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Silver Price in 1976

The silver price rose 4.2% in 1976, from $4.18 at the end of 1975 to $4.36. Its highest close was $5.08 on Jul 7, and its lowest $3.83 on Jan 21. The biggest one-day fall was −5.9% on Jul 20 and the biggest rise +5.0% on Sep 2. Adjusted for inflation, it lost 0.6%.

Change in 1976
+4.2%
$4.18 → $4.36
High
$5.08
Jul 7
Low
$3.83
Jan 21
After inflation
−0.6%
US CPI
Up days
123 of 255
longest run 4 up, 6 down
Below record
-35.6%
at the end of 1976

Silver Price, daily closes 1976

Numbers mark the events below
$4$4$5JanFebMarAprMayJunJulAugSepOctNovDec1Jan 8: IMF Interim Committee meeting in Jamaica ends with the Jamaica Accords on floating rates and gold.2Jan 21: Bear market low: $3.83, 26.5% below the peak.3Jun 2: IMF holds its first gold auction to sell part of its gold holdings.4Jul 20: Biggest one-day fall of the year: −5.9%.5Sep 2: Biggest one-day rise of the year: +5.0%.6Nov 2: Jimmy Carter is elected US president.

Key Events in 1976

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

  1. 1
    Thursday, January 8
    IMF Interim Committee meeting in Jamaica ends with the Jamaica Accords on floating rates and gold. Source
    Silver: 0.0% that day · −7.7% a month later
  2. 2
    Wednesday, January 21 From the data
    Bear market low: $3.83, 26.5% below the peak.
  3. 3
    Wednesday, June 2
    IMF holds its first gold auction to sell part of its gold holdings. Source
    Silver: −0.6% that day · +3.3% a month later
  4. 4
    Tuesday, July 20 From the data
    Biggest one-day fall of the year: −5.9%.
  5. 5
    Thursday, September 2 From the data
    Biggest one-day rise of the year: +5.0%.
  6. 6
    Tuesday, November 2
    Jimmy Carter is elected US president. Source
    Silver: −0.1% that day · −0.4% a month later

Biggest days of 1976

Best daysWorst days
Sep 2+5.0%Jul 20−5.9%
Apr 13+4.1%Aug 3−4.9%
Jun 8+3.8%Nov 16−4.5%
Apr 27+3.8%Jan 20−4.3%
May 27+3.6%Sep 9−3.8%

Volatility: 25.1% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$4.01−4.0%$4.27$3.83
Feb$4.16+3.8%$4.26$3.94
Mar$4.11−1.3%$4.30$4.03
Apr$4.43+7.9%$4.57$4.09
May$4.62+4.3%$4.67$4.36
Jun$4.83+4.6%$4.94$4.63
Jul$4.54−6.0%$5.08$4.44
Aug$4.11−9.6%$4.47$4.11
Sep$4.39+6.9%$4.45$4.09
Oct$4.27−2.7%$4.36$4.13
Nov$4.28+0.2%$4.57$4.25
Dec$4.36+1.8%$4.39$4.24

Other Markets in 1976

Change over the calendar year.

MarketChangeYear-end
Silver Price+4.2%$4.36
Dow Jones Industrial Average in 1976+17.9%1,004.65
S&P 500 in 1976+19.1%107.46
Nasdaq Composite in 1976+26.1%97.88
Gold in 1976−4.1%$134.50
US 10-year Treasury yield in 1976−0.95 pp6.81%
1970197119721973197419751976197719781979

Silver Price in 1976: FAQ

How much did the silver price rise in 1976?

The silver price rose 4.2% in 1976, from $4.18 at the end of 1975 to $4.36. Its highest close was $5.08 on Jul 7, and its lowest $3.83 on Jan 21. The biggest one-day fall was −5.9% on Jul 20 and the biggest rise +5.0% on Sep 2. Adjusted for inflation, it lost 0.6%.

What were the highest and lowest closes of the silver price in 1976?

Highest: $5.08 on July 7, 1976. Lowest: $3.83 on January 21, 1976. It closed higher on 123 of 255 trading days.

What happened to the silver price on June 2, 1976?

IMF holds its first gold auction to sell part of its gold holdings. The silver price fell 0.6% that day, and was +3.3% 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.