How to Use This Chart

Our 1-year silver chart is designed to be simple, flexible, and straightforward to use. You can examine any datapoint on the chart for more specifics by hovering over it, zoom in further with the slider beneath the chart, or compare it against other financial metrics, such as the price of crude oil or the S&P 500.

Here are some of the terms you’ll see on the chart:

• Ask: The ask price is the lowest price that sellers will accept for a troy ounce of silver. For you, the buyer, this price will serve as the foundational value for what you will pay to the dealer (after he or she adds their premium to it). The ask price is sometimes referred to as the spot price, which is slightly inaccurate, but it is almost always the market price cited by dealers and market observers.
• Bid: The bid price is the highest price that buyers will pay for a troy ounce of silver. In this case, it is the baseline that you can get from dealers if you go to sell your silver. The bid price is never higher than the ask price and may be much lower if the market is not particularly liquid.
• High: The high price is, unsurprisingly, the highest price that silver has reached during the current day of trading. It is updated throughout the day as the price achieves new marks.
• Low: The low price is, obviously, the lowest price that silver has reached during the current day of trading. Like the high price, it is updated as the situation demands.
• Percentage Change: The percentage change is an expression of how the current price relates to the closing price from the previous day of trading.

More: Today’s Silver Price – 5 Year Silver Chart – 10 Year Silver Chart – 20 Year Silver Chart – 30 Year Silver Chart

The past 12 months have witnessed a remarkable period in silver’s price history. Our chart enables you to view all the peaks and valleys in detail.

It’s essential to recognize, however, that the chart has its limitations. All the measures mentioned above are only for the current day, not the entire year.

Key Dates in the Last 12 Months

Over the last 12 months, there have been several notable highs and lows in the price of silver. In fact, silver reached a 13-year high in June 2025, and there have been several other impactful moments during the period.

The following timeline highlights each major price movement along with its underlying economic and market drivers:

• August 7, 2024 – $26.61: The lowest price that silver has reached in the past 12 months. The nadir occurred in response to a stronger dollar and investor uncertainty about whether a cut to the federal interest rate in September 2024 was forthcoming.
• October 22, 2024 – $34.85: As it turned out, a cut was in the works. The Fed reduced the federal target rate by 50 basis points (0.5%) during its September meeting, causing silver prices to surge back over $30/oz. Investors, emboldened by the September cut, anticipated further reductions in the target range in November 2024 and continued to buy silver. In addition, growing industrial demand for solar panels and an ongoing supply shortage boosted silver’s price by more than $8/oz (30.97%) in fewer than 90 days.
• December 31, 2024/January 1, 2025 – $28.92: As a testament to silver’s price volatility, the price returned to sub-$29/oz levels by the end of 2024. One of the reasons for the dip was that investor expectations had risen, anticipating the Fed might slow its general policy of reducing interest rates. Additionally, there were likely numerous selloffs as investors took profits at the end of the year.
• April 4, 2025 – $29.58: After growing steadily throughout the first part of 2025, silver prices experienced a sharp decline in early April. The precipitating issue for the price drop was the introduction of President Trump’s widespread tariff policy on many of the world’s largest countries. Though silver doesn’t respond strongly to such changes directly, investors began dumping their silver reserves due to the expected pinch that the tariffs would place on the industrial demand for silver.
• September 22, 2025 – $44.31: Though industrial demand continues to grow and take silver’s price with it, the factor behind the most recent rally is geopolitical. Namely, the civil situations in both the United States and abroad appear to be trending calmer, but with increased unrest, many investors are seeking safe havens like silver to protect their assets.

Other tools: Gold-to-Silver Ratio – Fear and Greed Index

Historical Context of the Last 12 Months

Now, looking back at the past years’ worth of silver prices can be quite informative to you, the savvy silver investor. However, the 1-year silver chart does not tell the entire story of silver, and you aren’t able to put the progress of silver in the past 12 months against the history of silver’s price.

Here’s how the 1-year chart measures up across a few key evaluation factors.

• Long-term perspective – LOW: As we mentioned above, the 1-year silver chart is limited in terms of how it reflects the long-term behavior of silver. Looking only at a year’s worth of prices can be risky, as there may be trends or factors at play that take more than 12 months to unfold.
• Performance evaluation – VARIABLE: The effectiveness of this chart with respect to evaluating the performance of your investment depends entirely on the time horizon associated with that investment. If you’ve only recently purchased silver, then this chart is likely sufficient for you. However, if your silver investing is more long-term, you probably can’t get all the information you need.
• Correlation with economic factors – MEDIUM: There is always some degree of correlation between precious metals and the status of the economy. Generally, metals like silver tend to move in the opposite direction of the economy in terms of valuation. However, silver doesn’t always behave in the same way due to its industrial demand. Increased calls for solar power (which relies heavily on silver) in the past two years have significantly contributed to silver’s rising price, rather than broader economic metrics.
• Monetary policy impact – LOW: Except in rare circumstances (2011, 2020), a single year of silver trading is unlikely to respond to monetary policy changes like inflation and interest rates. Even in times when there is some effect, silver usually changes less than gold because, frankly, gold is more popular among investors when it comes to defending against the dilution of inflation or lowering interest rates.
• Global economic health – MEDIUM: Silver is certainly a safe haven asset for many investors, and the trade disputes and ongoing wars undoubtedly affected silver’s price and helped contribute to its rise over the past year. However, global economic health’s true effect on silver has to do with the industries the metal serves, as industrial demand tends to wane during poor economic periods.