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Silver Price in 2022

In 2022, the price of silver averaged $21.73 per troy ounce, down 13.6% from the year before. This page covers the 2022 average, high, low, and year-end close, the events that moved the market, and what that silver would be worth in today's dollars.

2022 Average

$21.73

LBMA annual average, USD/oz

Change vs 2021

-13.6%

from $25.14 in 2021

2022 High

$26.95

from daily trading data

2022 Low

$17.56

from daily trading data

Year-End Close

$23.97

last trading day of 2022

What happened to the silver price in 2022

Silver averaged $21.73 per troy ounce in 2022, down 13.6% from $25.14 the year before. Daily trading data shows silver moved between a low of $17.56 and a high of $26.95 during the year, ending 2022 at $23.97. The notable development of 2022: Fed hikes; dollar strength.

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 2022 average of $21.73 equals about $24 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 2022?
Silver averaged $21.73 per troy ounce in 2022, based on LBMA annual average data. Daily prices ranged from a low of $17.56 to a high of $26.95, and the year closed at $23.97. That average was down 13.6% from $25.14 in 2021.
What is a 2022 silver price worth in today's dollars?
Adjusted with the US Consumer Price Index, silver's 2022 average of $21.73 works out to roughly $24 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 2022?
The defining story of 2022: Fed hikes; dollar strength. Against that backdrop, the annual average fell 13.6%, from $25.14 in 2021 to $21.73.

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.