Silver Price in 1984

In 1984, the price of silver averaged $8.14 per troy ounce, down 28.8% from the year before. This page covers the 1984 average, high, low, and year-end close, and what that silver would be worth in today's dollars.

1984 Average

$8.14

LBMA annual average, USD/oz

Change vs 1983

-28.8%

from $11.44 in 1983

1984 High

$10.04

from daily trading data

1984 Low

$6.26

from daily trading data

Year-End Close

$6.36

last trading day of 1984

Silver Price Chart, 1974 to 1994

Annual average silver price per troy ounce, 1974 to 1994, with 1984 marked.

Silver Price by Month in 1984

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 1984	$8.18	$8.58	$7.90
February 1984	$9.13	$9.81	$8.70
March 1984	$9.64	$10.04	$9.39
April 1984	$9.22	$9.62	$8.90
May 1984	$8.97	$9.26	$8.63
June 1984	$8.74	$9.45	$8.32
July 1984	$7.42	$8.30	$6.90
August 1984	$7.61	$7.92	$7.09
September 1984	$7.26	$7.64	$7.02
October 1984	$7.32	$7.66	$7.14
November 1984	$7.49	$7.80	$7.03
December 1984	$6.66	$7.14	$6.26

What happened to the silver price in 1984

Silver averaged $8.14 per troy ounce in 1984, sliding 28.8% from the $11.44 average of 1983. Daily trading data shows silver moved between a low of $6.26 and a high of $10.04 during the year, ending 1984 at $6.36.

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 1984 average of $8.14 equals about $25 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 1984?

Silver averaged $8.14 per troy ounce in 1984, based on LBMA annual average data. Daily prices ranged from a low of $6.26 to a high of $10.04, and the year closed at $6.36. That average was down 28.8% from $11.44 in 1983.

What is a 1984 silver price worth in today's dollars?

Adjusted with the US Consumer Price Index, silver's 1984 average of $8.14 works out to roughly $25 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

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.