CorganoGold Price
Market open
Gold4,110.99−0.68%Silver57.00−1.65%Platinum1,604.31−1.59%Palladium1,072.60−1.93%
Gold/Silver72.13
DXY101.72−0.06%
US10Y5.15%+0.57%
WTI98.17+1.05%
S&P 5007,757+0.58%
Dow52,856+0.69%
Bitcoin83,498−0.63%
VIX16.68−3.64%

Silver Price in 2020

The silver price rose 47.7% in 2020, from $17.83 at the end of 2019 to $26.33. Its highest close was $29.25 on Aug 10, and its lowest $11.74 on Mar 18. The biggest one-day fall was −11.6% on Mar 16 and the biggest rise +7.6% on Mar 24. Adjusted for inflation, it gained 45.7%.

Daily COMEX prices, the year in 12 currencies and festival prices: Silver Price in 2020 →

Change in 2020
+47.7%
$17.83 → $26.33
High
$29.25
Aug 10
Low
$11.74
Mar 18
After inflation
+45.7%
US CPI
Up days
140 of 253
longest run 7 up, 9 down
Below record
-46.8%
at the end of 2020

Silver Price, daily closes 2020

Numbers mark the events below
$13$20$28JanFebMarAprMayJunJulAugSepOctNovDec1Mar 11: World Health Organization declares COVID-19 a pandemic.2Mar 13: Enters a bear market: 20% below its peak of $19.39 (September 4, 2019).3Mar 16: Biggest one-day fall of the year: −11.6%.4Mar 18: Bear market low: $11.74, 39.5% below the peak.5Mar 24: Biggest one-day rise of the year: +7.6%.6Mar 27: President Trump signs the $2.2 trillion CARES Act economic relief bill.7Jul 13: Back above its pre-bear-market peak of $19.39 (September 4, 2019).8Jul 21: Back above its pre-bear-market peak of $20.62 (August 2, 2016).9Aug 4: Gold rises above $2,000 an ounce for the first time.10Aug 4: Back above its pre-bear-market peak of $24.74 (August 28, 2013).11Sep 23: Enters a bear market: 20% below its peak of $29.25 (August 10, 2020).12Nov 9: Pfizer and BioNTech report their COVID-19 vaccine is more than 90% effective; US stock indexes hit record highs.13Nov 30: Bear market low: $22.53, 23.0% below the peak.

Key Events in 2020

What happened, and how the Silver moved — on the day (or the next trading day) and about a month later.

  1. 1
    Wednesday, March 11
    World Health Organization declares COVID-19 a pandemic. Source
    Silver: −1.0% that day · −10.4% a month later
  2. 2
    Friday, March 13 From the data
    Enters a bear market: 20% below its peak of $19.39 (September 4, 2019).
  3. 3
    Monday, March 16 From the data
    Biggest one-day fall of the year: −11.6%.
  4. 4
    Wednesday, March 18 From the data
    Bear market low: $11.74, 39.5% below the peak.
  5. 5
    Tuesday, March 24 From the data
    Biggest one-day rise of the year: +7.6%.
  6. 6
    Friday, March 27
    President Trump signs the $2.2 trillion CARES Act economic relief bill. Source
    Silver: −1.0% that day · +3.8% a month later
  7. 7
    Monday, July 13 From the data
    Back above its pre-bear-market peak of $19.39 (September 4, 2019).
  8. 8
    Tuesday, July 21 From the data
    Back above its pre-bear-market peak of $20.62 (August 2, 2016).
  9. 9
    Tuesday, August 4
    Gold rises above $2,000 an ounce for the first time. Source
    Silver: +6.7% that day · +16.8% a month later
  10. 10
    Tuesday, August 4 From the data
    Back above its pre-bear-market peak of $24.74 (August 28, 2013).
  11. 11
    Wednesday, September 23 From the data
    Enters a bear market: 20% below its peak of $29.25 (August 10, 2020).
  12. 12
    Monday, November 9
    Pfizer and BioNTech report their COVID-19 vaccine is more than 90% effective; US stock indexes hit record highs. Source
    Silver: −7.6% that day · −3.8% a month later
  13. 13
    Monday, November 30 From the data
    Bear market low: $22.53, 23.0% below the peak.

Biggest days of 2020

Best daysWorst days
Mar 24+7.6%Mar 16−11.6%
Jul 22+7.4%Aug 11−11.0%
Jul 27+7.3%Sep 21−10.1%
Mar 23+7.1%Mar 13−9.4%
Jul 21+6.8%Nov 9−7.6%

Volatility: 46.0% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$17.97+0.8%$18.32$17.40
Feb$16.39−8.8%$18.87$16.39
Mar$14.10−14.0%$17.34$11.74
Apr$14.90+5.7%$16.07$13.93
May$18.44+23.8%$18.44$14.72
Jun$18.54+0.5%$18.77$17.38
Jul$24.19+30.5%$24.48$18.13
Aug$28.44+17.6%$29.25$24.39
Sep$23.43−17.6%$28.49$23.01
Oct$23.62+0.8%$25.23$23.32
Nov$22.53−4.6%$25.65$22.53
Dec$26.33+16.9%$26.49$23.93

Other Markets in 2020

Change over the calendar year.

MarketChangeYear-end
Silver Price+47.7%$26.33
Dow Jones Industrial Average in 2020+7.2%30,606.48
S&P 500 in 2020+16.3%3,756.07
Nasdaq Composite in 2020+43.6%12,888.28
Russell 2000 in 2020+18.4%1,974.86
Nikkei 225 in 2020+16.0%27,444.17
Gold in 2020+24.7%$1,895.10
WTI crude oil in 2020−20.5%$48.52
Brent crude oil in 2020−21.5%$51.80
US 10-year Treasury yield in 2020−1.00 pp0.92%
2020202120222023202420252026

Silver Price in 2020: FAQ

How much did the silver price rise in 2020?

The silver price rose 47.7% in 2020, from $17.83 at the end of 2019 to $26.33. Its highest close was $29.25 on Aug 10, and its lowest $11.74 on Mar 18. The biggest one-day fall was −11.6% on Mar 16 and the biggest rise +7.6% on Mar 24. Adjusted for inflation, it gained 45.7%.

What were the highest and lowest closes of the silver price in 2020?

Highest: $29.25 on August 10, 2020. Lowest: $11.74 on March 18, 2020. It closed higher on 140 of 253 trading days.

What happened to the silver price on November 9, 2020?

Pfizer and BioNTech report their COVID-19 vaccine is more than 90% effective; US stock indexes hit record highs. The silver price fell 7.6% that day, and was −3.8% a month later.

Data: London silver fix from 1968 to Jan 2018 (gaps filled with Perth Mint spot), COMEX silver futures closes after that. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.