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Silver ranged between $14.90 and $28.44 per troy ounce during 2020, averaging $21.22 across 10 trading days. It finished the period at $26.33, up 55.18% from $16.97.
The strongest session of 2020 was 1 July 2020 at +30.46%, and the weakest 1 September 2020 at -17.60%.
Twelve months earlier silver traded around $16.97, making this a +55.18% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 January 2020 | $17.97 | +$1.003 |
| 1 February 2020 | $16.39 | −$1.585 |
| 1 April 2020 | $14.90 | −$1.489 |
| 1 May 2020 | $18.44 | +$3.542 |
| 1 June 2020 | $18.54 | +$0.101 |
| 1 July 2020 | $24.19 | +$5.648 |
| 1 August 2020 | $28.44 | +$4.248 |
| 1 September 2020 | $23.43 | −$5.004 |
| 1 October 2020 | $23.62 | +$0.184 |
| 1 December 2020 | $26.33 | +$2.715 |
Source: Yahoo Finance (COMEX futures). Figures are indicative reference prices, not trading quotes.
Figures in this section are shown in USD, independent of the currency selected above.
Silver finished 2020 at $26.33 per troy ounce, having risen $9.36 (55.18%) over the year. It has traded between $14.90 and $28.44 across 10 trading days.
The average silver closing price in 2020 was $21.22 per troy ounce, calculated across all 10 trading days in the year.
Silver reached its highest close of 2020 at $28.44 per troy ounce on 1 August 2020.
The lowest silver close in 2020 was $14.90 per troy ounce on 1 April 2020.
Silver rose during 2020. It entered the year at $16.97 and closed at $26.33, a change of 55.18%.
Silver closed higher on 7 sessions and lower on 3 during 2020. The strongest session was 1 July 2020 (+30.46%) and the weakest 1 September 2020 (-17.60%).
Daily closes in 2020 varied with a standard deviation of 15.41% per session, and the peak-to-trough spread across the year was 90.9% ($14.90 to $28.44).
At the 2020 close of $26.33 per troy ounce, silver worked out at about $0.85 per gram and $846.59 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 87.0 through 2020 and finished the year near 71.9. A higher ratio means silver is cheap relative to gold.
Silver was around $16.97 per troy ounce twelve months before the end of 2020. Closing at $26.33 makes that a gain of 55.2% year on year.