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VIX16.68−3.64%

Silver Price in 1999

The silver price rose 6.4% in 1999, from $5.01 at the end of 1998 to $5.33. Its highest close was $5.75 on Feb 15, and its lowest $4.88 on Apr 15. The biggest one-day fall was −4.9% on Feb 17 and the biggest rise +5.0% on Sep 29. Adjusted for inflation, it gained 3.6%.

Change in 1999
+6.4%
$5.01 → $5.33
High
$5.75
Feb 15
Low
$4.88
Apr 15
After inflation
+3.6%
US CPI
Up days
118 of 252
longest run 4 up, 7 down
Below record
-89.2%
at the end of 1999

Silver Price, daily closes 1999

Numbers mark the events below
$5$5$6JanFebMarAprMayJunJulAugSepOctNovDec2Feb 17: Biggest one-day fall of the year: −4.9%.3May 7: UK Treasury announces plans to sell more than half of Britain's gold reserves at auction.4Sep 26: European central banks sign the Washington Agreement on Gold, capping sales at 400 tonnes a year.5Sep 29: Biggest one-day rise of the year: +5.0%.

Key Events in 1999

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

  1. 1
    Friday, January 1
    The euro is introduced as the currency of 11 EU countries for financial markets. Source
    Silver: −0.2% next trading day (Jan 4) · +5.4% a month later
  2. 2
    Wednesday, February 17 From the data
    Biggest one-day fall of the year: −4.9%.
  3. 3
    Friday, May 7
    UK Treasury announces plans to sell more than half of Britain's gold reserves at auction. Source
    Silver: −2.9% that day · −8.3% a month later
  4. 4
    Sunday, September 26
    European central banks sign the Washington Agreement on Gold, capping sales at 400 tonnes a year. Source
    Silver: +1.3% next trading day (Sep 27) · −0.2% a month later
  5. 5
    Wednesday, September 29 From the data
    Biggest one-day rise of the year: +5.0%.

Biggest days of 1999

Best daysWorst days
Sep 29+5.0%Feb 17−4.9%
Feb 3+4.9%Oct 15−4.8%
Jan 6+4.9%Oct 6−4.2%
Jul 29+3.3%Jan 13−3.2%
Apr 30+3.0%May 24−3.0%

Volatility: 23.6% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$5.24+4.6%$5.36$4.91
Feb$5.58+6.5%$5.75$5.28
Mar$5.03−9.9%$5.62$5.03
Apr$5.44+8.2%$5.44$4.88
May$4.94−9.2%$5.47$4.94
Jun$5.22+5.7%$5.22$4.88
Jul$5.45+4.4%$5.45$5.03
Aug$5.08−6.8%$5.52$5.08
Sep$5.58+9.8%$5.71$5.10
Oct$5.29−5.2%$5.71$5.17
Nov$5.18−2.1%$5.25$5.06
Dec$5.33+2.9%$5.33$5.07

Other Markets in 1999

Change over the calendar year.

MarketChangeYear-end
Silver Price+6.4%$5.33
Dow Jones Industrial Average in 1999+25.2%11,497.12
S&P 500 in 1999+19.5%1,469.25
Nasdaq Composite in 1999+85.6%4,069.31
Russell 2000 in 1999+19.6%504.75
Nikkei 225 in 1999+36.8%18,934.34
Gold in 1999+0.9%$290.25
WTI crude oil in 1999+112.2%$25.76
Brent crude oil in 1999+136.5%$24.93
US 10-year Treasury yield in 1999+1.80 pp6.45%
1990199119921993199419951996199719981999

Silver Price in 1999: FAQ

How much did the silver price rise in 1999?

The silver price rose 6.4% in 1999, from $5.01 at the end of 1998 to $5.33. Its highest close was $5.75 on Feb 15, and its lowest $4.88 on Apr 15. The biggest one-day fall was −4.9% on Feb 17 and the biggest rise +5.0% on Sep 29. Adjusted for inflation, it gained 3.6%.

What were the highest and lowest closes of the silver price in 1999?

Highest: $5.75 on February 15, 1999. Lowest: $4.88 on April 15, 1999. It closed higher on 118 of 252 trading days.

What happened to the silver price on May 7, 1999?

UK Treasury announces plans to sell more than half of Britain's gold reserves at auction. The silver price fell 2.9% that day, and was −8.3% 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.