of +3.4%: some momentum (rises have tended to follow rises).
What happens to silver in January after a lower December?
After silver ends December lower, January has risen 56% of the time since 1971 (14 of 25), against 49% for all months, with an average change of +1.8% and a median of +1.0%: 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{corgano2026silverindecemberevery, author = {{Corgano}}, title = {Silver in December: every December since 1971}, howpublished = {\url{https://silverprice.corgano.com/silver-in-december}}, year = {2026}, note = {Corgano Silver Price, accessed 2026-10-27}}