The chart on this page is a year-by-year record of the silver price for the past decade. We also have information about the various factors that may cause the price to fluctuate.

First, it is worth noting that silver’s value has been undeniably increasing over the past decade. An investor who purchased in 2015 would have seen their holdings roughly double in value over the period.

At the same time, silver’s high price volatility is also on display during these years. Four out of the ten years ended with lower silver prices than at their beginnings, and the swings in price could sometimes be quite dramatic.

Use this chart and the information on this page to get a better grasp on both the what and the why behind the price of silver. If nothing else, it will prepare you for the rollercoaster offered by silver investing.

Note: As 2025 is ongoing, we are not including it in the chart. However, we discuss the current year’s performance in the section below.

2025 has been a significant one in the movement of silver’s price. Silver moved back above $35/oz – all the way to $36.74/oz – in June 2025 but wasn’t to be the highest mark for the year. Only three months later, in September 2025, silver closed at $44.31/oz.

It may be poised to set a new all-time record in the near future – a record that has stood tall since April 2011, the depth of the Great Recession. As indicated by the table, silver has gone through many different chapters in the past 10 years, so we’ve chosen to consider its performance using the following measures:

• Year Open: The closing price for the first day of trading during the year. For the most part, January 1 is the first day of the year, but weekends that coincide with the first day of the year may push the first trading day out to the 2nd or 3rd.
• Year High: The highest closing price that silver’s price reaches during the 365 days of the year. The yearly high price is instructive as a partial measure of the volatility of silver’s price during the period but take it with a grain of salt – it may just be a temporary spike, rather than an indication of a new price paradigm.
• Year Low: The lowest closing price during the year. This element is the other part of the volatility picture and can give you a sense about how dramatically silver’s price moves, although it requires the same grain of salt as the yearly high.
• Year Close: The final mark for the final day of the year’s trading. This price is almost always reached on December 31 but may be adjusted by one or two days in cases of weekends.
• Annual Percentage Change: The most instructive measure, this number is a succinct report about the direction that silver’s price moved during the calendar year. However, take note that silver is much more likely to oscillate between price increases and price decreases than gold, so you may want to take an average of the years you are examining.

More: Today’s Silver Price – 1 Year Silver Price Chart – 5 Year Silver Chart – 10 Year Silver Chart – 30 Year Silver Chart

Key Dates

The world looks entirely different than it did 10 years ago. Therefore, it stands to reason that the price of silver has experienced many fluctuations during the same time period. Let’s discuss some of the more prominent dates in silver’s price over the past decade.

• August 2, 2016 – $20.63: The price of silver tends to move inversely with the level of uncertainty that investors feel about their chosen assets. In this case, the passage of the Brexit referendum in July caused significant nervousness and sent investors toward both gold and silver. This spike would be the last time silver rose above $20/oz for the next four years.
• March 19, 2020 – $12.12: The lowest price silver ever had in the past decade marked one of the most impactful historical events in most of our lifetimes. The official onset of the COVID-19 pandemic instilled widespread fear globally and triggered panicked shutdowns in most of the world’s major economies. With the cessation of business, the industrial demand for silver, which underlies its value, came to a halt and caused the price of silver to nosedive.
• August 6, 2020 – $29.78: Five months of the pandemic created a different type of demand for silver. The ongoing slow or paused economies prompted investors to seek more tangible stores of wealth. It’s no surprise that gold set a record price on the very same day.
• May 17, 2024 – $31.51: Silver’s price moved above $30/oz for the first time in the past 10 years and, in fact, for the first time since 2013. The spike reflected a shortage of silver, where the demand for it exceeds the available supply. This condition had been present for several consecutive years but was exacerbated by an increasing interest and demand for green energy alternatives. Silver is a critical resource for the photovoltaic cells used in solar panels, and the growing need for this power source generated increased industrial demand and more pressure on the depleted resources.
• September 29, 2025 – ~$46.42: As gold blasted past $3,800/oz, silver followed, surging above $46/oz on the COMEX futures close — a new all-time high. The broader rally was supported by a combination of dollar weakness, aggressive rate cut expectations, robust industrial demand, and escalating global uncertainty. (COMEX silver December futures closed at $46.42 on September 29, 2025.)

Historical Context of 10-year Silver Charts

• Long term perspective: A decade of closing prices for silver yields a much richer understanding of silver’s price and the context in which it sits. The price peak reached in June 2025 may have seemed impressive in terms of the year-to-date performance but takes on a different meaning when it becomes the highest price of silver for the past 10 years (and more). Obviously, those who bought silver in March 2020 are happy now, but anyone who purchased silver during the second half of the 2010s would be, too.
• Performance evaluation: In addition to the context you get from the different price points silver has hit during the past 10 years, you can also glean an idea about the price volatility of silver. Silver is a much more volatile asset than gold, and its value can fluctuate significantly in a short period. Case in point: the $31.51 peak in 2024 represented a 6% increase in silver prices from the previous day.
• Correlation of economic factors: A view of the past 10 years of silver prices also allows us to see how silver is affected by its correlation with economic factors. The price spike in August 2016 was a direct result of the UK’s decision to leave the European Union (Brexit), and the economic realities of the COVID-19 pandemic produced both the lowest price of the decade and one of the biggest peaks during the same period. However, it is essential to recognize that the correlation is more indirect than gold’s connection to the economy, as silver is significantly influenced by the industrial demand prevalent during these conditions.
• Monetary policy impacts: It is possible to see movements of silver’s price according to changes to monetary policy – particularly when they occur in the US. For instance, silver experienced a notable dip in 2022, in response to the Federal Reserve increasing the target range for interest rates and a strengthening of the US dollar. Again – the effects aren’t as direct as they are with gold, but changes to monetary policy can impact silver’s price significantly.
• Global economic health: This context is fairly evident at this point. Silver’s price has noticeably moved in opposition to the health of the global economy, particularly when the economy has turned south. We’ve already discussed the COVID effects, but – if we cheat a bit – the Great Recession of the late 2000s and early 2010s – produced the highest silver prices ever recorded, and the apex reached during that period remains the all-time high price to this day.