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Silver Price in 1984

The silver price fell 29.4% in 1984, from $8.91 at the end of 1983 to $6.29. Its highest close was $10.11 on Mar 5, and its lowest $6.22 on Dec 20. The biggest one-day fall was −6.1% on Jan 9 and the biggest rise +7.1% on Sep 24. Adjusted for inflation, it lost 32.1%.

Change in 1984
−29.4%
$8.91 → $6.29
High
$10.11
Mar 5
Low
$6.22
Dec 20
After inflation
−32.1%
US CPI
Up days
114 of 252
longest run 5 up, 7 down
Below record
-87.3%
at the end of 1984

Silver Price, daily closes 1984

Numbers mark the events below
$7$8$10JanFebMarAprMayJunJulAugSepOctNovDec1Jan 9: Bear market low: $7.90, 41.7% below the peak. Biggest one-day fall of the year: −6.1%.2May 30: Japan-US Yen-Dollar Committee report on Japanese financial liberalization is published.3Jul 5: Enters a bear market: 20% below its peak of $10.11 (March 5, 1984).4Sep 24: Biggest one-day rise of the year: +7.1%.5Nov 6: Ronald Reagan is re-elected US president.

Key Events in 1984

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

  1. 1
    Monday, January 9 From the data
    Bear market low: $7.90, 41.7% below the peak. Biggest one-day fall of the year: −6.1%.
  2. 2
    Wednesday, May 30
    Japan-US Yen-Dollar Committee report on Japanese financial liberalization is published. Source
    Silver: −0.5% that day · −9.2% a month later
  3. 3
    Thursday, July 5 From the data
    Enters a bear market: 20% below its peak of $10.11 (March 5, 1984).
  4. 4
    Monday, September 24 From the data
    Biggest one-day rise of the year: +7.1%.
  5. 5
    Tuesday, November 6
    Ronald Reagan is re-elected US president. Source
    Silver: +0.9% that day · −5.8% a month later

Biggest days of 1984

Best daysWorst days
Sep 24+7.1%Jan 9−6.1%
Aug 10+5.4%Jan 4−5.4%
Aug 2+4.7%May 8−5.1%
Feb 8+4.6%Jul 9−4.7%
Mar 5+4.6%Mar 15−4.6%

Volatility: 30.9% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$8.43−5.4%$8.96$7.90
Feb$9.64+14.4%$9.87$8.64
Mar$9.65+0.1%$10.11$9.39
Apr$8.96−7.1%$9.74$8.96
May$9.12+1.8%$9.20$8.59
Jun$8.39−8.0%$9.38$8.36
Jul$7.11−15.3%$8.30$6.92
Aug$7.45+4.7%$7.92$7.02
Sep$7.44−0.1%$7.65$6.98
Oct$7.20−3.2%$7.61$7.11
Nov$7.05−2.0%$7.85$7.05
Dec$6.29−10.8%$7.10$6.22

Other Markets in 1984

Change over the calendar year.

MarketChangeYear-end
Silver Price−29.4%$6.29
Dow Jones Industrial Average in 1984−3.7%1,211.57
S&P 500 in 1984+1.4%167.24
Nasdaq Composite in 1984−11.3%247.10
Nikkei 225 in 1984+16.7%11,543.00
Gold in 1984−19.4%$308.30
US 10-year Treasury yield in 1984−0.27 pp11.55%
1980198119821983198419851986198719881989

Silver Price in 1984: FAQ

How much did the silver price fall in 1984?

The silver price fell 29.4% in 1984, from $8.91 at the end of 1983 to $6.29. Its highest close was $10.11 on Mar 5, and its lowest $6.22 on Dec 20. The biggest one-day fall was −6.1% on Jan 9 and the biggest rise +7.1% on Sep 24. Adjusted for inflation, it lost 32.1%.

What were the highest and lowest closes of the silver price in 1984?

Highest: $10.11 on March 5, 1984. Lowest: $6.22 on December 20, 1984. It closed higher on 114 of 252 trading days.

What happened to the silver price on November 6, 1984?

Ronald Reagan is re-elected US president. The silver price rose 0.9% that day, and was −5.8% 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.