Silver Price in January 2025
In January 2025, silver rose 11.0%, from $28.94 at the end of December to $32.13 per troy ounce on January 31, 2025. The highest close was $32.36 on January 30, 2025, the lowest $29.62 on January 2, 2025, and the average over 21 trading days was $30.83. Today's price is 67.5% higher than the January 2025 close.
- Silver rose 11.0% in US dollars in January 2025.
- Measured in other currencies, the change ranged from +9.0% in JPY to +12.7% in TRY, because exchange rates moved too.
- It did better than gold (+6.5%), bitcoin (+9.6%) and US stocks (+2.8%).
- It closed higher on 15 trading days and lower on 6, with an average daily move of 1.49%.
- At the end of the month it was 33.9% below its highest close since 2000.
- Gold/silver ratio: 91.3 → 87.5.
- The biggest reaction to a scheduled US release was to the Fed rate decision on 29 January: +5.3% over two sessions.
Silver price chart, January 2025
US dollars per troy ounce · daily closeSilver in other currencies, January 2025
| Currency | Change in the month |
|---|---|
| TRY | +12.7% |
| GBP | +12.1% |
| INR | +12.1% |
| CAD | +12.1% |
| PKR | +11.6% |
| MXN | +11.2% |
| EUR | +11.1% |
| AUD | +11.1% |
| ZAR | +9.8% |
| CNY | +9.2% |
| JPY | +9.0% |
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, January 2025
| Asset | Change (USD) |
|---|---|
| Silver | +11.0% |
| Gold | +6.5% |
| Bitcoin | +9.6% |
| S&P 500 (with dividends) | +2.8% |
| US inflation (CPI, month) | +0.65% |
| Gold/silver ratio | 91.3 → 87.5 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
The Fed and US Data in January 2025
Scheduled US releases this month and how silver moved. For Fed decisions the move covers two sessions, because the statement comes after the gold futures settle.
| Date | Release | Result | Silver |
|---|---|---|---|
| Fri 10 Jan | Jobs report (December 2024) | — | +1.0% |
| Wed 15 Jan | CPI inflation (December 2024) | — | +3.9% |
| Wed 29 Jan | Fed rate decision | Rates unchanged (4.25–4.50%) | +5.3% |
Daily Silver Prices, January 2025
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 |
|---|---|---|---|---|---|
| Jan 2Thu | $29.62 | +2.36% | $0.95 | ₹81,700 | AED 3,497.10 |
| Jan 3Fri | $29.81 | +0.62% | $0.96 | ₹82,225 | AED 3,518.82 |
| Jan 6Mon | $30.34 | +1.80% | $0.98 | ₹83,659 | AED 3,582.10 |
| Jan 7Tue | $30.45 | +0.35% | $0.98 | ₹83,872 | AED 3,594.50 |
| Jan 8Wed | $30.45 | +0.02% | $0.98 | ₹84,009 | AED 3,595.09 |
| Jan 9Thu | $30.79 | +1.11% | $0.99 | ₹85,044 | AED 3,635.11 |
| Jan 10Fri | $31.09 | +0.97% | $1.00 | ₹85,886 | AED 3,670.53 |
| Jan 13Mon | $30.09 | −3.22% | $0.97 | ₹83,382 | AED 3,552.47 |
| Jan 14Tue | $30.13 | +0.14% | $0.97 | ₹83,944 | AED 3,557.31 |
| Jan 15Wed | $31.32 | +3.94% | $1.01 | ₹87,135 | AED 3,697.44 |
| Jan 16Thu | $31.52 | +0.65% | $1.01 | ₹87,597 | AED 3,721.53 |
| Jan 17Fri | $30.95 | −1.81% | $1.00 | ₹86,182 | AED 3,654.00 |
| Jan 21Tue | $31.31 | +1.16% | $1.01 | ₹86,786 | AED 3,696.50 |
| Jan 22Wed | $31.24 | −0.23% | $1.00 | ₹86,829 | AED 3,688.00 |
| Jan 23Thu | $30.67 | −1.81% | $0.99 | ₹85,276 | AED 3,621.18 |
| Jan 24Fri | $31.02 | +1.14% | $1.00 | ₹86,217 | AED 3,662.50 |
| Jan 27Mon | $30.25 | −2.48% | $0.97 | ₹83,849 | AED 3,572.20 |
| Jan 28Tue | $30.73 | +1.56% | $0.99 | ₹85,422 | AED 3,627.55 |
| Jan 29Wed | $31.24 | +1.66% | $1.00 | ₹86,959 | AED 3,687.88 |
| Jan 30Thu | $32.36 | +3.60% | $1.04 | ₹90,152 | AED 3,820.81 |
| Jan 31Fri | $32.13 | −0.73% | $1.03 | ₹89,501 | AED 3,792.95 |
How January usually goes for silver
In the 20 years from 2006 to 2025, silver rose in January 14 times out of 20, with an average move of +4.3% and a median of +3.6%.
Silver in January 2025: FAQ
What was the price of silver in January 2025?
Silver traded between $29.62 and $32.36 per troy ounce (daily closes) in January 2025, averaging $30.83. It closed the month at $32.13.
How much did silver go up in January 2025?
Silver rose 11.0%, from $28.94 to $32.13. The biggest daily rise was +3.9% on January 15, 2025 and the biggest fall −3.2% on January 13, 2025.
What was the silver price on January 2, 2025?
Silver closed at $29.62 per troy ounce on January 2, 2025, the first trading day of the month. 999 India, ₹ per kg: ₹81,700.
Is January usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in January 14 times out of 20, with an average move of +4.3% and a median of +3.6%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in January 2025?
Silver rose 12.1% in Indian rupee terms in January 2025, compared with +11.0% in US dollars.
Did silver beat stocks in January 2025?
Yes. Silver was +11.0% for the month, against +2.8% for the S&P 500 with dividends.
How did silver react to the Fed and US data in January 2025?
Of 3 scheduled US releases this month, the biggest move came after the Fed rate decision on 29 January: +5.3%. The full list with each reaction is on this page.
Did silver keep up with inflation in January 2025?
US consumer prices (CPI) changed +0.65% in January, so silver's real (inflation-adjusted) change was about +10.3%.