Silver Price in 1998
In 1998, the price of silver averaged $5.54 per troy ounce, up 13.3% from the year before. This page covers the 1998 average, high, low, and year-end close, the events that moved the market, and what that silver would be worth in today's dollars.
1998 Average
$5.54
LBMA annual average, USD/oz
Change vs 1997
+13.3%
from $4.89 in 1997
What happened to the silver price in 1998
Silver averaged $5.54 per troy ounce in 1998, up 13.3% from $4.89 the year before.
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 1998 average of $5.54 equals about $11 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 1998?
What is a 1998 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.