Silver Price in 1987

In 1987, the price of silver averaged $7.01 per troy ounce, up 28.2% from the year before. This page covers the 1987 average, high, low, and year-end close, the events that moved the market, and what that silver would be worth in today's dollars.

1987 Average

$7.01

LBMA annual average, USD/oz

Change vs 1986

+28.2%

from $5.47 in 1986

1987 High

$10.20

from daily trading data

1987 Low

$5.36

from daily trading data

Year-End Close

$6.70

last trading day of 1987

What happened to the silver price in 1987

Silver averaged $7.01 per troy ounce in 1987, climbing 28.2% from the $5.47 average of 1986. Daily trading data shows silver moved between a low of $5.36 and a high of $10.20 during the year, ending 1987 at $6.70. The notable development of 1987: Black Monday crash.

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 1987 average of $7.01 equals about $20 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 1987?

Silver averaged $7.01 per troy ounce in 1987, based on LBMA annual average data. Daily prices ranged from a low of $5.36 to a high of $10.20, and the year closed at $6.70. That average was up 28.2% from $5.47 in 1986.

What is a 1987 silver price worth in today's dollars?

Adjusted with the US Consumer Price Index, silver's 1987 average of $7.01 works out to roughly $20 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.

What moved the silver price in 1987?

The defining story of 1987: Black Monday crash. Against that backdrop, the annual average climbed 28.2%, from $5.47 in 1986 to $7.01.

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.