Silver in September: Every September Since 1971
Silver has risen in 30 of 56 Septembers since 1971 (54%, against 49% for all months), with an average change of +1.9% and a median of +1.3%. Its best September was 1979 (+57.5%) and its worst 2011 (−26.4%). September ranks 5 of 12 by average change.
Silver in every September, 1971–2026
% change in the monthWhat happens in October after September
How often October rose after silver ended September higher or lower, compared with all months (49% rose).
After a higher September
InconclusiveAfter silver ends September higher, October has risen 50% of the time since 1971 (15 of 30), against 49% for all months, with an average change of +0.4% and a median of +0.2%: no meaningful pattern.
After a lower September
InconclusiveAfter silver ends September lower, October has risen 60% of the time since 1971 (15 of 25), against 49% for all months, with an average change of −0.7% 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 September, Year by Year
Month-end close and the change in September, with October next to it.
| Year | Close, end of September | September | October after |
|---|---|---|---|
| 2026 | $60.10 | −9.2% | — |
| 2025 | $46.25 | +15.1% | +3.8% |
| 2024 | $31.16 | +8.5% | +4.8% |
| 2023 | $22.24 | −9.1% | +2.7% |
| 2022 | $18.96 | +6.7% | +0.9% |
| 2021 | $22.02 | −8.1% | +8.7% |
| 2020 | $23.43 | −17.6% | +0.8% |
| 2019 | $16.90 | −7.1% | +6.6% |
| 2018 | $14.62 | +1.3% | −2.7% |
| 2017 | $16.63 | −5.2% | +0.2% |
| 2016 | $19.15 | +2.9% | −6.7% |
| 2015 | $14.48 | −1.0% | +7.4% |
| 2014 | $17.06 | −12.5% | −5.3% |
| 2013 | $21.68 | −8.3% | +1.1% |
| 2012 | $34.65 | +13.5% | −6.8% |
| 2011 | $30.45 | −26.4% | +12.4% |
| 2010 | $22.07 | +17.0% | +8.6% |
| 2009 | $16.45 | +10.4% | +0.7% |
| 2008 | $12.96 | −5.8% | −28.4% |
| 2007 | $13.65 | +14.2% | +4.9% |
| 2006 | $11.55 | −8.3% | +4.6% |
| 2005 | $7.53 | +11.7% | +3.2% |
| 2004 | $6.67 | −1.0% | +7.3% |
| 2003 | $5.12 | +0.2% | +0.4% |
| 2002 | $4.53 | −0.9% | −1.1% |
| 2001 | $4.59 | +9.3% | −6.8% |
| 2000 | $4.89 | −0.4% | −3.1% |
| 1999 | $5.58 | +9.8% | −5.2% |
| 1998 | $5.39 | +12.5% | −6.1% |
| 1997 | $5.23 | +13.0% | −9.2% |
| 1996 | $4.86 | −5.6% | −1.2% |
| 1995 | $5.50 | +4.6% | −2.7% |
| 1994 | $5.62 | +4.9% | −4.9% |
| 1993 | $4.03 | −16.8% | +9.2% |
| 1992 | $3.77 | +1.3% | −0.1% |
| 1991 | $4.14 | +8.4% | −1.1% |
| 1990 | $4.80 | −0.7% | −11.9% |
| 1989 | $5.28 | +4.2% | −0.9% |
| 1988 | $6.17 | −4.5% | +2.2% |
| 1987 | $7.64 | +1.3% | −10.0% |
| 1986 | $5.52 | +6.8% | +1.6% |
| 1985 | $6.05 | −3.1% | +1.5% |
| 1984 | $7.44 | −0.1% | −3.2% |
| 1983 | $11.24 | −6.3% | −22.2% |
| 1982 | $8.19 | +6.0% | +20.5% |
| 1981 | $8.95 | −2.2% | +1.9% |
| 1980 | $20.50 | +27.7% | −7.9% |
| 1979 | $16.25 | +57.5% | +2.2% |
| 1978 | $5.67 | +2.5% | +10.5% |
| 1977 | $4.65 | +4.4% | +4.5% |
| 1976 | $4.39 | +6.9% | −2.7% |
| 1975 | $4.44 | −4.2% | −5.7% |
| 1974 | $4.25 | +3.1% | +14.5% |
| 1973 | $2.70 | +3.9% | +5.1% |
| 1972 | $1.74 | −8.9% | +3.4% |
| 1971 | $1.38 | −8.4% | −5.0% |
In the calendar in September
- Navratri begins in September or October, the start of India's festival season.
Events that fall in the month; they do not explain any single year's move.
Silver by Month
Silver in September: FAQ
Is September a good month for silver?
Silver has risen in 54% of Septembers since 1971 (30 of 56), against 49% for all months, with an average change of +1.9%. September ranks 5 of 12 months by average change. In the last 10 years it rose 4 times. Seasonal patterns are not a reliable guide to any single year.
What was silver's best September?
1979, when silver rose 57.5%. The worst was 2011 (−26.4%).
What happens to silver in October after a higher September?
After silver ends September higher, October has risen 50% of the time since 1971 (15 of 30), against 49% for all months, with an average change of +0.4% and a median of +0.2%: no meaningful pattern.
What happens to silver in October after a lower September?
After silver ends September lower, October has risen 60% of the time since 1971 (15 of 25), against 49% for all months, with an average change of −0.7% 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.
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@misc{corgano2026silverinseptemberevery, author = {{Corgano}}, title = {Silver in September: every September since 1971}, howpublished = {\url{https://silverprice.corgano.com/silver-in-september}}, year = {2026}, note = {Corgano Silver Price, accessed 2026-10-27}}