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Silver ranged between $20.96 and $25.29 per troy ounce during 2023, averaging $23.70 across 10 trading days. It finished the period at $23.85, down 0.04% from $23.86.
The strongest session of 2023 was 1 March 2023 at +14.86%, and the weakest 1 February 2023 at -12.16%.
Twelve months earlier silver traded around $23.86, making this a -0.04% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 February 2023 | $20.96 | −$2.901 |
| 1 March 2023 | $24.08 | +$3.115 |
| 1 April 2023 | $25.00 | +$0.923 |
| 1 May 2023 | $23.47 | −$1.525 |
| 1 June 2023 | $22.81 | −$0.664 |
| 1 July 2023 | $24.85 | +$2.044 |
| 1 August 2023 | $24.47 | −$0.382 |
| 1 September 2023 | $22.24 | −$2.236 |
| 1 November 2023 | $25.29 | +$3.057 |
| 1 December 2023 | $23.85 | −$1.440 |
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 2023 at $23.85 per troy ounce, having fallen $0.01 (0.04%) over the year. It has traded between $20.96 and $25.29 across 10 trading days.
The average silver closing price in 2023 was $23.70 per troy ounce, calculated across all 10 trading days in the year.
Silver reached its highest close of 2023 at $25.29 per troy ounce on 1 November 2023.
The lowest silver close in 2023 was $20.96 per troy ounce on 1 February 2023.
Silver fell during 2023. It entered the year at $23.86 and closed at $23.85, a change of -0.04%.
Silver closed higher on 4 sessions and lower on 6 during 2023. The strongest session was 1 March 2023 (+14.86%) and the weakest 1 February 2023 (-12.16%).
Daily closes in 2023 varied with a standard deviation of 9.51% per session, and the peak-to-trough spread across the year was 20.7% ($20.96 to $25.29).
At the 2023 close of $23.85 per troy ounce, silver worked out at about $0.77 per gram and $766.89 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 82.5 through 2023 and finished the year near 86.5. A higher ratio means silver is cheap relative to gold.
Silver was around $23.86 per troy ounce twelve months before the end of 2023. Closing at $23.85 makes that a decline of 0.0% year on year.