Silver Price in 1991

In 1991, the price of silver averaged $4.04 per troy ounce, down 16.4% from the year before. This page covers the 1991 average, high, low, and year-end close, the events that moved the market, and what that silver would be worth in today's dollars.

1991 Average

$4.04

LBMA annual average, USD/oz

Change vs 1990

-16.4%

from $4.83 in 1990

What happened to the silver price in 1991

Silver averaged $4.04 per troy ounce in 1991, sliding 16.4% from the $4.83 average of 1990. The notable development of 1991: Silver bottoms near $3.50, its lowest since 1974.

The 1990s were silver's quietest decade. Prices spent most of it between $4 and $6 per ounce, and the most notable event was Warren Buffett's 1997 purchase of roughly 130 million ounces through Berkshire Hathaway.

Adjusted for inflation, silver's 1991 average of $4.04 equals about $9.56 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 1991?

Silver averaged $4.04 per troy ounce in 1991, based on LBMA annual average data. That average was down 16.4% from $4.83 in 1990.

What is a 1991 silver price worth in today's dollars?

Adjusted with the US Consumer Price Index, silver's 1991 average of $4.04 works out to roughly $9.56 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 1991?

The defining story of 1991: Silver bottoms near $3.50, its lowest since 1974. Against that backdrop, the annual average fell 16.4%, from $4.83 in 1990 to $4.04.

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.