Silver Price in 2023
In 2023, silver fell 0.0%, closing the year at $23.85 per troy ounce, compared with $23.86 at the end of 2022. The highest close was $26.04 on May 4, 2023 and the lowest $20.01 on March 8, 2023; the average for the year was $23.39. Today's price is 125.7% above the 2023 close.
Silver price chart, 2023
USD per troy ounce · daily closeMonthly Silver Prices in 2023
Month-end close and range, US dollars per troy ounce. Choose a month for every day's price.
| Month | Close | High | Low | Change |
|---|---|---|---|---|
| January | $23.75 | $24.23 | $23.26 | −0.5% |
| February | $20.96 | $23.53 | $20.67 | −11.7% |
| March | $24.08 | $24.08 | $20.01 | +14.9% |
| April | $25.00 | $25.87 | $23.94 | +3.8% |
| May | $23.47 | $26.04 | $22.79 | −6.1% |
| June | $22.81 | $24.33 | $22.33 | −2.8% |
| July | $24.85 | $25.22 | $22.69 | +9.0% |
| August | $24.47 | $24.78 | $22.48 | −1.5% |
| September | $22.24 | $24.23 | $22.24 | −9.1% |
| October | $22.84 | $23.35 | $20.85 | +2.7% |
| November | $25.29 | $25.29 | $22.22 | +10.7% |
| December | $23.85 | $25.50 | $22.64 | −5.7% |
Silver in 2023 at a Glance
- Silver fell 0.0% in US dollars. In TRY terms it rose 57.8%, and in MXN terms it fell 12.9% — the difference comes from currency moves.
- It did worse than Gold (+13.4%), Bitcoin (+155.4%) and S&P 500 (with dividends) (+26.3%).
- After US inflation of 3.4%, the real change was −3.3%.
- In the futures market, managed money (speculators) went from net long 28,816 to net long 16,797 contracts.
Key Events in 2023
What happened, and how silver moved that day (or the next trading day) and about a month later.
- Friday, March 10Silicon Valley Bank fails after a bank run and is placed under FDIC receivership. SourceSilver: +1.7% that day · +24.1% a month later
- Sunday, March 19UBS agrees to take over Credit Suisse in a deal brokered by the Swiss government. SourceSilver: +0.8% next trading day (Mar 20) · +13.0% a month later
- Saturday, October 7Hamas launches attacks on Israel, starting the Gaza war. SourceSilver: +0.9% next trading day (Oct 9) · +7.5% a month later
Silver in 2023: records, milestones and the London price chart →
Silver in other currencies, 2023
| Currency | Change |
|---|---|
| TRY | +57.8% |
| PKR | +24.5% |
| ZAR | +9.7% |
| JPY | +6.4% |
| CNY | +2.0% |
| INR | −0.7% |
| AUD | −0.9% |
| CAD | −2.4% |
| EUR | −3.7% |
| GBP | −5.4% |
| MXN | −12.9% |
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, 2023
| Asset | Change (USD) |
|---|---|
| Gold | +13.4% |
| Bitcoin | +155.4% |
| S&P 500 (with dividends) | +26.3% |
| US inflation (CPI) | +3.4% |
Silver Price on Festivals in 2023
| Festival | Date | Price |
|---|---|---|
| Gudi Padwa | Wed 22 Mar | ₹60,273 ₹/kg |
| Akshaya Tritiya | Sat 22 Apr | ₹66,162 ₹/kg |
| Navratri | Sun 15 Oct | ₹60,839 ₹/kg |
| Dussehra | Tue 24 Oct | ₹61,344 ₹/kg |
| Dhanteras | Fri 10 Nov | ₹59,509 ₹/kg |
| Diwali | Sun 12 Nov | ₹59,509 ₹/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 16,797 contracts on 26 Dec 2023, against net long 28,816 a year earlier. COT report →
Silver in 2023: FAQ
What was the price of silver in 2023?
Silver traded between $20.01 and $26.04 per troy ounce in 2023 (daily closes), averaging $23.39. It closed the year at $23.85.
How much did silver go down in 2023?
Silver fell 0.0% in 2023, from $23.86 to $23.85 per ounce.
What was the highest silver price in 2023?
The highest daily close in 2023 was $26.04 per troy ounce on May 4, 2023.
What was the best month for silver in 2023?
March (+14.9%). The weakest was February (−11.7%).
How much did silver rise in rupees in 2023?
Silver fell 0.7% in Indian rupee terms in 2023, compared with 0.0% in US dollars.
Did silver beat the stock market in 2023?
No. Silver was 0.0% for the year, against +26.3% for the S&P 500 with dividends reinvested.
What was the biggest event for silver in 2023?
Of the key events listed on this page, the biggest one-day reaction was on 10 March: Silicon Valley Bank fails after a bank run and is placed under FDIC receivership. Silver moved +1.7% 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).