Silver Price in 2024
In 2024, silver rose 21.3%, closing the year at $28.94 per troy ounce, compared with $23.85 at the end of 2023. The highest close was $34.83 on October 22, 2024 and the lowest $22.10 on February 13, 2024; the average for the year was $28.30. Today's price is 96.7% above the 2024 close.
Silver price chart, 2024
USD per troy ounce · daily closeMonthly Silver Prices in 2024
Month-end close and range, US dollars per troy ounce. Choose a month for every day's price.
| Month | Close | High | Low | Change |
|---|---|---|---|---|
| January | $23.05 | $23.73 | $22.16 | −3.4% |
| February | $22.67 | $23.44 | $22.10 | −1.7% |
| March | $24.80 | $25.20 | $23.15 | +9.4% |
| April | $26.39 | $28.81 | $24.95 | +6.4% |
| May | $30.30 | $32.21 | $26.45 | +14.8% |
| June | $29.24 | $31.25 | $28.84 | −3.5% |
| July | $28.78 | $31.39 | $27.70 | −1.6% |
| August | $28.73 | $29.98 | $26.83 | −0.2% |
| September | $31.16 | $32.11 | $27.81 | +8.5% |
| October | $32.65 | $34.83 | $30.36 | +4.8% |
| November | $30.69 | $32.66 | $30.11 | −6.0% |
| December | $28.94 | $32.56 | $28.94 | −5.7% |
Silver in 2024 at a Glance
- Silver rose 21.3% in US dollars. In MXN terms it rose 47.7%, and in PKR terms it rose 19.3% — the difference comes from currency moves.
- It did worse than Gold (+27.5%), Bitcoin (+121.1%) and S&P 500 (with dividends) (+25.0%).
- After US inflation of 2.9%, the real change was +17.9%.
- In the futures market, managed money (speculators) went from net long 16,797 to net long 17,170 contracts.
Key Events in 2024
What happened, and how silver moved that day (or the next trading day) and about a month later.
- Tuesday, November 5Donald Trump wins the US presidential election. SourceSilver: +0.5% that day · −3.0% a month later
Silver in 2024: records, milestones and the London price chart →
Silver in other currencies, 2024
| Currency | Change |
|---|---|
| MXN | +47.7% |
| TRY | +45.1% |
| JPY | +34.7% |
| AUD | +33.2% |
| CAD | +31.6% |
| EUR | +29.0% |
| INR | +26.5% |
| CNY | +24.6% |
| GBP | +23.1% |
| ZAR | +22.6% |
| PKR | +19.3% |
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, 2024
| Asset | Change (USD) |
|---|---|
| Gold | +27.5% |
| Bitcoin | +121.1% |
| S&P 500 (with dividends) | +25.0% |
| US inflation (CPI) | +2.9% |
Silver Price on Festivals in 2024
| Festival | Date | Price |
|---|---|---|
| Gudi Padwa | Tue 9 Apr | ₹74,669 ₹/kg |
| Akshaya Tritiya | Fri 10 May | ₹75,870 ₹/kg |
| Navratri | Thu 3 Oct | ₹86,848 ₹/kg |
| Dussehra | Sat 12 Oct | ₹85,070 ₹/kg |
| Dhanteras | Tue 29 Oct | ₹92,662 ₹/kg |
| Diwali | Fri 1 Nov | ₹87,981 ₹/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 17,170 contracts on 31 Dec 2024, against net long 16,797 a year earlier. COT report →
Silver in 2024: FAQ
What was the price of silver in 2024?
Silver traded between $22.10 and $34.83 per troy ounce in 2024 (daily closes), averaging $28.30. It closed the year at $28.94.
How much did silver go up in 2024?
Silver rose 21.3% in 2024, from $23.85 to $28.94 per ounce.
What was the highest silver price in 2024?
The highest daily close in 2024 was $34.83 per troy ounce on October 22, 2024.
What was the best month for silver in 2024?
May (+14.8%). The weakest was November (−6.0%).
How much did silver rise in rupees in 2024?
Silver rose 26.5% in Indian rupee terms in 2024, compared with +21.3% in US dollars.
Did silver beat the stock market in 2024?
No. Silver was +21.3% for the year, against +25.0% for the S&P 500 with dividends reinvested.
What was the biggest event for silver in 2024?
Of the key events listed on this page, the biggest one-day reaction was on 5 November: Donald Trump wins the US presidential election. Silver moved +0.5% 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).