Silver in January: Every January Since 1971
Silver has risen in 35 of 56 Januarys since 1971 (63%, against 49% for all months), with an average change of +3.1% and a median of +2.1%. Its best January was 1983 (+27.1%) and its worst 1981 (−15.2%). January ranks 1 of 12 by average change.
Silver in every January, 1971–2026
% change in the monthWhat happens in February after January
How often February rose after silver ended January higher or lower, compared with all months (49% rose).
After a higher January
InconclusiveAfter silver ends January higher, February has risen 46% of the time since 1971 (16 of 35), against 49% for all months, with an average change of +1.9% and a median of −0.7%: no meaningful pattern.
After a lower January
InconclusiveAfter silver ends January lower, February has risen 52% of the time since 1971 (11 of 21), against 49% for all months, with an average change of +3.0% and a median of +0.2%: 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 January, Year by Year
Month-end close and the change in January, with February next to it.
| Year | Close, end of January | January | February after |
|---|---|---|---|
| 2026 | $78.29 | +11.6% | +18.4% |
| 2025 | $32.13 | +11.0% | −2.8% |
| 2024 | $23.05 | −3.4% | −1.7% |
| 2023 | $23.75 | −0.5% | −11.7% |
| 2022 | $22.40 | −4.0% | +8.8% |
| 2021 | $26.90 | +2.2% | −1.9% |
| 2020 | $17.97 | +0.8% | −8.8% |
| 2019 | $16.02 | +3.8% | −3.0% |
| 2018 | $17.20 | +1.7% | −5.1% |
| 2017 | $17.51 | +10.1% | +4.5% |
| 2016 | $14.24 | +2.9% | +4.4% |
| 2015 | $17.22 | +10.4% | −3.6% |
| 2014 | $19.12 | −1.3% | +11.1% |
| 2013 | $32.03 | +6.9% | −9.6% |
| 2012 | $33.60 | +19.2% | +10.8% |
| 2011 | $27.75 | −9.4% | +20.7% |
| 2010 | $16.29 | −4.1% | −1.0% |
| 2009 | $12.51 | +15.9% | +5.6% |
| 2008 | $16.74 | +13.4% | +17.2% |
| 2007 | $13.36 | +3.6% | +7.1% |
| 2006 | $9.91 | +12.2% | −2.1% |
| 2005 | $6.72 | −1.5% | +9.4% |
| 2004 | $6.23 | +4.4% | +5.6% |
| 2003 | $4.87 | +4.3% | −5.5% |
| 2002 | $4.28 | −5.3% | +3.7% |
| 2001 | $4.79 | +4.6% | −7.5% |
| 2000 | $5.26 | −1.3% | −3.0% |
| 1999 | $5.24 | +4.6% | +6.5% |
| 1998 | $6.05 | +1.2% | +5.3% |
| 1997 | $4.91 | +2.9% | +8.4% |
| 1996 | $5.57 | +8.6% | −0.7% |
| 1995 | $4.73 | −2.5% | −4.9% |
| 1994 | $5.06 | −1.1% | +3.7% |
| 1993 | $3.71 | +1.0% | −3.8% |
| 1992 | $4.13 | +7.0% | −0.3% |
| 1991 | $3.83 | −8.7% | −3.9% |
| 1990 | $5.21 | −0.2% | −1.6% |
| 1989 | $5.85 | −3.3% | +0.2% |
| 1988 | $6.55 | −2.3% | −6.3% |
| 1987 | $5.55 | +5.1% | −1.5% |
| 1986 | $6.10 | +5.2% | −7.1% |
| 1985 | $6.33 | +0.7% | −9.7% |
| 1984 | $8.43 | −5.4% | +14.4% |
| 1983 | $13.82 | +27.1% | −15.3% |
| 1982 | $8.28 | +1.5% | −5.3% |
| 1981 | $13.15 | −15.2% | −4.7% |
| 1980 | $35.28 | +9.6% | +0.7% |
| 1979 | $6.71 | +11.5% | +14.6% |
| 1978 | $4.95 | +4.1% | +0.4% |
| 1977 | $4.45 | +2.1% | +6.5% |
| 1976 | $4.01 | −4.0% | +3.8% |
| 1975 | $4.15 | −7.2% | +6.6% |
| 1974 | $3.87 | +18.8% | +47.0% |
| 1973 | $2.01 | −1.0% | +20.8% |
| 1972 | $1.50 | +9.3% | −1.9% |
| 1971 | $1.59 | −2.4% | −0.4% |
In the calendar in January
- New bullion coins for the year go on sale (American Eagles, Maple Leafs, Britannias).
- Chinese New Year falls in late January in some years; gold is a traditional gift.
Events that fall in the month; they do not explain any single year's move.
Silver by Month
Silver in January: FAQ
Is January a good month for silver?
Silver has risen in 63% of Januarys since 1971 (35 of 56), against 49% for all months, with an average change of +3.1%. January ranks 1 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 January?
1983, when silver rose 27.1%. The worst was 1981 (−15.2%).
What happens to silver in February after a higher January?
After silver ends January higher, February has risen 46% of the time since 1971 (16 of 35), against 49% for all months, with an average change of +1.9% and a median of −0.7%: no meaningful pattern.
What happens to silver in February after a lower January?
After silver ends January lower, February has risen 52% of the time since 1971 (11 of 21), against 49% for all months, with an average change of +3.0% and a median of +0.2%: no meaningful pattern.
History, not advice: past monthly patterns do not predict any single month. Data to 26 October 2026.
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@misc{corgano2026silverinjanuaryevery, author = {{Corgano}}, title = {Silver in January: every January since 1971}, howpublished = {\url{https://silverprice.corgano.com/silver-in-january}}, year = {2026}, note = {Corgano Silver Price, accessed 2026-10-27}}