Silver Price in 1983
In 1983, the price of silver averaged $11.44 per troy ounce, up 43.9% from the year before. This page covers the 1983 average, high, low, and year-end close, and what that silver would be worth in today's dollars.
1983 Average
$11.44
LBMA annual average, USD/oz
Change vs 1982
+43.9%
from $7.95 in 1982
1983 High
$14.75
from daily trading data
1983 Low
$8.34
from daily trading data
Year-End Close
$8.95
last trading day of 1983
Silver Price Chart, 1973 to 1993
Silver Price by Month in 1983
Each month's average of daily closing prices, with its high and low, per troy ounce. These come from MetalCharts daily spot data, so they can differ slightly from the annual average above, which is based on LBMA annual average data.
| Month | Average | High | Low |
|---|---|---|---|
| January 1983 | $12.40 | $13.86 | $10.86 |
| February 1983 | $14.02 | $14.75 | $11.95 |
| March 1983 | $10.62 | $11.28 | $10.13 |
| April 1983 | $11.70 | $12.37 | $10.80 |
| May 1983 | $12.98 | $13.60 | $12.06 |
| June 1983 | $11.75 | $12.63 | $11.09 |
| July 1983 | $12.09 | $12.50 | $11.30 |
| August 1983 | $12.09 | $12.71 | $11.52 |
| September 1983 | $11.92 | $12.32 | $11.23 |
| October 1983 | $9.87 | $10.43 | $8.71 |
| November 1983 | $8.83 | $9.70 | $8.34 |
| December 1983 | $9.12 | $9.97 | $8.54 |
What happened to the silver price in 1983
Silver averaged $11.44 per troy ounce in 1983, climbing 43.9% from the $7.95 average of 1982. Daily trading data shows silver moved between a low of $8.34 and a high of $14.75 during the year, ending 1983 at $8.95.
The 1980s opened with the Hunt brothers squeeze driving silver to roughly $50 per ounce in January 1980, followed by the Silver Thursday collapse that March. The rest of the decade was a long unwind as inflation cooled and speculative interest drained away.
Adjusted for inflation, silver's 1983 average of $11.44 equals about $37 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of silver in 1983?
What is a 1983 silver price worth in today's dollars?
Annual averages are LBMA prices per troy ounce in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.