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Silver Price in 2024

The silver price rose 21.3% in 2024, from $23.85 at the end of 2023 to $28.94. Its highest close was $34.83 on Oct 22, and its lowest $22.10 on Feb 13. The biggest one-day fall was −6.1% on Jun 7 and the biggest rise +5.4% on May 28. Adjusted for inflation, it gained 17.9%.

Daily COMEX prices, the year in 12 currencies and festival prices: Silver Price in 2024 →

Change in 2024
+21.3%
$23.85 → $28.94
High
$34.83
Oct 22
Low
$22.10
Feb 13
After inflation
+17.9%
US CPI
Up days
135 of 252
longest run 13 up, 5 down
Below record
-41.5%
at the end of 2024

Silver Price, daily closes 2024

Numbers mark the events below
$23$28$34JanFebMarAprMayJunJulAugSepOctNovDec1Apr 3: Back above its pre-bear-market peak of $26.89 (March 8, 2022).2May 15: Back above its pre-bear-market peak of $29.40 (February 1, 2021).3May 28: Biggest one-day rise of the year: +5.4%.4Jun 7: Biggest one-day fall of the year: −6.1%.5Nov 5: Donald Trump wins the US presidential election.

Key Events in 2024

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

  1. 1
    Wednesday, April 3 From the data
    Back above its pre-bear-market peak of $26.89 (March 8, 2022).
  2. 2
    Wednesday, May 15 From the data
    Back above its pre-bear-market peak of $29.40 (February 1, 2021).
  3. 3
    Tuesday, May 28 From the data
    Biggest one-day rise of the year: +5.4%.
  4. 4
    Friday, June 7 From the data
    Biggest one-day fall of the year: −6.1%.
  5. 5
    Tuesday, November 5
    Donald Trump wins the US presidential election. Source
    Silver: +0.5% that day · −3.0% a month later

Biggest days of 2024

Best daysWorst days
May 28+5.4%Jun 7−6.1%
May 17+4.7%Apr 22−5.5%
Oct 18+4.6%Jul 25−4.5%
Apr 3+4.4%Nov 6−4.4%
Sep 24+4.4%Oct 8−4.4%

Volatility: 31.1% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$23.05−3.4%$23.73$22.16
Feb$22.67−1.7%$23.44$22.10
Mar$24.80+9.4%$25.20$23.15
Apr$26.39+6.4%$28.81$24.95
May$30.30+14.8%$32.21$26.45
Jun$29.24−3.5%$31.25$28.84
Jul$28.78−1.6%$31.39$27.70
Aug$28.73−0.2%$29.98$26.83
Sep$31.16+8.5%$32.11$27.81
Oct$32.65+4.8%$34.83$30.36
Nov$30.69−6.0%$32.66$30.11
Dec$28.94−5.7%$32.56$28.94

Other Markets in 2024

Change over the calendar year.

MarketChangeYear-end
Silver Price+21.3%$28.94
Dow Jones Industrial Average in 2024+12.9%42,544.22
S&P 500 in 2024+23.3%5,881.63
Nasdaq Composite in 2024+28.6%19,310.79
Russell 2000 in 2024+10.0%2,230.16
Nikkei 225 in 2024+19.2%39,894.54
Gold in 2024+27.5%$2,641.00
WTI crude oil in 2024+0.1%$71.72
Brent crude oil in 2024−3.1%$74.64
US 10-year Treasury yield in 2024+0.71 pp4.57%
2020202120222023202420252026

Silver Price in 2024: FAQ

How much did the silver price rise in 2024?

The silver price rose 21.3% in 2024, from $23.85 at the end of 2023 to $28.94. Its highest close was $34.83 on Oct 22, and its lowest $22.10 on Feb 13. The biggest one-day fall was −6.1% on Jun 7 and the biggest rise +5.4% on May 28. Adjusted for inflation, it gained 17.9%.

What were the highest and lowest closes of the silver price in 2024?

Highest: $34.83 on October 22, 2024. Lowest: $22.10 on February 13, 2024. It closed higher on 135 of 252 trading days.

What happened to the silver price on November 5, 2024?

Donald Trump wins the US presidential election. The silver price rose 0.5% that day, and was −3.0% 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.