Silver in November: Every November Since 1971
Silver has risen in 23 of 55 Novembers since 1971 (42%, against 49% for all months), with an average change of +0.8% and a median of −1.1%. Its best November was 2025 (+17.6%) and its worst 2015 (−9.5%). November ranks 6 of 12 by average change.
Silver in every November, 1971–2025
% change in the monthWhat happens in December after November
How often December rose after silver ended November higher or lower, compared with all months (49% rose).
After a higher November
InconclusiveAfter silver ends November higher, December has risen 57% of the time since 1971 (13 of 23), against 49% for all months, with an average change of +5.4% and a median of +2.9%: a difference, but too few cases to rule out chance.
After a lower November
InconclusiveAfter silver ends November lower, December has risen 53% of the time since 1971 (17 of 32), against 49% for all months, with an average change of +0.4% and a median of +0.3%: 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 November, Year by Year
Month-end close and the change in November, with December next to it.
| Year | Close, end of November | November | December after |
|---|---|---|---|
| 2025 | $56.45 | +17.6% | +24.2% |
| 2024 | $30.69 | −6.0% | −5.7% |
| 2023 | $25.29 | +10.7% | −5.7% |
| 2022 | $21.55 | +12.7% | +10.7% |
| 2021 | $22.77 | −4.9% | +2.5% |
| 2020 | $22.53 | −4.6% | +16.9% |
| 2019 | $16.97 | −5.8% | +5.1% |
| 2018 | $14.09 | −0.9% | +9.5% |
| 2017 | $16.40 | −1.6% | +3.2% |
| 2016 | $16.48 | −7.8% | −3.5% |
| 2015 | $14.08 | −9.5% | −1.7% |
| 2014 | $15.56 | −3.7% | +0.3% |
| 2013 | $20.02 | −8.6% | −3.2% |
| 2012 | $34.28 | +6.2% | −12.6% |
| 2011 | $31.35 | −8.4% | −10.1% |
| 2010 | $27.13 | +13.2% | +12.9% |
| 2009 | $18.14 | +9.5% | −6.3% |
| 2008 | $10.12 | +9.1% | +6.6% |
| 2007 | $14.23 | −0.6% | +3.7% |
| 2006 | $13.68 | +13.2% | −5.7% |
| 2005 | $8.21 | +5.7% | +7.6% |
| 2004 | $7.76 | +8.4% | −12.1% |
| 2003 | $5.35 | +4.1% | +11.6% |
| 2002 | $4.43 | −1.1% | +5.4% |
| 2001 | $4.14 | −3.3% | +9.2% |
| 2000 | $4.63 | −2.3% | −1.1% |
| 1999 | $5.18 | −2.1% | +2.9% |
| 1998 | $4.93 | −2.6% | +1.6% |
| 1997 | $5.26 | +10.7% | +13.7% |
| 1996 | $4.73 | −1.5% | +0.8% |
| 1995 | $5.23 | −2.2% | −1.9% |
| 1994 | $5.08 | −5.1% | −4.4% |
| 1993 | $4.47 | +1.5% | +14.5% |
| 1992 | $3.73 | −0.8% | −1.7% |
| 1991 | $4.07 | −0.6% | −5.0% |
| 1990 | $4.09 | −3.2% | +2.6% |
| 1989 | $5.57 | +6.4% | −6.3% |
| 1988 | $6.07 | −3.8% | −0.3% |
| 1987 | $7.25 | +5.4% | −7.6% |
| 1986 | $5.38 | −4.0% | −1.9% |
| 1985 | $6.15 | +0.1% | −5.7% |
| 1984 | $7.05 | −2.0% | −10.8% |
| 1983 | $9.81 | +12.2% | −9.2% |
| 1982 | $9.54 | −3.3% | +13.9% |
| 1981 | $8.27 | −9.4% | −1.4% |
| 1980 | $18.42 | −2.4% | −15.9% |
| 1979 | $19.00 | +14.5% | +69.5% |
| 1978 | $5.91 | −5.7% | +1.9% |
| 1977 | $4.74 | −2.3% | +0.3% |
| 1976 | $4.28 | +0.2% | +1.8% |
| 1975 | $4.23 | +1.0% | −1.1% |
| 1974 | $4.46 | −8.3% | +0.4% |
| 1973 | $2.92 | +3.1% | +11.4% |
| 1972 | $1.85 | +3.0% | +9.7% |
| 1971 | $1.33 | +1.9% | +2.9% |
In the calendar in November
- Dhanteras and Diwali in some years.
- US elections fall in early November in even-numbered years: what silver did after every one
- Black Friday.
Events that fall in the month; they do not explain any single year's move.
Silver by Month
Silver in November: FAQ
Is November a good month for silver?
Silver has risen in 42% of Novembers since 1971 (23 of 55), against 49% for all months, with an average change of +0.8%. November ranks 6 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 November?
2025, when silver rose 17.6%. The worst was 2015 (−9.5%).
What happens to silver in December after a higher November?
After silver ends November higher, December has risen 57% of the time since 1971 (13 of 23), against 49% for all months, with an average change of +5.4% and a median of +2.9%: a difference, but too few cases to rule out chance.
What happens to silver in December after a lower November?
After silver ends November lower, December has risen 53% of the time since 1971 (17 of 32), against 49% for all months, with an average change of +0.4% and a median of +0.3%: 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{corgano2026silverinnovemberevery, author = {{Corgano}}, title = {Silver in November: every November since 1971}, howpublished = {\url{https://silverprice.corgano.com/silver-in-november}}, year = {2026}, note = {Corgano Silver Price, accessed 2026-10-27}}