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Silver Price in 2021

In 2021, the price of silver averaged $25.14 per troy ounce, up 22.3% from the year before. This page covers the 2021 average, high, low, and year-end close, the events that moved the market, and what that silver would be worth in today's dollars.

2021 Average

$25.14

LBMA annual average, USD/oz

Change vs 2020

+22.3%

from $20.55 in 2020

2021 High

$30.14

from daily trading data

2021 Low

$21.42

from daily trading data

Year-End Close

$23.31

last trading day of 2021

What happened to the silver price in 2021

Silver averaged $25.14 per troy ounce in 2021, climbing 22.3% from the $20.55 average of 2020. Daily trading data shows silver moved between a low of $21.42 and a high of $30.14 during the year, ending 2021 at $23.31. The notable development of 2021: Reddit WallStreetBets silver squeeze.

The 2020s have been silver's most dramatic decade since the 1980s. A pandemic crash to $12, the Reddit squeeze of 2021, and surging solar demand set the stage for the late 2025 breakout that finally cleared the 1980 record.

Adjusted for inflation, silver's 2021 average of $25.14 equals about $30 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

Frequently Asked Questions

What was the price of silver in 2021?
Silver averaged $25.14 per troy ounce in 2021, based on LBMA annual average data. Daily prices ranged from a low of $21.42 to a high of $30.14, and the year closed at $23.31. That average was up 22.3% from $20.55 in 2020.
What is a 2021 silver price worth in today's dollars?
Adjusted with the US Consumer Price Index, silver's 2021 average of $25.14 works out to roughly $30 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
What moved the silver price in 2021?
The defining story of 2021: Reddit WallStreetBets silver squeeze. Against that backdrop, the annual average climbed 22.3%, from $20.55 in 2020 to $25.14.

Annual averages are LBMA prices per troy ounce in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.