Silver in February: Every February Since 1971
Silver has risen in 27 of 56 Februarys since 1971 (48%, against 49% for all months), with an average change of +2.3% and a median of −0.3%. Its best February was 1974 (+47.0%) and its worst 1983 (−15.3%). February ranks 4 of 12 by average change.
Silver in every February, 1971–2026
% change in the monthWhat happens in March after February
How often March rose after silver ended February higher or lower, compared with all months (49% rose).
After a higher February
InconclusiveAfter silver ends February higher, March has risen 33% of the time since 1971 (9 of 27), against 49% for all months, with an average change of −3.5% and a median of −1.6%: a difference, but too few cases to rule out chance.
After a lower February
InconclusiveAfter silver ends February lower, March has risen 52% of the time since 1971 (15 of 29), against 49% for all months, with an average change of +2.7% and a median of 0.0%: no meaningful pattern.
"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 February, Year by Year
Month-end close and the change in February, with March next to it.
| Year | Close, end of February | February | March after |
|---|---|---|---|
| 2026 | $92.68 | +18.4% | −19.4% |
| 2025 | $31.22 | −2.8% | +10.4% |
| 2024 | $22.67 | −1.7% | +9.4% |
| 2023 | $20.96 | −11.7% | +14.9% |
| 2022 | $24.36 | +8.8% | +3.1% |
| 2021 | $26.40 | −1.9% | −7.1% |
| 2020 | $16.39 | −8.8% | −14.0% |
| 2019 | $15.54 | −3.0% | −3.1% |
| 2018 | $16.32 | −5.1% | −0.6% |
| 2017 | $18.29 | +4.5% | −0.2% |
| 2016 | $14.87 | +4.4% | +3.8% |
| 2015 | $16.60 | −3.6% | +0.3% |
| 2014 | $21.24 | +11.1% | −7.0% |
| 2013 | $28.95 | −9.6% | −1.1% |
| 2012 | $37.23 | +10.8% | −12.9% |
| 2011 | $33.49 | +20.7% | +13.1% |
| 2010 | $16.12 | −1.0% | +8.6% |
| 2009 | $13.21 | +5.6% | −0.8% |
| 2008 | $19.62 | +17.2% | −8.3% |
| 2007 | $14.31 | +7.1% | −6.7% |
| 2006 | $9.70 | −2.1% | +21.2% |
| 2005 | $7.35 | +9.4% | −2.2% |
| 2004 | $6.58 | +5.6% | +19.0% |
| 2003 | $4.60 | −5.5% | −3.0% |
| 2002 | $4.44 | +3.7% | +5.4% |
| 2001 | $4.43 | −7.5% | −2.3% |
| 2000 | $5.10 | −3.0% | −3.1% |
| 1999 | $5.58 | +6.5% | −9.9% |
| 1998 | $6.37 | +5.3% | −0.3% |
| 1997 | $5.32 | +8.4% | −4.7% |
| 1996 | $5.53 | −0.7% | 0.0% |
| 1995 | $4.50 | −4.9% | +6.0% |
| 1994 | $5.24 | +3.7% | +9.4% |
| 1993 | $3.57 | −3.8% | +9.1% |
| 1992 | $4.12 | −0.3% | 0.0% |
| 1991 | $3.68 | −3.9% | +4.3% |
| 1990 | $5.12 | −1.6% | −3.0% |
| 1989 | $5.86 | +0.2% | −1.6% |
| 1988 | $6.14 | −6.3% | +10.0% |
| 1987 | $5.47 | −1.5% | +15.3% |
| 1986 | $5.67 | −7.1% | −0.9% |
| 1985 | $5.72 | −9.7% | +16.5% |
| 1984 | $9.64 | +14.4% | +0.1% |
| 1983 | $11.70 | −15.3% | −10.3% |
| 1982 | $7.84 | −5.3% | −9.9% |
| 1981 | $12.53 | −4.7% | −1.6% |
| 1980 | $35.52 | +0.7% | −62.0% |
| 1979 | $7.69 | +14.6% | −3.1% |
| 1978 | $4.97 | +0.4% | +7.6% |
| 1977 | $4.73 | +6.5% | +2.0% |
| 1976 | $4.16 | +3.8% | −1.3% |
| 1975 | $4.42 | +6.6% | −3.3% |
| 1974 | $5.69 | +47.0% | −5.9% |
| 1973 | $2.43 | +20.8% | −9.6% |
| 1972 | $1.47 | −1.9% | +6.3% |
| 1971 | $1.59 | −0.4% | +6.2% |
In the calendar in February
- Chinese New Year falls in February in most years.
- Valentine's Day (14 February) for jewellery.
- Canada's RRSP contribution deadline is the 60th day of the year (about 1 March): silver on every RRSP deadline
Events that fall in the month; they do not explain any single year's move.
Silver by Month
Silver in February: FAQ
Is February a good month for silver?
Silver has risen in 48% of Februarys since 1971 (27 of 56), against 49% for all months, with an average change of +2.3%. February ranks 4 of 12 months by average change. In the last 10 years it rose 3 times. Seasonal patterns are not a reliable guide to any single year.
What was silver's best February?
1974, when silver rose 47.0%. The worst was 1983 (−15.3%).
What happens to silver in March after a higher February?
After silver ends February higher, March has risen 33% of the time since 1971 (9 of 27), against 49% for all months, with an average change of −3.5% and a median of −1.6%: a difference, but too few cases to rule out chance.
What happens to silver in March after a lower February?
After silver ends February lower, March has risen 52% of the time since 1971 (15 of 29), against 49% for all months, with an average change of +2.7% and a median of 0.0%: no meaningful pattern.
History, not advice: past monthly patterns do not predict any single month. Data to 26 October 2026.
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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{corgano2026silverinfebruaryevery, author = {{Corgano}}, title = {Silver in February: every February since 1971}, howpublished = {\url{https://silverprice.corgano.com/silver-in-february}}, year = {2026}, note = {Corgano Silver Price, accessed 2026-10-27}}