Silver Price in 1987

The silver price rose 26.9% in 1987, from $5.28 at the end of 1986 to $6.70. Its highest close was $10.93 on Apr 27, and its lowest $5.36 on Jan 7. The biggest one-day fall was −22.7% on Apr 28 and the biggest rise +19.6% on Apr 27. Adjusted for inflation, it gained 21.5%.

Change in 1987

+26.9%

$5.28 → $6.70

High

$10.93

Apr 27

Low

$5.36

Jan 7

After inflation

+21.5%

US CPI

Up days

136 of 252

longest run 6 up, 4 down

Below record

-86.4%

at the end of 1987

Silver Price, daily closes 1987

Numbers mark the events below

Key Events in 1987

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

1
Sunday, February 22

Major finance ministers sign the Louvre Accord to stabilize the dollar. Source

Silver: +0.7% next trading day (Feb 23) · +2.3% a month later
2
Friday, April 10 From the data

Back above its pre-bear-market peak of $6.75 (April 15, 1985).
3
Monday, April 27 From the data

Back above its pre-bear-market peak of $10.11 (March 5, 1984). Biggest one-day rise of the year: +19.6%.
4
Tuesday, April 28 From the data

Enters a bear market: 20% below its peak of $10.93 (April 27, 1987). Biggest one-day fall of the year: −22.7%.
5
Tuesday, June 23 From the data

Bear market low: $6.76, 38.1% below the peak.
6
Monday, October 19

Black Monday: Dow falls 508 points (22.6%), its largest one-day percentage drop. Source

Silver: +6.3% that day · −16.1% a month later
7
Friday, October 30 From the data

Enters a bear market: 20% below its peak of $8.73 (August 4, 1987).

Biggest days of 1987

Best days		Worst days
Apr 27	+19.6%	Apr 28	−22.7%
May 5	+12.8%	May 26	−10.7%
Apr 24	+10.1%	May 27	−9.1%
Apr 21	+9.1%	May 6	−8.5%
May 18	+6.5%	Nov 5	−6.8%

Volatility: 51.5% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	$5.55	+5.1%	$5.73	$5.36
Feb	$5.47	−1.5%	$5.56	$5.39
Mar	$6.31	+15.3%	$6.31	$5.43
Apr	$8.13	+28.9%	$10.93	$6.26
May	$7.69	−5.4%	$9.44	$7.30
Jun	$7.14	−7.1%	$7.93	$6.76
Jul	$8.32	+16.5%	$8.32	$7.20
Aug	$7.55	−9.3%	$8.73	$7.53
Sep	$7.64	+1.3%	$7.82	$7.36
Oct	$6.88	−10.0%	$8.31	$6.88
Nov	$7.25	+5.4%	$7.25	$6.29
Dec	$6.70	−7.6%	$7.04	$6.63

Other Markets in 1987

Change over the calendar year.

Market	Change	Year-end
Silver Price	+26.9%	$6.70
Dow Jones Industrial Average in 1987	+2.3%	1,938.83
S&P 500 in 1987	+2.0%	247.08
Nasdaq Composite in 1987	−5.2%	330.50
Nikkei 225 in 1987	+14.6%	21,564.00
Gold in 1987	+24.5%	$484.10
WTI crude oil in 1987	−6.6%	$16.74
US 10-year Treasury yield in 1987	+1.60 pp	8.83%

1980 1981 1982 1983 1984 1985 1986 1987 1988 1989

Silver Price in 1987: FAQ

How much did the silver price rise in 1987?

What were the highest and lowest closes of the silver price in 1987?

Highest: $10.93 on April 27, 1987. Lowest: $5.36 on January 7, 1987. It closed higher on 136 of 252 trading days.

What happened to the silver price on October 19, 1987?

Black Monday: Dow falls 508 points (22.6%), its largest one-day percentage drop. The silver price rose 6.3% that day, and was −16.1% 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.