Silver Price in 2023
The silver price fell 0.0% in 2023, from $23.86 at the end of 2022 to $23.85. Its highest close was $26.04 on May 4, and its lowest $20.01 on Mar 8. The biggest one-day fall was −5.1% on Feb 3 and the biggest rise +7.0% on Mar 13. Adjusted for inflation, it lost 3.3%.
Daily COMEX prices, the year in 12 currencies and festival prices: Silver Price in 2023 →
Silver Price, daily closes 2023
Numbers mark the events belowKey Events in 2023
What happened, and how the Silver moved — on the day (or the next trading day) and about a month later.
- 1
Friday, February 3 From the dataBiggest one-day fall of the year: −5.1%.
- 2
Friday, March 10Silicon Valley Bank fails after a bank run and is placed under FDIC receivership. SourceSilver: +1.7% that day · +24.1% a month later
- 3
Monday, March 13 From the dataBiggest one-day rise of the year: +7.0%.
- 4
Sunday, March 19UBS agrees to take over Credit Suisse in a deal brokered by the Swiss government. SourceSilver: +0.8% next trading day (Mar 20) · +13.0% a month later
- 5
Saturday, October 7Hamas launches attacks on Israel, starting the Gaza war. SourceSilver: +0.9% next trading day (Oct 9) · +7.5% a month later
Biggest days of 2023
| Best days | Worst days | ||
|---|---|---|---|
| Mar 13 | +7.0% | Feb 3 | −5.1% |
| Dec 14 | +6.4% | May 11 | −4.7% |
| Apr 4 | +4.5% | Oct 2 | −4.6% |
| Jul 12 | +4.5% | Mar 7 | −4.4% |
| Oct 13 | +4.3% | Dec 4 | −3.7% |
Volatility: 25.9% (annualised standard deviation of daily changes).
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | $23.75 | −0.5% |
| Feb | $20.96 | −11.7% |
| Mar | $24.08 | +14.9% |
| Apr | $25.00 | +3.8% |
| May | $23.47 | −6.1% |
| Jun | $22.81 | −2.8% |
| Jul | $24.85 | +9.0% |
| Aug | $24.47 | −1.5% |
| Sep | $22.24 | −9.1% |
| Oct | $22.84 | +2.7% |
| Nov | $25.29 | +10.7% |
| Dec | $23.85 | −5.7% |
Other Markets in 2023
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| Silver Price | 0.0% | $23.85 |
| Dow Jones Industrial Average in 2023 | +13.7% | 37,689.54 |
| S&P 500 in 2023 | +24.2% | 4,769.83 |
| Nasdaq Composite in 2023 | +43.4% | 15,011.35 |
| Russell 2000 in 2023 | +15.1% | 2,027.07 |
| Nikkei 225 in 2023 | +28.2% | 33,464.17 |
| Gold in 2023 | +13.4% | $2,071.80 |
| WTI crude oil in 2023 | −10.7% | $71.65 |
| Brent crude oil in 2023 | −10.3% | $77.04 |
| US 10-year Treasury yield in 2023 | −0.01 pp | 3.87% |
Silver Price in 2023: FAQ
How much did the silver price fall in 2023?
The silver price fell 0.0% in 2023, from $23.86 at the end of 2022 to $23.85. Its highest close was $26.04 on May 4, and its lowest $20.01 on Mar 8. The biggest one-day fall was −5.1% on Feb 3 and the biggest rise +7.0% on Mar 13. Adjusted for inflation, it lost 3.3%.
What were the highest and lowest closes of the silver price in 2023?
Highest: $26.04 on May 4, 2023. Lowest: $20.01 on March 8, 2023. It closed higher on 120 of 250 trading days.
What happened to the silver price on March 10, 2023?
Silicon Valley Bank fails after a bank run and is placed under FDIC receivership. The silver price rose 1.7% that day, and was +24.1% 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.