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Silver Price in 2025 | Historical Silver Prices
Annual summary, monthly averages, and key events that shaped silver prices in 2025
Jan 1
$29.32
Opening Price
Dec 31
$31.20
Closing Price
Year High
$36.50
Annual High
Year Low
$28.10
Annual Low
Annual Avg
$31.80
Average Price
vs 2024
+6.4%
Annual Change
Monthly Silver Price Chart — 2025
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Low: $30.00High: $33.00
What Happened to Silver in 2025?
Silver consolidated its 2024 gains and edged higher in 2025 as structural physical deficits continued for a fourth consecutive year. Solar demand reached a new record above 200 million ounces for the year. The Federal Reserve began cutting rates, supporting investment demand. Gold hit multiple all-time highs, and silver followed directionally while the gold/silver ratio remained elevated between 88 and 96.