Silver prices averaged USD 77.94 per troy ounce in May, up 2.9% from April. On 29 May, the commodity traded at USD 75.95 per troy ounce, up 3.0% from 30 April.
Average silver prices rose in May for the first time in four months, making it the only precious metal to post gains last month. The rally was likely linked to industrial demand optimism as well as supply concerns from Peru, which is among the world’s largest silver producers; energy shortages in the Andean nation threaten to disrupt mine production. Still, increasing forecasts for the future Fed funds rate likely capped gains for the non-yielding metal.
This chart displays Silver (US$/toz) from 2024 to 2026.
Handy & Harman Silver (prices in US$/toz, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Handy & Harman Silver | - | - | - | - | - | 28.81 | 29.45 | 31.32 | 31.86 | 33.78 | 39.57 | 55.35 |