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Silver Price in 1994

The silver price fell 5.2% in 1994, from $5.12 at the end of 1993 to $4.85. Its highest close was $5.75 on Mar 24, and its lowest $4.64 on Dec 8. The biggest one-day fall was −4.1% on Jan 6 and the biggest rise +6.5% on May 9. Adjusted for inflation, it lost 7.7%.

Change in 1994
−5.2%
$5.12 → $4.85
High
$5.75
Mar 24
Low
$4.64
Dec 8
After inflation
−7.7%
US CPI
Up days
121 of 252
longest run 5 up, 6 down
Below record
-90.2%
at the end of 1994

Silver Price, daily closes 1994

Numbers mark the events below
$5$5$6JanFebMarAprMayJunJulAugSepOctNovDec2Jan 6: Biggest one-day fall of the year: −4.1%.3Feb 4: Back above its pre-bear-market peak of $5.42 (August 2, 1993).4May 9: Biggest one-day rise of the year: +6.5%.5Dec 20: Mexico devalues the peso, triggering the Mexican peso crisis; the peso is floated two days later.

Key Events in 1994

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

  1. 1
    Saturday, January 1
    North American Free Trade Agreement (NAFTA) enters into force. Source
    Silver: +3.2% next trading day (Jan 4) · +0.1% a month later
  2. 2
    Thursday, January 6 From the data
    Biggest one-day fall of the year: −4.1%.
  3. 3
    Friday, February 4 From the data
    Back above its pre-bear-market peak of $5.42 (August 2, 1993).
  4. 4
    Monday, May 9 From the data
    Biggest one-day rise of the year: +6.5%.
  5. 5
    Tuesday, December 20
    Mexico devalues the peso, triggering the Mexican peso crisis; the peso is floated two days later. Source
    Silver: +0.9% that day

Biggest days of 1994

Best daysWorst days
May 9+6.5%Jan 6−4.1%
Sep 21+3.5%Dec 5−3.9%
May 23+3.3%Jan 10−3.9%
Jun 16+3.3%Jun 2−3.5%
Feb 4+3.3%Jun 23−3.2%

Volatility: 23.8% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$5.06−1.1%$5.34$4.91
Feb$5.24+3.7%$5.46$5.12
Mar$5.74+9.4%$5.75$5.18
Apr$5.28−7.9%$5.65$5.09
May$5.50+4.1%$5.73$5.07
Jun$5.25−4.4%$5.61$5.25
Jul$5.29+0.8%$5.41$5.16
Aug$5.36+1.2%$5.38$5.05
Sep$5.62+4.9%$5.71$5.39
Oct$5.35−4.9%$5.66$5.31
Nov$5.08−5.1%$5.32$5.08
Dec$4.85−4.4%$4.93$4.64

Other Markets in 1994

Change over the calendar year.

MarketChangeYear-end
Silver Price−5.2%$4.85
Dow Jones Industrial Average in 1994+2.1%3,834.44
S&P 500 in 1994−1.5%459.27
Nasdaq Composite in 1994−3.2%751.96
Russell 2000 in 1994−3.2%250.36
Nikkei 225 in 1994+13.2%19,723.00
Gold in 1994−2.2%$383.25
WTI crude oil in 1994+25.2%$17.77
Brent crude oil in 1994+23.1%$16.23
US 10-year Treasury yield in 1994+2.01 pp7.84%
1990199119921993199419951996199719981999

Silver Price in 1994: FAQ

How much did the silver price fall in 1994?

The silver price fell 5.2% in 1994, from $5.12 at the end of 1993 to $4.85. Its highest close was $5.75 on Mar 24, and its lowest $4.64 on Dec 8. The biggest one-day fall was −4.1% on Jan 6 and the biggest rise +6.5% on May 9. Adjusted for inflation, it lost 7.7%.

What were the highest and lowest closes of the silver price in 1994?

Highest: $5.75 on March 24, 1994. Lowest: $4.64 on December 8, 1994. It closed higher on 121 of 252 trading days.

What happened to the silver price on January 1, 1994?

North American Free Trade Agreement (NAFTA) enters into force. The silver price rose 3.2% on the next trading day (January 4, 1994), and was +0.1% 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.