Silver Price in 1991

The silver price fell 7.9% in 1991, from $4.19 at the end of 1990 to $3.86. Its highest close was $4.57 on Jun 10, and its lowest $3.55 on Feb 25. The biggest one-day fall was −4.6% on Mar 12 and the biggest rise +5.9% on Jun 7. Adjusted for inflation, it lost 10.7%.

Change in 1991

−7.9%

$4.19 → $3.86

High

$4.57

Jun 10

Low

$3.55

Feb 25

After inflation

−10.7%

US CPI

Up days

122 of 253

longest run 5 up, 8 down

Below record

-92.2%

at the end of 1991

Silver Price, daily closes 1991

Numbers mark the events below

Key Events in 1991

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

1
Thursday, January 17

US-led coalition begins Operation Desert Storm air campaign against Iraq. Source

Silver: −3.0% that day · −10.8% a month later
2
Monday, February 25 From the data

Bear market low: $3.55, 54.6% below the peak.
3
Thursday, February 28

Operation Desert Storm ends after the 100-hour ground campaign. Source

Silver: +1.8% that day · +6.1% a month later
4
Tuesday, March 12 From the data

Biggest one-day fall of the year: −4.6%.
5
Friday, June 7 From the data

Biggest one-day rise of the year: +5.9%.
6
Monday, August 19

Hardliners launch a coup attempt against Soviet leader Mikhail Gorbachev; it collapses within days. Source

Silver: +2.2% that day · +2.9% a month later
7
Thursday, December 26

The Soviet Union is formally dissolved. Source

Silver: +0.1% next trading day (Dec 27) · +6.9% a month later

Biggest days of 1991

Best days		Worst days
Jun 7	+5.9%	Mar 12	−4.6%
Mar 11	+4.2%	Apr 19	−4.1%
Sep 9	+3.4%	Feb 12	−4.1%
Apr 3	+3.3%	Jan 9	−3.9%
Sep 24	+3.0%	Aug 30	−3.2%

Volatility: 22.4% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	$3.83	−8.7%	$4.25	$3.81
Feb	$3.68	−3.9%	$3.88	$3.55
Mar	$3.84	+4.3%	$4.17	$3.76
Apr	$3.93	+2.5%	$4.12	$3.87
May	$4.13	+5.1%	$4.14	$3.93
Jun	$4.45	+7.8%	$4.57	$4.15
Jul	$4.07	−8.7%	$4.53	$4.05
Aug	$3.82	−6.2%	$4.05	$3.82
Sep	$4.14	+8.4%	$4.25	$3.83
Oct	$4.09	−1.1%	$4.22	$4.05
Nov	$4.07	−0.6%	$4.14	$4.01
Dec	$3.86	−5.0%	$4.09	$3.82

Other Markets in 1991

Change over the calendar year.

Market	Change	Year-end
Silver Price	−7.9%	$3.86
Dow Jones Industrial Average in 1991	+20.3%	3,168.83
S&P 500 in 1991	+26.3%	417.09
Nasdaq Composite in 1991	+56.9%	586.34
Russell 2000 in 1991	+43.7%	189.94
Nikkei 225 in 1991	−3.6%	22,984.00
Gold in 1991	−8.6%	$353.15
WTI crude oil in 1991	−32.8%	$19.15
Brent crude oil in 1991	−37.4%	$17.75
US 10-year Treasury yield in 1991	−1.37 pp	6.71%

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999

Silver Price in 1991: FAQ

How much did the silver price fall in 1991?

What were the highest and lowest closes of the silver price in 1991?

Highest: $4.57 on June 10, 1991. Lowest: $3.55 on February 25, 1991. It closed higher on 122 of 253 trading days.

What happened to the silver price on January 17, 1991?

US-led coalition begins Operation Desert Storm air campaign against Iraq. The silver price fell 3.0% that day, and was −10.8% 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.