Silver Price in December 2020
In December 2020, silver rose 16.9%, from $22.53 at the end of November to $26.33 per troy ounce on December 31, 2020. The highest close was $26.49 on December 30, 2020, the lowest $23.93 on December 9, 2020, and the average over 22 trading days was $25.10. Today's price is 104.3% higher than the December 2020 close.
- Silver rose 16.9% in US dollars in December 2020, leaving it up 47.7% for the year to date.
- Measured in other currencies, the change ranged from +10.2% in TRY to +17.6% in PKR, because exchange rates moved too.
- It did better than gold (+6.7%) and US stocks (+3.8%), and worse than bitcoin (+47.8%).
- It closed higher on 13 trading days and lower on 9, with an average daily move of 1.57%.
- At the end of the month it was 45.8% below its highest close since 2000.
- Gold/silver ratio: 78.8 → 72.0.
Silver price chart, December 2020
US dollars per troy ounce · daily closeSilver in other currencies, December 2020
| Currency | Change in the month |
|---|---|
| PKR | +17.6% |
| MXN | +16.0% |
| CNY | +15.9% |
| JPY | +15.8% |
| INR | +15.6% |
| CAD | +14.8% |
| GBP | +14.3% |
| EUR | +13.7% |
| AUD | +12.5% |
| ZAR | +12.3% |
| TRY | +10.2% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes silver rise more in local terms.
Silver vs other assets, December 2020
| Asset | Change (USD) |
|---|---|
| Silver | +16.9% |
| Gold | +6.7% |
| Bitcoin | +47.8% |
| S&P 500 (with dividends) | +3.8% |
| US inflation (CPI, month) | +0.09% |
| Silver, year to date (end of December) | +47.7% |
| Gold/silver ratio | 78.8 → 72.0 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, December 2020
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 999 India, ₹ per kg | UAE, AED per kg |
|---|---|---|---|---|---|
| Dec 1Tue | $24.03 | +6.65% | $0.77 | ₹57,198 | AED 2,837.43 |
| Dec 2Wed | $24.03 | −0.03% | $0.77 | ₹56,893 | AED 2,836.49 |
| Dec 3Thu | $24.09 | +0.26% | $0.77 | ₹57,045 | AED 2,843.81 |
| Dec 4Fri | $24.20 | +0.48% | $0.78 | ₹57,478 | AED 2,857.50 |
| Dec 7Mon | $24.74 | +2.22% | $0.80 | ₹58,696 | AED 2,921.34 |
| Dec 8Tue | $24.68 | −0.23% | $0.79 | ₹58,743 | AED 2,914.29 |
| Dec 9Wed | $23.93 | −3.05% | $0.77 | ₹56,723 | AED 2,825.27 |
| Dec 10Thu | $24.03 | +0.42% | $0.77 | ₹57,123 | AED 2,837.20 |
| Dec 11Fri | $24.03 | 0.00% | $0.77 | ₹56,965 | AED 2,837.31 |
| Dec 14Mon | $23.99 | −0.20% | $0.77 | ₹56,862 | AED 2,832.07 |
| Dec 15Tue | $24.58 | +2.48% | $0.79 | ₹58,371 | AED 2,902.13 |
| Dec 16Wed | $24.99 | +1.64% | $0.80 | ₹59,250 | AED 2,949.83 |
| Dec 17Thu | $26.10 | +4.46% | $0.84 | ₹61,774 | AED 3,081.47 |
| Dec 18Fri | $25.95 | −0.58% | $0.83 | ₹61,344 | AED 3,063.64 |
| Dec 21Mon | $26.28 | +1.27% | $0.84 | ₹62,185 | AED 3,102.49 |
| Dec 22Tue | $25.43 | −3.21% | $0.82 | ₹60,459 | AED 3,002.76 |
| Dec 23Wed | $25.82 | +1.53% | $0.83 | ₹61,663 | AED 3,049.30 |
| Dec 24Thu | $25.81 | −0.05% | $0.83 | ₹61,275 | AED 3,047.35 |
| Dec 28Mon | $26.46 | +2.51% | $0.85 | ₹62,688 | AED 3,122.70 |
| Dec 29Tue | $26.14 | −1.22% | $0.84 | ₹61,804 | AED 3,086.21 |
| Dec 30Wed | $26.49 | +1.34% | $0.85 | ₹62,554 | AED 3,127.28 |
| Dec 31Thu | $26.33 | −0.59% | $0.85 | ₹61,915 | AED 3,108.86 |
How December usually goes for silver
In the 20 years from 2006 to 2025, silver rose in December 11 times out of 20, with an average move of +2.0% and a median of +1.5%.
Silver in December 2020: FAQ
What was the price of silver in December 2020?
Silver traded between $23.93 and $26.49 per troy ounce (daily closes) in December 2020, averaging $25.10. It closed the month at $26.33.
How much did silver go up in December 2020?
Silver rose 16.9%, from $22.53 to $26.33. The biggest daily rise was +6.7% on December 1, 2020 and the biggest fall −3.2% on December 22, 2020.
What was the silver price on December 1, 2020?
Silver closed at $24.03 per troy ounce on December 1, 2020, the first trading day of the month. 999 India, ₹ per kg: ₹57,198.
Is December usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in December 11 times out of 20, with an average move of +2.0% and a median of +1.5%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in December 2020?
Silver rose 15.6% in Indian rupee terms in December 2020, compared with +16.9% in US dollars.
Did silver beat stocks in December 2020?
Yes. Silver was +16.9% for the month, against +3.8% for the S&P 500 with dividends.
Did silver keep up with inflation in December 2020?
US consumer prices (CPI) changed +0.09% in December, so silver's real (inflation-adjusted) change was about +16.7%.