Silver Price in 1989
In 1989, the price of silver averaged $5.50 per troy ounce, down 15.8% from the year before. This page covers the 1989 average, high, low, and year-end close, the events that moved the market, and what that silver would be worth in today's dollars.
1989 Average
$5.50
LBMA annual average, USD/oz
Change vs 1988
-15.8%
from $6.53 in 1988
1989 High
$6.17
from daily trading data
1989 Low
$5.02
from daily trading data
Year-End Close
$5.18
last trading day of 1989
What happened to the silver price in 1989
Silver averaged $5.50 per troy ounce in 1989, sliding 15.8% from the $6.53 average of 1988. Daily trading data shows silver moved between a low of $5.02 and a high of $6.17 during the year, ending 1989 at $5.18.
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 1989 average of $5.50 equals about $14 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 1989?
What is a 1989 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.