Silver in October: Every October Since 1971
Silver has risen in 30 of 55 Octobers since 1971 (55%, against 49% for all months), with an average change of −0.1% and a median of +0.7%. Its best October was 1982 (+20.5%) and its worst 2008 (−28.4%). October ranks 10 of 12 by average change. So far in October 2026, silver is −10.0% (to 26 Oct).
Silver in every October, 1971–2025
% change in the monthWhat happens in November after October
How often November rose after silver ended October higher or lower, compared with all months (49% rose).
After a higher October
InconclusiveAfter silver ends October higher, November has risen 47% of the time since 1971 (14 of 30), against 49% for all months, with an average change of +1.0% and a median of −1.1%: no meaningful pattern.
After a lower October
InconclusiveAfter silver ends October lower, November has risen 36% of the time since 1971 (9 of 25), against 49% for all months, with an average change of +0.5% and a median of −1.1%: 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 October, Year by Year
Month-end close and the change in October, with November next to it.
| Year | Close, end of October | October | November after |
|---|---|---|---|
| 2026 so far | $54.11 | −10.0% | — |
| 2025 | $47.99 | +3.8% | +17.6% |
| 2024 | $32.65 | +4.8% | −6.0% |
| 2023 | $22.84 | +2.7% | +10.7% |
| 2022 | $19.13 | +0.9% | +12.7% |
| 2021 | $23.95 | +8.7% | −4.9% |
| 2020 | $23.62 | +0.8% | −4.6% |
| 2019 | $18.01 | +6.6% | −5.8% |
| 2018 | $14.23 | −2.7% | −0.9% |
| 2017 | $16.67 | +0.2% | −1.6% |
| 2016 | $17.87 | −6.7% | −7.8% |
| 2015 | $15.56 | +7.4% | −9.5% |
| 2014 | $16.16 | −5.3% | −3.7% |
| 2013 | $21.91 | +1.1% | −8.6% |
| 2012 | $32.28 | −6.8% | +6.2% |
| 2011 | $34.24 | +12.4% | −8.4% |
| 2010 | $23.96 | +8.6% | +13.2% |
| 2009 | $16.57 | +0.7% | +9.5% |
| 2008 | $9.28 | −28.4% | +9.1% |
| 2007 | $14.32 | +4.9% | −0.6% |
| 2006 | $12.08 | +4.6% | +13.2% |
| 2005 | $7.77 | +3.2% | +5.7% |
| 2004 | $7.16 | +7.3% | +8.4% |
| 2003 | $5.14 | +0.4% | +4.1% |
| 2002 | $4.48 | −1.1% | −1.1% |
| 2001 | $4.28 | −6.8% | −3.3% |
| 2000 | $4.74 | −3.1% | −2.3% |
| 1999 | $5.29 | −5.2% | −2.1% |
| 1998 | $5.06 | −6.1% | −2.6% |
| 1997 | $4.75 | −9.2% | +10.7% |
| 1996 | $4.80 | −1.2% | −1.5% |
| 1995 | $5.35 | −2.7% | −2.2% |
| 1994 | $5.35 | −4.9% | −5.1% |
| 1993 | $4.40 | +9.2% | +1.5% |
| 1992 | $3.76 | −0.1% | −0.8% |
| 1991 | $4.09 | −1.1% | −0.6% |
| 1990 | $4.22 | −11.9% | −3.2% |
| 1989 | $5.23 | −0.9% | +6.4% |
| 1988 | $6.31 | +2.2% | −3.8% |
| 1987 | $6.88 | −10.0% | +5.4% |
| 1986 | $5.61 | +1.6% | −4.0% |
| 1985 | $6.15 | +1.5% | +0.1% |
| 1984 | $7.20 | −3.2% | −2.0% |
| 1983 | $8.74 | −22.2% | +12.2% |
| 1982 | $9.87 | +20.5% | −3.3% |
| 1981 | $9.12 | +1.9% | −9.4% |
| 1980 | $18.88 | −7.9% | −2.4% |
| 1979 | $16.60 | +2.2% | +14.5% |
| 1978 | $6.26 | +10.5% | −5.7% |
| 1977 | $4.85 | +4.5% | −2.3% |
| 1976 | $4.27 | −2.7% | +0.2% |
| 1975 | $4.19 | −5.7% | +1.0% |
| 1974 | $4.86 | +14.5% | −8.3% |
| 1973 | $2.84 | +5.1% | +3.1% |
| 1972 | $1.80 | +3.4% | +3.0% |
| 1971 | $1.31 | −5.0% | +1.9% |
In the calendar in October
- Navratri, Dussehra and, in some years, Dhanteras and Diwali.
Events that fall in the month; they do not explain any single year's move.
Silver by Month
Silver in October: FAQ
Is October a good month for silver?
Silver has risen in 55% of Octobers since 1971 (30 of 55), against 49% for all months, with an average change of −0.1%. October ranks 10 of 12 months by average change. In the last 10 years it rose 8 times. Seasonal patterns are not a reliable guide to any single year.
What was silver's best October?
1982, when silver rose 20.5%. The worst was 2008 (−28.4%).
What happens to silver in November after a higher October?
After silver ends October higher, November has risen 47% of the time since 1971 (14 of 30), against 49% for all months, with an average change of +1.0% and a median of −1.1%: no meaningful pattern.
What happens to silver in November after a lower October?
After silver ends October lower, November has risen 36% of the time since 1971 (9 of 25), against 49% for all months, with an average change of +0.5% and a median of −1.1%: 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{corgano2026silverinoctoberevery, author = {{Corgano}}, title = {Silver in October: every October since 1971}, howpublished = {\url{https://silverprice.corgano.com/silver-in-october}}, year = {2026}, note = {Corgano Silver Price, accessed 2026-10-27}}