Silver Price in 1992

The silver price fell 4.9% in 1992, from $3.86 at the end of 1991 to $3.67. Its highest close was $4.34 on Jan 17, and its lowest $3.65 on Aug 26. The biggest one-day fall was −3.8% on Nov 10 and the biggest rise +4.8% on Jan 17. Adjusted for inflation, it lost 7.6%.

Change in 1992

−4.9%

$3.86 → $3.67

High

$4.34

Jan 17

Low

$3.65

Aug 26

After inflation

−7.6%

US CPI

Up days

122 of 254

longest run 5 up, 6 down

Below record

-92.6%

at the end of 1992

Silver Price, daily closes 1992

Numbers mark the events below

Key Events in 1992

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

1
Friday, January 17 From the data

Biggest one-day rise of the year: +4.8%.
2
Friday, February 7

Maastricht Treaty is signed, setting the path to European monetary union. Source

Silver: −0.6% that day · −1.6% a month later
3
Wednesday, August 26 From the data

Enters a bear market: 20% below its peak of $4.57 (June 10, 1991).
4
Wednesday, September 16

Black Wednesday: the UK withdraws sterling from the European Exchange Rate Mechanism. Source

Silver: +1.4% that day · −2.1% a month later
5
Tuesday, November 10 From the data

Biggest one-day fall of the year: −3.8%.

Biggest days of 1992

Best days		Worst days
Jan 17	+4.8%	Nov 10	−3.8%
Jan 10	+4.0%	Jul 7	−3.3%
Jan 3	+3.0%	Jan 31	−2.5%
Nov 13	+3.0%	Jan 20	−2.4%
Jan 15	+2.3%	Sep 29	−2.2%

Volatility: 16.0% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	$4.13	+7.0%	$4.34	$3.87
Feb	$4.12	−0.3%	$4.22	$4.06
Mar	$4.12	0.0%	$4.17	$4.02
Apr	$3.98	−3.4%	$4.15	$3.94
May	$4.06	+1.9%	$4.12	$4.01
Jun	$4.03	−0.8%	$4.12	$3.99
Jul	$3.95	−1.8%	$4.07	$3.91
Aug	$3.72	−5.9%	$3.98	$3.65
Sep	$3.77	+1.3%	$3.84	$3.69
Oct	$3.76	−0.1%	$3.81	$3.71
Nov	$3.73	−0.8%	$3.91	$3.69
Dec	$3.67	−1.7%	$3.78	$3.66

Other Markets in 1992

Change over the calendar year.

Market	Change	Year-end
Silver Price	−4.9%	$3.67
Dow Jones Industrial Average in 1992	+4.2%	3,301.11
S&P 500 in 1992	+4.5%	435.71
Nasdaq Composite in 1992	+15.5%	676.95
Russell 2000 in 1992	+16.4%	221.01
Nikkei 225 in 1992	−26.4%	16,925.00
Gold in 1992	−5.7%	$332.90
WTI crude oil in 1992	+1.8%	$19.49
Brent crude oil in 1992	+0.6%	$17.85
US 10-year Treasury yield in 1992	−0.01 pp	6.70%

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999

Silver Price in 1992: FAQ

How much did the silver price fall in 1992?

What were the highest and lowest closes of the silver price in 1992?

Highest: $4.34 on January 17, 1992. Lowest: $3.65 on August 26, 1992. It closed higher on 122 of 254 trading days.

What happened to the silver price on September 16, 1992?

Black Wednesday: the UK withdraws sterling from the European Exchange Rate Mechanism. The silver price rose 1.4% that day, and was −2.1% 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.