Silver in July: Every July Since 1971
Silver has risen in 34 of 56 Julys since 1971 (61%, against 49% for all months), with an average change of +2.7% and a median of +1.3%. Its best July was 2020 (+30.5%) and its worst 1984 (−15.3%). July ranks 2 of 12 by average change.
Silver in every July, 1971–2026
% change in the monthWhat happens in August after July
How often August rose after silver ended July higher or lower, compared with all months (49% rose).
After a higher July
InconclusiveAfter silver ends July higher, August has risen 47% of the time since 1971 (16 of 34), against 49% for all months, with an average change of +0.9% and a median of −0.6%: no meaningful pattern.
After a lower July
InconclusiveAfter silver ends July lower, August has risen 30% of the time since 1971 (6 of 20), against 49% for all months, with an average change of −1.9% and a median of −1.2%: 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 July, Year by Year
Month-end close and the change in July, with August next to it.
| Year | Close, end of July | July | August after |
|---|---|---|---|
| 2026 | $57.59 | −3.2% | +15.0% |
| 2025 | $36.55 | +2.0% | +10.0% |
| 2024 | $28.78 | −1.6% | −0.2% |
| 2023 | $24.85 | +9.0% | −1.5% |
| 2022 | $20.16 | −0.6% | −11.9% |
| 2021 | $25.53 | −2.4% | −6.1% |
| 2020 | $24.19 | +30.5% | +17.6% |
| 2019 | $16.35 | +7.2% | +11.3% |
| 2018 | $15.50 | −3.8% | −6.9% |
| 2017 | $16.77 | +1.1% | +4.7% |
| 2016 | $20.30 | +8.5% | −8.3% |
| 2015 | $14.76 | −5.9% | −0.9% |
| 2014 | $20.41 | −3.1% | −4.5% |
| 2013 | $19.94 | +5.7% | +18.6% |
| 2012 | $28.20 | +4.1% | +8.2% |
| 2011 | $39.63 | +13.2% | +4.3% |
| 2010 | $17.66 | −5.8% | +6.9% |
| 2009 | $13.63 | −2.2% | +9.3% |
| 2008 | $17.48 | −1.0% | −21.3% |
| 2007 | $12.93 | +3.1% | −7.6% |
| 2006 | $11.44 | +6.9% | +10.1% |
| 2005 | $7.15 | +0.7% | −5.7% |
| 2004 | $6.42 | +8.6% | +5.0% |
| 2003 | $5.08 | +12.6% | +0.6% |
| 2002 | $4.66 | −4.3% | −1.9% |
| 2001 | $4.22 | −2.8% | −0.5% |
| 2000 | $4.95 | −1.4% | −0.8% |
| 1999 | $5.45 | +4.4% | −6.8% |
| 1998 | $5.53 | +3.2% | −13.4% |
| 1997 | $4.49 | −3.0% | +3.1% |
| 1996 | $5.11 | +1.6% | +0.8% |
| 1995 | $5.05 | 0.0% | +4.2% |
| 1994 | $5.29 | +0.8% | +1.2% |
| 1993 | $5.30 | +15.8% | −8.6% |
| 1992 | $3.95 | −1.8% | −5.9% |
| 1991 | $4.07 | −8.7% | −6.2% |
| 1990 | $4.86 | +0.3% | −0.5% |
| 1989 | $5.15 | −0.6% | −1.5% |
| 1988 | $6.80 | +2.3% | −5.0% |
| 1987 | $8.32 | +16.5% | −9.3% |
| 1986 | $5.05 | 0.0% | +2.5% |
| 1985 | $6.34 | +3.7% | −1.4% |
| 1984 | $7.11 | −15.3% | +4.7% |
| 1983 | $12.15 | +4.7% | −1.3% |
| 1982 | $6.64 | +15.8% | +16.5% |
| 1981 | $8.51 | +2.5% | +7.6% |
| 1980 | $15.78 | −5.8% | +1.8% |
| 1979 | $9.08 | +6.4% | +13.6% |
| 1978 | $5.57 | +5.6% | −0.8% |
| 1977 | $4.52 | +0.3% | −1.6% |
| 1976 | $4.54 | −6.0% | −9.6% |
| 1975 | $5.00 | +9.5% | −7.4% |
| 1974 | $4.79 | +3.8% | −14.1% |
| 1973 | $2.76 | +3.5% | −5.9% |
| 1972 | $1.83 | +17.0% | +4.4% |
| 1971 | $1.59 | +1.1% | −5.7% |
Silver by Month
Silver in July: FAQ
Is July a good month for silver?
Silver has risen in 61% of Julys since 1971 (34 of 56), against 49% for all months, with an average change of +2.7%. July ranks 2 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 July?
2020, when silver rose 30.5%. The worst was 1984 (−15.3%).
What happens to silver in August after a higher July?
After silver ends July higher, August has risen 47% of the time since 1971 (16 of 34), against 49% for all months, with an average change of +0.9% and a median of −0.6%: no meaningful pattern.
What happens to silver in August after a lower July?
After silver ends July lower, August has risen 30% of the time since 1971 (6 of 20), against 49% for all months, with an average change of −1.9% and a median of −1.2%: 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.
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@misc{corgano2026silverinjulyevery, author = {{Corgano}}, title = {Silver in July: every July since 1971}, howpublished = {\url{https://silverprice.corgano.com/silver-in-july}}, year = {2026}, note = {Corgano Silver Price, accessed 2026-10-27}}