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Silver Price in 1988

The silver price fell 9.7% in 1988, from $6.70 at the end of 1987 to $6.05. Its highest close was $7.82 on Jul 20, and its lowest $6.05 on Dec 30. The biggest one-day fall was −7.8% on Jul 26 and the biggest rise +9.4% on Jul 20. Adjusted for inflation, it lost 13.5%.

Change in 1988
−9.7%
$6.70 → $6.05
High
$7.82
Jul 20
Low
$6.05
Dec 30
After inflation
−13.5%
US CPI
Up days
122 of 253
longest run 7 up, 6 down
Below record
-87.8%
at the end of 1988

Silver Price, daily closes 1988

Numbers mark the events below
$6$7$8JanFebMarAprMayJunJulAugSepOctNovDec1Feb 29: Bear market low: $6.14, 29.7% below the peak.2Jul 20: Biggest one-day rise of the year: +9.4%.3Jul 26: Biggest one-day fall of the year: −7.8%.4Sep 21: Enters a bear market: 20% below its peak of $7.82 (July 20, 1988).5Nov 8: George H. W. Bush is elected US president.

Key Events in 1988

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

  1. 1
    Monday, February 29 From the data
    Bear market low: $6.14, 29.7% below the peak.
  2. 2
    Wednesday, July 20 From the data
    Biggest one-day rise of the year: +9.4%.
  3. 3
    Tuesday, July 26 From the data
    Biggest one-day fall of the year: −7.8%.
  4. 4
    Wednesday, September 21 From the data
    Enters a bear market: 20% below its peak of $7.82 (July 20, 1988).
  5. 5
    Tuesday, November 8
    George H. W. Bush is elected US president. Source
    Silver: +0.8% that day · −4.2% a month later

Biggest days of 1988

Best daysWorst days
Jul 20+9.4%Jul 26−7.8%
Jun 3+6.8%Jun 29−3.6%
Jul 14+3.9%Sep 12−3.2%
Jan 6+3.8%Feb 3−3.2%
Jan 7+3.7%Aug 30−2.9%

Volatility: 24.3% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$6.55−2.3%$7.00$6.50
Feb$6.14−6.3%$6.62$6.14
Mar$6.75+10.0%$6.75$6.20
Apr$6.46−4.3%$6.73$6.36
May$6.60+2.1%$6.76$6.32
Jun$6.65+0.8%$7.28$6.65
Jul$6.80+2.3%$7.82$6.69
Aug$6.46−5.0%$6.86$6.46
Sep$6.17−4.5%$6.63$6.10
Oct$6.31+2.2%$6.41$6.12
Nov$6.07−3.8%$6.52$6.07
Dec$6.05−0.3%$6.19$6.05

Other Markets in 1988

Change over the calendar year.

MarketChangeYear-end
Silver Price−9.7%$6.05
Dow Jones Industrial Average in 1988+11.8%2,168.57
S&P 500 in 1988+12.4%277.72
Nasdaq Composite in 1988+15.4%381.40
Russell 2000 in 1988+22.4%147.37
Nikkei 225 in 1988+39.9%30,159.00
Gold in 1988−15.3%$410.25
WTI crude oil in 1988+2.3%$17.12
Brent crude oil in 1988−7.8%$16.23
US 10-year Treasury yield in 1988+0.31 pp9.14%
1980198119821983198419851986198719881989

Silver Price in 1988: FAQ

How much did the silver price fall in 1988?

The silver price fell 9.7% in 1988, from $6.70 at the end of 1987 to $6.05. Its highest close was $7.82 on Jul 20, and its lowest $6.05 on Dec 30. The biggest one-day fall was −7.8% on Jul 26 and the biggest rise +9.4% on Jul 20. Adjusted for inflation, it lost 13.5%.

What were the highest and lowest closes of the silver price in 1988?

Highest: $7.82 on July 20, 1988. Lowest: $6.05 on December 30, 1988. It closed higher on 122 of 253 trading days.

What happened to the silver price on November 8, 1988?

George H. W. Bush is elected US president. The silver price rose 0.8% that day, and was −4.2% 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.