Silver Price in 2020
In 2020, silver rose 47.7%, closing the year at $26.33 per troy ounce, compared with $17.83 at the end of 2019. The highest close was $29.25 on August 10, 2020 and the lowest $11.74 on March 18, 2020; the average for the year was $20.65. Today's price is 106.0% above the 2020 close.
Silver price chart, 2020
USD per troy ounce · daily closeMonthly Silver Prices in 2020
Month-end close and range, US dollars per troy ounce. Choose a month for every day's price.
| Month | Close | High | Low | Change |
|---|---|---|---|---|
| January | $17.97 | $18.32 | $17.40 | +0.8% |
| February | $16.39 | $18.87 | $16.39 | −8.8% |
| March | $14.10 | $17.34 | $11.74 | −14.0% |
| April | $14.90 | $16.07 | $13.93 | +5.7% |
| May | $18.44 | $18.44 | $14.72 | +23.8% |
| June | $18.54 | $18.77 | $17.38 | +0.5% |
| July | $24.19 | $24.48 | $18.13 | +30.5% |
| August | $28.44 | $29.25 | $24.39 | +17.6% |
| September | $23.43 | $28.49 | $23.01 | −17.6% |
| October | $23.62 | $25.23 | $23.32 | +0.8% |
| November | $22.53 | $25.65 | $22.53 | −4.6% |
| December | $26.33 | $26.49 | $23.93 | +16.9% |
Silver in 2020 at a Glance
- Silver rose 47.7% in US dollars. In TRY terms it rose 83.1%, and in AUD terms it rose 34.5% — the difference comes from currency moves.
- It did better than Gold (+24.7%) and S&P 500 (with dividends) (+18.4%).
- It did worse than Bitcoin (+303.2%).
- After US inflation of 1.4%, the real change was +45.7%.
- In the futures market, managed money (speculators) went from net long 58,868 to net long 46,006 contracts.
Key Events in 2020
What happened, and how silver moved that day (or the next trading day) and about a month later.
- Wednesday, March 11World Health Organization declares COVID-19 a pandemic. SourceSilver: −1.0% that day · −10.4% a month later
- Friday, March 27President Trump signs the $2.2 trillion CARES Act economic relief bill. SourceSilver: −1.0% that day · +3.8% a month later
- Tuesday, August 4Gold rises above $2,000 an ounce for the first time. SourceSilver: +6.7% that day · +16.8% a month later
- Monday, November 9Pfizer and BioNTech report their COVID-19 vaccine is more than 90% effective; US stock indexes hit record highs. SourceSilver: −7.6% that day · −3.8% a month later
Silver in 2020: records, milestones and the London price chart →
Silver in other currencies, 2020
| Currency | Change |
|---|---|
| TRY | +83.1% |
| MXN | +55.3% |
| ZAR | +53.4% |
| PKR | +53.0% |
| INR | +51.5% |
| CAD | +44.2% |
| GBP | +42.1% |
| JPY | +39.9% |
| CNY | +37.9% |
| EUR | +34.5% |
| AUD | +34.5% |
Price in each currency at the year-end exchange rate, year-end to year-end. A falling currency makes silver rise more in local terms.
Silver vs other assets, 2020
| Asset | Change (USD) |
|---|---|
| Gold | +24.7% |
| Bitcoin | +303.2% |
| S&P 500 (with dividends) | +18.4% |
| US inflation (CPI) | +1.4% |
Silver Price on Festivals in 2020
| Festival | Date | Price |
|---|---|---|
| Gudi Padwa | Wed 25 Mar | ₹36,855 ₹/kg |
| Akshaya Tritiya | Sun 26 Apr | ₹37,480 ₹/kg |
| Navratri | Sat 17 Oct | ₹57,485 ₹/kg |
| Dussehra | Sun 25 Oct | ₹58,370 ₹/kg |
| Dhanteras | Fri 13 Nov | ₹59,594 ₹/kg |
| Diwali | Sat 14 Nov | ₹59,594 ₹/kg |
International price converted at that day's rate, before local taxes and making charges.
Futures positioning: managed money (speculators) held a net long position of 46,006 contracts on 29 Dec 2020, against net long 58,868 a year earlier. COT report →
Silver in 2020: FAQ
What was the price of silver in 2020?
Silver traded between $11.74 and $29.25 per troy ounce in 2020 (daily closes), averaging $20.65. It closed the year at $26.33.
How much did silver go up in 2020?
Silver rose 47.7% in 2020, from $17.83 to $26.33 per ounce.
What was the highest silver price in 2020?
The highest daily close in 2020 was $29.25 per troy ounce on August 10, 2020.
What was the best month for silver in 2020?
July (+30.5%). The weakest was September (−17.6%).
How much did silver rise in rupees in 2020?
Silver rose 51.5% in Indian rupee terms in 2020, compared with +47.7% in US dollars.
Did silver beat the stock market in 2020?
Yes. Silver was +47.7% for the year, against +18.4% for the S&P 500 with dividends reinvested.
What was the biggest event for silver in 2020?
Of the key events listed on this page, the biggest one-day reaction was on 9 November: Pfizer and BioNTech report their COVID-19 vaccine is more than 90% effective; US stock indexes hit record highs. Silver moved −7.6% that day.
Daily closing prices of COMEX front-month silver futures (US dollars per troy ounce), which track the spot price closely. Download the full daily series as CSV (free to use with a link to this site).