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
Silver Price Chart, 2005 to 2025
Silver Price by Month in 2022
Each month's average of daily closing prices, with its high and low, per troy ounce. These come from MetalCharts daily spot data, so they can differ slightly from the annual average above, which is based on LBMA annual average data.
| Month | Average | High | Low |
|---|---|---|---|
| January 2022 | $23.15 | $24.70 | $21.95 |
| February 2022 | $23.53 | $25.62 | $22.01 |
| March 2022 | $25.31 | $26.95 | $23.97 |
| April 2022 | $24.53 | $26.22 | $22.68 |
| May 2022 | $21.88 | $23.28 | $20.46 |
| June 2022 | $21.51 | $22.52 | $20.21 |
| July 2022 | $19.11 | $20.37 | $18.14 |
| August 2022 | $19.69 | $20.87 | $17.94 |
| September 2022 | $18.90 | $20.01 | $17.56 |
| October 2022 | $19.44 | $21.24 | $18.09 |
| November 2022 | $21.07 | $22.25 | $18.84 |
| December 2022 | $23.37 | $24.30 | $22.02 |
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?
What is a 2022 silver price worth in today's dollars?
What moved the silver price in 2022?
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.