Silver Price in 1989
The silver price fell 13.8% in 1989, from $6.05 at the end of 1988 to $5.22. Its highest close was $6.21 on Jan 24, and its lowest $5.05 on Oct 11. The biggest one-day fall was −5.2% on May 22 and the biggest rise +3.1% on Jun 7. Adjusted for inflation, it lost 17.6%.
Silver Price, daily closes 1989
Numbers mark the events belowKey Events in 1989
What happened, and how the Silver moved — on the day (or the next trading day) and about a month later.
- 1
Monday, May 22 From the dataBiggest one-day fall of the year: −5.2%.
- 2
Wednesday, June 7 From the dataBiggest one-day rise of the year: +3.1%.
- 3
Thursday, November 9East Germany opens the Berlin Wall. SourceSilver: +0.3% that day · +6.1% a month later
Biggest days of 1989
| Best days | Worst days | ||
|---|---|---|---|
| Jun 7 | +3.1% | May 22 | −5.2% |
| Nov 17 | +3.0% | Dec 28 | −4.4% |
| Jan 23 | +2.9% | Nov 28 | −4.0% |
| Mar 10 | +2.9% | Jun 12 | −3.7% |
| Dec 1 | +2.6% | Jan 30 | −3.6% |
Volatility: 18.6% (annualised standard deviation of daily changes).
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | $5.85 | −3.3% |
| Feb | $5.86 | +0.2% |
| Mar | $5.77 | −1.6% |
| Apr | $5.64 | −2.2% |
| May | $5.22 | −7.4% |
| Jun | $5.17 | −0.9% |
| Jul | $5.15 | −0.6% |
| Aug | $5.07 | −1.5% |
| Sep | $5.28 | +4.2% |
| Oct | $5.23 | −0.9% |
| Nov | $5.57 | +6.4% |
| Dec | $5.22 | −6.3% |
Other Markets in 1989
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| Silver Price | −13.8% | $5.22 |
| Dow Jones Industrial Average in 1989 | +27.0% | 2,753.20 |
| S&P 500 in 1989 | +27.3% | 353.40 |
| Nasdaq Composite in 1989 | +19.2% | 454.80 |
| Russell 2000 in 1989 | +14.2% | 168.31 |
| Nikkei 225 in 1989 | +29.0% | 38,916.00 |
| Gold in 1989 | −2.8% | $398.60 |
| WTI crude oil in 1989 | +27.6% | $21.84 |
| Brent crude oil in 1989 | +29.7% | $21.05 |
| US 10-year Treasury yield in 1989 | −1.21 pp | 7.93% |
Silver Price in 1989: FAQ
How much did the silver price fall in 1989?
The silver price fell 13.8% in 1989, from $6.05 at the end of 1988 to $5.22. Its highest close was $6.21 on Jan 24, and its lowest $5.05 on Oct 11. The biggest one-day fall was −5.2% on May 22 and the biggest rise +3.1% on Jun 7. Adjusted for inflation, it lost 17.6%.
What were the highest and lowest closes of the silver price in 1989?
Highest: $6.21 on January 24, 1989. Lowest: $5.05 on October 11, 1989. It closed higher on 129 of 252 trading days.
What happened to the silver price on November 9, 1989?
East Germany opens the Berlin Wall. The silver price rose 0.3% that day, and was +6.1% 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.