Silver Price in 1968

The silver price fell 10.4% in 1968, from $2.17 at the end of 1967 to $1.95. Its highest close was $2.58 on Jun 12 — a record that stood until June 1, 1973, and its lowest $1.84 on Oct 17. The biggest one-day fall was −14.9% on Mar 18 and the biggest rise +13.4% on Mar 19.

Change in 1968

−10.4%

$2.17 → $1.95

High

$2.58

Jun 12

Low

$1.84

Oct 17

Up days

118 of 251

longest run 7 up, 5 down

Below record

-24.4%

at the end of 1968

Silver Price, daily closes 1968

Numbers mark the events below

Key Events in 1968

What happened, and how the Silver moved — on the day (or the next trading day) and about a month later.

1
Friday, March 15

The London gold market is closed at US request as the London Gold Pool collapses. Source

Silver: −14.9% next trading day (Mar 18) · −7.5% a month later
2
Sunday, March 17

Gold pool nations meeting in Washington agree a two-tier gold market, separating official and private prices. Source

Silver: −14.9% next trading day (Mar 18) · −7.5% a month later
3
Monday, March 18

Congress repeals the requirement that US currency be backed by gold reserves. Source

Silver: −14.9% that day · −7.5% a month later
4
Tuesday, March 19 From the data

Biggest one-day rise of the year: +13.4%.
5
Wednesday, October 9 From the data

Enters a bear market: 20% below its peak of $2.58 (June 12, 1968).

Biggest days of 1968

Best days		Worst days
Mar 19	+13.4%	Mar 18	−14.9%
Mar 13	+6.7%	Mar 20	−6.9%
Aug 14	+6.3%	Nov 26	−5.6%
Mar 1	+5.6%	Oct 22	−4.8%
Oct 21	+5.3%	Jul 9	−4.8%

Volatility: 38.5% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	$1.96	−9.8%	$2.23	$1.96
Feb	$2.08	+6.3%	$2.11	$1.92
Mar	$2.28	+9.3%	$2.49	$2.12
Apr	$2.40	+5.2%	$2.40	$2.10
May	$2.48	+3.6%	$2.55	$2.25
Jun	$2.50	+0.8%	$2.58	$2.42
Jul	$2.29	−8.7%	$2.51	$2.24
Aug	$2.24	−2.0%	$2.33	$2.06
Sep	$2.17	−3.0%	$2.27	$2.17
Oct	$1.93	−11.0%	$2.14	$1.84
Nov	$1.97	+1.8%	$2.11	$1.90
Dec	$1.95	−1.1%	$2.04	$1.94

Other Markets in 1968

Change over the calendar year.

Market	Change	Year-end
Silver Price	−10.4%	$1.95
Dow Jones Industrial Average in 1968	+4.3%	943.75
S&P 500 in 1968	+7.7%	103.86
Gold in 1968	+19.7%	$41.90
US 10-year Treasury yield in 1968	+0.46 pp	6.16%

1968 1969

Silver Price in 1968: FAQ

How much did the silver price fall in 1968?

What were the highest and lowest closes of the silver price in 1968?

Highest: $2.58 on June 12, 1968. Lowest: $1.84 on October 17, 1968. It closed higher on 118 of 251 trading days.

What happened to the silver price on March 15, 1968?

The London gold market is closed at US request as the London Gold Pool collapses. The silver price fell 14.9% on the next trading day (March 18, 1968), and was −7.5% a month later.

Data: London silver fix from 1968 to Jan 2018 (gaps filled with Perth Mint spot), COMEX silver futures closes after that. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.