Silver Price in 1993

The silver price rose 39.4% in 1993, from $3.67 at the end of 1992 to $5.12. Its highest close was $5.42 on Aug 2, and its lowest $3.56 on Mar 9. The biggest one-day fall was −6.8% on Aug 6 and the biggest rise +7.8% on Apr 29. Adjusted for inflation, it gained 35.7%.

Change in 1993

+39.4%

$3.67 → $5.12

High

$5.42

Aug 2

Low

$3.56

Mar 9

After inflation

+35.7%

US CPI

Up days

125 of 253

longest run 5 up, 7 down

Below record

-89.7%

at the end of 1993

Silver Price, daily closes 1993

Numbers mark the events below

Key Events in 1993

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

1
Tuesday, March 9 From the data

Bear market low: $3.56, 22.1% below the peak.
2
Thursday, April 29 From the data

Biggest one-day rise of the year: +7.8%.
3
Wednesday, May 19 From the data

Back above its pre-bear-market peak of $4.57 (June 10, 1991).
4
Friday, August 6 From the data

Biggest one-day fall of the year: −6.8%.
5
Wednesday, September 8 From the data

Enters a bear market: 20% below its peak of $5.42 (August 2, 1993).
6
Tuesday, September 14 From the data

Bear market low: $3.92, 27.6% below the peak.
7
Monday, November 1

Maastricht Treaty enters into force, establishing the European Union. Source

Silver: −2.7% that day · +5.2% a month later
8
Wednesday, December 8

President Clinton signs the North American Free Trade Agreement Implementation Act. Source

Silver: +2.6% that day · +1.6% a month later

Biggest days of 1993

Best days		Worst days
Apr 29	+7.8%	Aug 6	−6.8%
May 19	+7.7%	Sep 8	−5.5%
May 13	+6.8%	Jun 2	−5.4%
Jul 2	+6.3%	Sep 13	−5.0%
Dec 2	+5.2%	May 20	−4.9%

Volatility: 31.5% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	$3.71	+1.0%	$3.72	$3.65
Feb	$3.57	−3.8%	$3.77	$3.57
Mar	$3.89	+9.1%	$3.89	$3.56
Apr	$4.30	+10.5%	$4.36	$3.79
May	$4.71	+9.7%	$4.74	$4.23
Jun	$4.58	−2.9%	$4.62	$4.22
Jul	$5.30	+15.8%	$5.30	$4.55
Aug	$4.84	−8.6%	$5.42	$4.59
Sep	$4.03	−16.8%	$4.83	$3.92
Oct	$4.40	+9.2%	$4.51	$4.05
Nov	$4.47	+1.5%	$4.73	$4.21
Dec	$5.12	+14.5%	$5.14	$4.43

Other Markets in 1993

Change over the calendar year.

Market	Change	Year-end
Silver Price	+39.4%	$5.12
Dow Jones Industrial Average in 1993	+13.7%	3,754.09
S&P 500 in 1993	+7.1%	466.45
Nasdaq Composite in 1993	+14.7%	776.80
Russell 2000 in 1993	+17.0%	258.59
Nikkei 225 in 1993	+2.9%	17,417.00
Gold in 1993	+17.7%	$391.75
WTI crude oil in 1993	−27.2%	$14.19
Brent crude oil in 1993	−26.2%	$13.18
US 10-year Treasury yield in 1993	−0.87 pp	5.83%

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999

Silver Price in 1993: FAQ

How much did the silver price rise in 1993?

What were the highest and lowest closes of the silver price in 1993?

Highest: $5.42 on August 2, 1993. Lowest: $3.56 on March 9, 1993. It closed higher on 125 of 253 trading days.

What happened to the silver price on November 1, 1993?

Maastricht Treaty enters into force, establishing the European Union. The silver price fell 2.7% that day, and was +5.2% 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.