CorganoGold Price
Free widgets Market open
Gold4,024.24+0.01%Silver54.55−0.10%Platinum1,567.15−0.03%Palladium1,056.51+0.01%
Gold/Silver73.78
DXY101.57−0.04%
US10Y4.95%−3.75%
WTI99.51+0.04%
S&P 5007,663−1.21%
Dow52,868+0.02%
Bitcoin81,270−3.28%
VIX19.03+14.09%

Silver Price in 1983

The silver price fell 18.0% in 1983, from $10.87 at the end of 1982 to $8.91. Its highest close was $14.67 on Feb 15, and its lowest $8.37 on Nov 1. The biggest one-day fall was −11.7% on Feb 28 and the biggest rise +8.8% on Nov 30. Adjusted for inflation, it lost 21.0%.

Change in 1983
−18.0%
$10.87 → $8.91
High
$14.67
Feb 15
Low
$8.37
Nov 1
After inflation
−21.0%
US CPI
Up days
130 of 252
longest run 6 up, 5 down
Below record
-82.0%
at the end of 1983

Silver Price, daily closes 1983

Numbers mark the events below
$9$12$14JanFebMarAprMayJunJulAugSepOctNovDec1Jan 6: Back above its pre-bear-market peak of $11.24 (September 14, 1981).2Feb 28: Enters a bear market: 20% below its peak of $14.67 (February 15, 1983). Biggest one-day fall of the year: −11.7%.3Mar 23: Bear market low: $10.24, 30.2% below the peak.4Oct 3: Enters a bear market: 20% below its peak of $13.55 (May 31, 1983).5Nov 30: Biggest one-day rise of the year: +8.8%.

Key Events in 1983

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

  1. 1
    Thursday, January 6 From the data
    Back above its pre-bear-market peak of $11.24 (September 14, 1981).
  2. 2
    Monday, February 28 From the data
    Enters a bear market: 20% below its peak of $14.67 (February 15, 1983). Biggest one-day fall of the year: −11.7%.
  3. 3
    Wednesday, March 23 From the data
    Bear market low: $10.24, 30.2% below the peak.
  4. 4
    Monday, October 3 From the data
    Enters a bear market: 20% below its peak of $13.55 (May 31, 1983).
  5. 5
    Wednesday, November 30 From the data
    Biggest one-day rise of the year: +8.8%.

Biggest days of 1983

Best daysWorst days
Nov 30+8.8%Feb 28−11.7%
Jan 10+7.0%Oct 27−9.4%
Oct 6+6.3%Mar 1−8.7%
Jan 17+5.5%Feb 23−7.6%
Oct 28+4.8%Oct 3−7.5%

Volatility: 42.9% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$13.82+27.1%$13.82$11.07
Feb$11.70−15.3%$14.67$11.70
Mar$10.50−10.3%$11.25$10.24
Apr$11.96+13.9%$12.42$10.98
May$13.55+13.3%$13.55$12.12
Jun$11.60−14.4%$12.75$11.09
Jul$12.15+4.7%$12.55$11.42
Aug$11.99−1.3%$12.77$11.48
Sep$11.24−6.3%$12.38$11.24
Oct$8.74−22.2%$10.56$8.59
Nov$9.81+12.2%$9.81$8.37
Dec$8.91−9.2%$9.81$8.64

Other Markets in 1983

Change over the calendar year.

MarketChangeYear-end
Silver Price−18.0%$8.91
Dow Jones Industrial Average in 1983+20.3%1,258.64
S&P 500 in 1983+17.3%164.93
Nasdaq Composite in 1983+19.9%278.60
Gold in 1983−16.3%$382.40
US 10-year Treasury yield in 1983+1.46 pp11.82%
1980198119821983198419851986198719881989

Silver Price in 1983: FAQ

How much did the silver price fall in 1983?

The silver price fell 18.0% in 1983, from $10.87 at the end of 1982 to $8.91. Its highest close was $14.67 on Feb 15, and its lowest $8.37 on Nov 1. The biggest one-day fall was −11.7% on Feb 28 and the biggest rise +8.8% on Nov 30. Adjusted for inflation, it lost 21.0%.

What were the highest and lowest closes of the silver price in 1983?

Highest: $14.67 on February 15, 1983. Lowest: $8.37 on November 1, 1983. It closed higher on 130 of 252 trading days.

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.