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Silver Price in 2024 | Historical Silver Prices

Annual summary, monthly averages, and key events that shaped silver prices in 2024

- 202320242025 -

Jan 1

$24.63

Opening Price

Dec 31

$29.32

Closing Price

Year High

$34.86

Annual High

Year Low

$21.96

Annual Low

Annual Avg

$28.28

Average Price

vs 2023

+19%

Annual Change

Monthly Silver Price Chart — 2024

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Low: $22.50High: $34.00

Monthly Average Silver Prices — 2024

MonthAvg Price (USD/oz)vs Prev Month
Jan 2024$23.00-6.6%
Feb 2024$22.50-2.2%
Mar 2024$25.00+11.1%
Apr 2024$27.50+10.0%
May 2024$32.00+16.4%
Jun 2024$29.00-9.4%
Jul 2024$28.50-1.7%
Aug 2024$28.00-1.8%
Sep 2024$31.00+10.7%
Oct 2024$34.00+9.7%
Nov 2024$31.00-8.8%
Dec 2024$29.32-5.4%

What Happened to Silver in 2024?

Silver surged to its highest level since 2012, peaking above $34 in October as industrial demand from solar continued to set records, physical deficits persisted for a third consecutive year, and expectations for Fed rate cuts drove investment demand. Silver significantly outperformed gold in the second half, compressing the gold/silver ratio from 90 to 85. The Energy Transition narrative became a dominant theme in silver market coverage.

Browse All Years

2000-13.8%2001-1.1%2002+6%2003+24.6%2004+13.4%2005+30.5%2006+46.1%2007+14.4%2008-24.6%2009+55.8%2010+83.4%2011-8%2012+6.3%2013-34.9%2014-18.1%2015-13.5%2016+15.7%2017+0.1%2018-3.4%2019+15.4%2020+47.9%2021-11.6%2022+2.7%2023+2.8%2024+19%2025+6.4%2026+3.1%

Related Pages

Live Silver PriceAll Historical YearsGold Price HistoryGold/Silver Ratio