Silver in May: Every May Since 1971
Silver has risen in 30 of 56 Mays since 1971 (54%, against 49% for all months), with an average change of +0.6% and a median of +0.6%. Its best May was 2020 (+23.8%) and its worst 2011 (−20.4%). May ranks 7 of 12 by average change.
Silver in every May, 1971–2026
% change in the monthWhat happens in June after May
How often June rose after silver ended May higher or lower, compared with all months (49% rose).
After a higher May
ReboundAfter silver ends May higher, June has risen 27% of the time since 1971 (8 of 30), against 49% for all months, with an average change of −3.2% and a median of −3.0%: a tendency to give some back (the next month has risen less often than usual).
After a lower May
InconclusiveAfter silver ends May lower, June has risen 38% of the time since 1971 (10 of 26), against 49% for all months, with an average change of −1.1% and a median of −1.4%: 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 May, Year by Year
Month-end close and the change in May, with June next to it.
| Year | Close, end of May | May | June after |
|---|---|---|---|
| 2026 | $75.62 | +2.8% | −21.3% |
| 2025 | $32.89 | +1.1% | +9.0% |
| 2024 | $30.30 | +14.8% | −3.5% |
| 2023 | $23.47 | −6.1% | −2.8% |
| 2022 | $21.65 | −6.0% | −6.3% |
| 2021 | $27.99 | +8.3% | −6.5% |
| 2020 | $18.44 | +23.8% | +0.5% |
| 2019 | $14.53 | −2.5% | +5.0% |
| 2018 | $16.40 | +0.6% | −1.8% |
| 2017 | $17.30 | +0.6% | −4.1% |
| 2016 | $15.95 | −10.4% | +17.3% |
| 2015 | $16.74 | +3.9% | −6.3% |
| 2014 | $18.68 | −2.6% | +12.7% |
| 2013 | $22.57 | −7.6% | −16.4% |
| 2012 | $28.10 | −9.9% | −3.6% |
| 2011 | $38.65 | −20.4% | −9.4% |
| 2010 | $18.53 | −0.5% | +1.1% |
| 2009 | $15.52 | +22.9% | −10.2% |
| 2008 | $16.85 | +2.3% | +4.7% |
| 2007 | $13.25 | −1.9% | −5.4% |
| 2006 | $13.13 | +4.5% | −18.5% |
| 2005 | $7.13 | +2.1% | −0.4% |
| 2004 | $6.17 | +3.7% | −4.2% |
| 2003 | $4.56 | −1.1% | −1.1% |
| 2002 | $5.05 | +9.8% | −3.6% |
| 2001 | $4.43 | +1.4% | −2.0% |
| 2000 | $4.90 | −0.8% | +2.4% |
| 1999 | $4.94 | −9.2% | +5.7% |
| 1998 | $4.96 | −20.3% | +8.1% |
| 1997 | $4.74 | +0.6% | −2.3% |
| 1996 | $5.32 | −0.2% | −5.5% |
| 1995 | $5.29 | −7.5% | −4.5% |
| 1994 | $5.50 | +4.1% | −4.4% |
| 1993 | $4.71 | +9.7% | −2.9% |
| 1992 | $4.06 | +1.9% | −0.8% |
| 1991 | $4.13 | +5.1% | +7.8% |
| 1990 | $5.07 | +2.7% | −4.5% |
| 1989 | $5.22 | −7.4% | −0.9% |
| 1988 | $6.60 | +2.1% | +0.8% |
| 1987 | $7.69 | −5.4% | −7.1% |
| 1986 | $5.21 | +1.9% | −3.1% |
| 1985 | $6.09 | −3.7% | +0.4% |
| 1984 | $9.12 | +1.8% | −8.0% |
| 1983 | $13.55 | +13.3% | −14.4% |
| 1982 | $6.36 | −10.0% | −9.8% |
| 1981 | $10.59 | −4.3% | −21.6% |
| 1980 | $13.70 | −1.0% | +22.3% |
| 1979 | $8.77 | +14.7% | −2.7% |
| 1978 | $5.47 | +9.4% | −3.5% |
| 1977 | $4.56 | −3.2% | −1.2% |
| 1976 | $4.62 | +4.3% | +4.6% |
| 1975 | $4.53 | +2.3% | +0.9% |
| 1974 | $4.92 | −12.4% | −6.2% |
| 1973 | $2.55 | +18.8% | +4.5% |
| 1972 | $1.55 | −1.3% | +0.8% |
| 1971 | $1.60 | −5.2% | −1.6% |
In the calendar in May
- Akshaya Tritiya falls in April or May.
- Mother's Day in the US and Canada.
Events that fall in the month; they do not explain any single year's move.
Silver by Month
Silver in May: FAQ
Is May a good month for silver?
Silver has risen in 54% of Mays since 1971 (30 of 56), against 49% for all months, with an average change of +0.6%. May ranks 7 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 May?
2020, when silver rose 23.8%. The worst was 2011 (−20.4%).
What happens to silver in June after a higher May?
After silver ends May higher, June has risen 27% of the time since 1971 (8 of 30), against 49% for all months, with an average change of −3.2% and a median of −3.0%: a tendency to give some back (the next month has risen less often than usual).
What happens to silver in June after a lower May?
After silver ends May lower, June has risen 38% of the time since 1971 (10 of 26), against 49% for all months, with an average change of −1.1% and a median of −1.4%: 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{corgano2026silverinmayevery, author = {{Corgano}}, title = {Silver in May: every May since 1971}, howpublished = {\url{https://silverprice.corgano.com/silver-in-may}}, year = {2026}, note = {Corgano Silver Price, accessed 2026-10-27}}