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Silver Price in 1972

The silver price rose 48.1% in 1972, from $1.37 at the end of 1971 to $2.03. Its highest close was $2.03 on Dec 29, and its lowest $1.37 on Jan 3. The biggest one-day fall was −4.2% on Sep 18 and the biggest rise +5.4% on Jul 28. Adjusted for inflation, it gained 43.3%.

Change in 1972
+48.1%
$1.37 → $2.03
High
$2.03
Dec 29
Low
$1.37
Jan 3
After inflation
+43.3%
US CPI
Up days
132 of 252
longest run 5 up, 5 down
Below record
-21.2%
at the end of 1972

Silver Price, daily closes 1972

Numbers mark the events below
$1$2$2JanFebMarAprMayJunJulAugSepOctNovDec1May 16: CME's International Monetary Market begins trading foreign currency futures.2Jun 23: Britain announces it will let the pound float.3Jul 28: Biggest one-day rise of the year: +5.4%.4Sep 18: Biggest one-day fall of the year: −4.2%.5Nov 7: Richard Nixon is re-elected US president.6Dec 22: Back above its pre-bear-market peak of $2.00 (November 3, 1969).

Key Events in 1972

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

  1. 1
    Tuesday, May 16
    CME's International Monetary Market begins trading foreign currency futures. Source
    Silver: +0.4% that day · −0.3% a month later
  2. 2
    Friday, June 23
    Britain announces it will let the pound float. Source
    Silver: +0.6% next trading day (Jun 27) · +13.7% a month later
  3. 3
    Friday, July 28 From the data
    Biggest one-day rise of the year: +5.4%.
  4. 4
    Monday, September 18 From the data
    Biggest one-day fall of the year: −4.2%.
  5. 5
    Tuesday, November 7
    Richard Nixon is re-elected US president. Source
    Silver: −1.1% that day · +0.8% a month later
  6. 6
    Friday, December 22 From the data
    Back above its pre-bear-market peak of $2.00 (November 3, 1969).

Biggest days of 1972

Best daysWorst days
Jul 28+5.4%Sep 18−4.2%
Jul 7+4.6%Feb 14−2.8%
Jan 17+3.5%Jul 21−2.3%
Sep 28+3.4%Feb 3−2.1%
Jan 28+3.4%Sep 12−2.1%

Volatility: 19.6% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$1.50+9.3%$1.52$1.37
Feb$1.47−1.9%$1.55$1.47
Mar$1.56+6.3%$1.56$1.48
Apr$1.57+0.6%$1.60$1.54
May$1.55−1.3%$1.60$1.55
Jun$1.56+0.8%$1.59$1.54
Jul$1.83+17.0%$1.84$1.56
Aug$1.91+4.4%$1.91$1.79
Sep$1.74−8.9%$1.91$1.69
Oct$1.80+3.4%$1.85$1.74
Nov$1.85+3.0%$1.86$1.79
Dec$2.03+9.7%$2.03$1.87

Other Markets in 1972

Change over the calendar year.

MarketChangeYear-end
Silver Price+48.1%$2.03
Dow Jones Industrial Average in 1972+14.6%1,020.02
S&P 500 in 1972+15.6%118.05
Nasdaq Composite in 1972+17.2%133.73
Gold in 1972+48.8%$64.90
US 10-year Treasury yield in 1972+0.52 pp6.41%
1970197119721973197419751976197719781979

Silver Price in 1972: FAQ

How much did the silver price rise in 1972?

The silver price rose 48.1% in 1972, from $1.37 at the end of 1971 to $2.03. Its highest close was $2.03 on Dec 29, and its lowest $1.37 on Jan 3. The biggest one-day fall was −4.2% on Sep 18 and the biggest rise +5.4% on Jul 28. Adjusted for inflation, it gained 43.3%.

What were the highest and lowest closes of the silver price in 1972?

Highest: $2.03 on December 29, 1972. Lowest: $1.37 on January 3, 1972. It closed higher on 132 of 252 trading days.

What happened to the silver price on November 7, 1972?

Richard Nixon is re-elected US president. The silver price fell 1.1% that day, and was +0.8% 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.